SEC Form 4 · accession 0001190725-15-000162
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Jul 21, 2015
Accepted (ET)
Jul 23, 2015 · 7:49 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,F2 | Jul 21, 2015 | M | 108,829 | $3.0643 | A | 108,829 | D | |
| Common StockF1,F3 | Jul 21, 2015 | S | 93,929 | $109.84 | D | 14,900 | D | |
| Common StockF1,F4 | Jul 21, 2015 | S | 14,900 | $110.52 | D | 0 | D | |
| Common StockF5 | holding | — | — | — | 6,521,620 | 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 | $3.0643 | Jul 21, 2015 | M | 108,829 | D | Sep 1, 2005 | Sep 1, 2015 | Common Stock | 108,829 | 0 | D |
Explanation of responses
- F1Transaction made pursuant to duly adopted trading plan under Rule 10b5-1(c).
- F2A seven-for-one stock split became effective July 15, 2015. Amounts are shown post-split.
- F3This transaction was executed in multiple trades at prices ranging from $109.40 to $110.39. 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 $110.41 to $110.94. 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.
- F5As Trustee of the Hastings-Quillin Family Trust