SEC Form 4 · accession 0001190725-15-000281
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Dec 21, 2015
Accepted (ET)
Dec 22, 2015 · 6:15 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 | Dec 21, 2015 | M | 86,037 | $3.8729 | A | 86,037 | D | |
| Common StockF1,F2 | Dec 21, 2015 | S | 31,587 | $116.2182 | D | 54,450 | D | |
| Common StockF1,F3 | Dec 21, 2015 | S | 30,952 | $117.1722 | D | 23,498 | D | |
| Common StockF1,F4 | Dec 21, 2015 | S | 19,265 | $118.2324 | D | 4,233 | D | |
| Common StockF1,F5 | Dec 21, 2015 | S | 4,233 | $119.1484 | D | 0 | D | |
| Common StockF6 | Dec 10, 2015 | G | 348,000 | $0.00 | D | 6,173,620 | 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 | $3.8729 | Dec 21, 2015 | M | 86,037 | D | Feb 1, 2006 | Feb 1, 2016 | Common Stock | 86,037 | 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 $115.75 to $116.72. 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 $116.75 to $117.74. 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.
- F4This transaction was executed in multiple trades at prices ranging from $117.76 to $118.75. 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 $118.78 to $119.51. 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.
- F6As Trustee of the Hastings-Quillin Family Trust