SEC Form 4 · accession 0001190725-15-000032
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 5:26 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 | Feb 23, 2015 | M | 43,210 | $10.79 | A | 43,210 | D | |
| Common StockF1,F2 | Feb 23, 2015 | S | 4,540 | $472.84 | D | 38,670 | D | |
| Common StockF1,F3 | Feb 23, 2015 | S | 5,275 | $473.78 | D | 33,395 | D | |
| Common StockF1,F4 | Feb 23, 2015 | S | 6,349 | $475.02 | D | 27,046 | D | |
| Common StockF1,F5 | Feb 23, 2015 | S | 4,483 | $475.73 | D | 22,563 | D | |
| Common StockF1,F6 | Feb 23, 2015 | S | 18,795 | $476.88 | D | 3,768 | D | |
| Common StockF1,F7 | Feb 23, 2015 | S | 3,768 | $477.63 | D | 0 | D | |
| Common StockF8 | holding | — | — | — | 931,660 | 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 | $10.79 | Feb 23, 2015 | M | 43,210 | D | Mar 1, 2005 | Mar 1, 2015 | Common Stock | 43,210 | 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 $472.16 to $473.13. 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 $473.38 to $474.27. 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 $474.38 to $475.36. 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 $475.39 to $476.38. 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 $476.39 to $477.29. 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.
- F7This transaction was executed in multiple trades at prices ranging from $477.45 to $477.96. 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.
- F8As Trustee of the Hastings-Quillin Family Trust