SEC Form 4 · accession 0001190725-15-000262
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Nov 23, 2015
Accepted (ET)
Nov 24, 2015 · 7:05 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 | Nov 23, 2015 | M | 89,607 | $3.7214 | A | 89,607 | D | |
| Common StockF1,F2 | Nov 23, 2015 | S | 4,600 | $122.47 | D | 85,007 | D | |
| Common StockF1,F3 | Nov 23, 2015 | S | 15,799 | $123.40 | D | 69,208 | D | |
| Common StockF1,F4 | Nov 23, 2015 | S | 29,145 | $124.54 | D | 40,063 | D | |
| Common StockF1,F5 | Nov 23, 2015 | S | 38,159 | $125.39 | D | 1,904 | D | |
| Common StockF1,F6 | Nov 23, 2015 | S | 1,904 | $126.08 | D | 0 | D | |
| Common StockF7 | 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 | $3.7214 | Nov 23, 2015 | M | 89,607 | D | Jan 3, 2006 | Jan 3, 2016 | Common Stock | 89,607 | 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 $121.85 to $122.82. 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 $122.91 to $123.90. 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 $123.97 to $124.96. 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.
- F5This transaction was executed in multiple trades at prices ranging from $124.97 to $125.91. 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 $125.97 to $126.13. 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.
- F7As Trustee of the Hastings-Quillin Family Trust