SEC Form 4 · accession 0001190725-16-000333
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Feb 22, 2016
Accepted (ET)
Feb 25, 2016 · 3:51 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 | Feb 22, 2016 | M | 82,978 | $4.0186 | A | 82,978 | D | |
| Common StockF1,F2 | Feb 22, 2016 | S | 3,582 | $88.92 | D | 79,396 | D | |
| Common StockF1,F3 | Feb 22, 2016 | S | 10,423 | $89.91 | D | 68,973 | D | |
| Common StockF1,F4 | Feb 22, 2016 | S | 18,632 | $90.91 | D | 50,341 | D | |
| Common StockF1,F5 | Feb 22, 2016 | S | 36,316 | $91.87 | D | 14,025 | D | |
| Common StockF1,F6 | Feb 22, 2016 | S | 14,025 | $92.67 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF1 | $4.0186 | Feb 22, 2016 | M | 82,978 | D | Apr 3, 2006 | Apr 3, 2016 | Common Stock | 82,978 | 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 $88.39 to $89.38. 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 $89.41 to $90.40. 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 $90.41 to $91.40. 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 $91.41 to $92.40. 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 $92.41 to $93.08. 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.