SEC Form 4 · accession 0001190725-15-000120
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
May 20, 2015
Accepted (ET)
May 22, 2015 · 5:46 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 | May 20, 2015 | M | 32,140 | $14.50 | A | 32,140 | D | |
| Common StockF1 | May 20, 2015 | M | 20,129 | $16.55 | A | 52,269 | D | |
| Common StockF1,F2 | May 20, 2015 | S | 13,000 | $612.22 | D | 39,269 | D | |
| Common StockF1,F3 | May 20, 2015 | S | 16,585 | $613.22 | D | 22,684 | D | |
| Common StockF1,F4 | May 20, 2015 | S | 13,168 | $614.19 | D | 9,516 | D | |
| Common StockF1,F5 | May 20, 2015 | S | 4,924 | $615.30 | D | 4,592 | D | |
| Common StockF1,F6 | May 20, 2015 | S | 2,724 | $616.30 | D | 1,868 | D | |
| Common StockF1,F7 | May 20, 2015 | S | 1,868 | $617.40 | 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 | $14.50 | May 20, 2015 | M | 32,140 | D | Jun 1, 2005 | Jun 1, 2015 | Common Stock | 32,140 | 0 | D |
| Non-Qualified Stock Option (right to buy)F1 | $16.55 | May 20, 2015 | M | 20,129 | D | Jul 1, 2005 | Jul 1, 2015 | Common Stock | 20,129 | 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 $611.76 to $612.74. 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 $612.76 to $613.75. 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 $613.76 to $614.75. 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 $614.84 to $615.83. 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 $615.85 to $616.79. 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 $616.88 to $617.50. 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