SEC Form 4 · accession 0001190725-16-000459
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Jul 21, 2016
Accepted (ET)
Jul 25, 2016 · 5:12 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 | Jul 21, 2016 | M | 116,431 | $2.86 | A | 116,431 | D | |
| Common StockF1,F2 | Jul 21, 2016 | S | 41,261 | $85.7359 | D | 75,170 | D | |
| Common StockF1,F3 | Jul 21, 2016 | S | 48,236 | $86.7047 | D | 26,934 | D | |
| Common StockF1,F4 | Jul 21, 2016 | S | 25,534 | $87.6638 | D | 1,400 | D | |
| Common StockF1,F5 | Jul 21, 2016 | S | 1,400 | $88.3229 | D | 0 | D | |
| Common StockF6 | holding | — | — | — | 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 | $2.86 | Jul 21, 2016 | M | 116,431 | D | Sep 1, 2006 | Sep 1, 2016 | Common Stock | 116,431 | 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 $85.24 to $86.21. 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 $86.24 to $87.23. 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 $87.24 to $88.23. 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 $88.24 to $88.37. 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