SEC Form 4 · accession 0001065280-17-000275
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Dec 21, 2017
Accepted (ET)
Dec 22, 2017 · 5:27 pm EST
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 | Dec 21, 2017 | M | 91,861 | $3.6271 | A | 91,861 | D | |
| Common StockF1,F2 | Dec 21, 2017 | S | 18,394 | $188.2264 | D | 73,467 | D | |
| Common StockF1,F3 | Dec 21, 2017 | S | 61,708 | $189.0335 | D | 11,759 | D | |
| Common StockF1,F4 | Dec 21, 2017 | S | 10,575 | $190.1756 | D | 1,184 | D | |
| Common StockF1,F5 | Dec 21, 2017 | S | 1,184 | $190.7181 | D | 0 | D | |
| Common StockF6 | 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 | $3.6271 | Dec 21, 2017 | M | 91,861 | D | Feb 1, 2008 | Feb 1, 2018 | Common Stock | 91,861 | 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 $187.62 to $188.61. 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 $188.62 to $189.61. 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 $189.62 to $190.60. 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 $190.62 to $190.92. 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.
- F6As Trustee of the Hastings-Quillin Family Trust