SEC Form 4 · accession 0001190725-16-000383
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Apr 20, 2016
Accepted (ET)
Apr 22, 2016 · 5:38 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 | Apr 20, 2016 | M | 81,816 | $4.0729 | A | 81,816 | D | |
| Common StockF1,F2 | Apr 20, 2016 | S | 4,301 | $93.61 | D | 77,515 | D | |
| Common StockF1,F3 | Apr 20, 2016 | S | 4,100 | $94.59 | D | 73,415 | D | |
| Common StockF1,F4 | Apr 20, 2016 | S | 52,919 | $95.79 | D | 20,496 | D | |
| Common StockF1,F5 | Apr 20, 2016 | S | 20,496 | $96.51 | D | 0 | D | |
| Common StockF6 | 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 | $4.0729 | Apr 20, 2016 | M | 81,816 | D | Jun 1, 2006 | Jun 1, 2016 | Common Stock | 81,816 | 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 $93.16 to $94.08. 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.
- F3This transaction was executed in multiple trades at prices ranging from $94.16 to $95.12. 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 $95.19 to $96.18. 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 $96.19 to $96.97. 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