SEC Form 4 · accession 0001190725-16-000432
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Jun 20, 2016
Accepted (ET)
Jun 22, 2016 · 5:25 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 | Jun 20, 2016 | M | 113,708 | $2.9286 | A | 113,708 | D | |
| Common StockF1,F2 | Jun 20, 2016 | S | 44,914 | $94.179 | D | 68,794 | D | |
| Common StockF1,F3 | Jun 20, 2016 | S | 59,192 | $95.2154 | D | 9,602 | D | |
| Common StockF1,F4 | Jun 20, 2016 | S | 9,602 | $95.7318 | D | 0 | D | |
| Common StockF5 | Jun 20, 2016 | G | 5,330 | $0.00 | D | 6,162,827 | 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 | $2.9286 | Jun 20, 2016 | M | 113,708 | D | Aug 1, 2006 | Aug 1, 2016 | Common Stock | 113,708 | 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 $93.65 to $94.63. 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 $94.67 to $95.66. 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 $95.67 to $95.87. 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.
- F5As Trustee of the Hastings-Quillin Family Trust