SEC Form 4 · accession 0001190725-15-000099
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Apr 27, 2015
Accepted (ET)
Apr 29, 2015 · 5:16 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 | Apr 27, 2015 | M | 40,369 | $11.57 | A | 40,369 | D | |
| Common StockF1,F2 | Apr 27, 2015 | S | 5,800 | $562.22 | D | 34,569 | D | |
| Common StockF1,F3 | Apr 27, 2015 | S | 7,769 | $563.18 | D | 26,800 | D | |
| Common StockF1,F4 | Apr 27, 2015 | S | 10,450 | $564.34 | D | 16,350 | D | |
| Common StockF1,F5 | Apr 27, 2015 | S | 14,850 | $565.17 | D | 1,500 | D | |
| Common StockF1,F6 | Apr 27, 2015 | S | 1,500 | $565.98 | D | 0 | D | |
| Common StockF7 | 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 | $11.57 | Apr 27, 2015 | M | 40,369 | D | May 2, 2005 | May 2, 2015 | Common Stock | 40,369 | 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 $561.65 to $562.645. 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 $562.65 to $563.625. 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 $563.70 to $564.69. 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 $564.71 to $565.70. 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 $565.71 to $566.37. 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.
- F7As Trustee of the Hastings-Quillin Family Trust