SEC Form 4 · accession 0001065280-17-000094
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Aug 21, 2017
Accepted (ET)
Aug 22, 2017 · 6:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001065280
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 21, 2017 | M | 93,380 | $3.0314 | A | 93,380 | D | |
| Common StockF1,F2 | Aug 21, 2017 | S | 27,706 | $164.9924 | D | 65,674 | D | |
| Common StockF1,F3 | Aug 21, 2017 | S | 35,656 | $165.8202 | D | 30,018 | D | |
| Common StockF1,F4 | Aug 21, 2017 | S | 17,818 | $166.7423 | D | 12,200 | D | |
| Common StockF1,F5 | Aug 21, 2017 | S | 7,600 | $167.9486 | D | 4,600 | D | |
| Common StockF1,F6 | Aug 21, 2017 | S | 4,600 | $168.7124 | D | 0 | D | |
| Common StockF7 | holding | — | — | — | 5,862,527 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $3.0314 | Aug 21, 2017 | M | 93,380 | D | Oct 1, 2007 | Oct 1, 2017 | Common Stock | 93,380 | 0 | D |
Explanation of responses
- F1Transaction made pursuant to duly adopted trading plan under Rule 10b5-1(c).
- F2This transaction was executed in multiple trades at prices ranging from $164.38 to $165.37. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3This transaction was executed in multiple trades at prices ranging from $165.38 to $166.37. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4This transaction was executed in multiple trades at prices ranging from $166.38 to $167.28. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5This transaction was executed in multiple trades at prices ranging from $167.47 to $168.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F6This transaction was executed in multiple trades at prices ranging from $168.49 to $168.94. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F7As Trustee of the Hastings-Quillin Family Trust