SEC Form 4 · accession 0001190725-16-000303
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Jan 19, 2016
Accepted (ET)
Jan 21, 2016 · 5:06 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 | Jan 19, 2016 | M | 86,933 | $3.8357 | A | 86,933 | D | |
| Common StockF1,F2 | Jan 19, 2016 | S | 23,942 | $106.30 | D | 62,991 | D | |
| Common StockF1,F3 | Jan 19, 2016 | S | 35,863 | $107.17 | D | 27,128 | D | |
| Common StockF1,F4 | Jan 19, 2016 | S | 18,835 | $108.06 | D | 8,293 | D | |
| Common StockF1,F5 | Jan 19, 2016 | S | 7,493 | $109.09 | D | 800 | D | |
| Common StockF1,F6 | Jan 19, 2016 | S | 800 | $109.82 | D | 0 | D | |
| Common StockF7 | holding | — | — | — | 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 | $3.8357 | Jan 19, 2016 | M | 86,933 | D | Mar 1, 2006 | Mar 1, 2016 | Common Stock | 86,933 | 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 $105.69 to $106.68. 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 $106.69 to $107.68. 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 $107.69 to $108.68. 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 $108.69 to $109.68. 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 $109.71 to $110.02. 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