SEC Form 4 · accession 0001190725-16-000481
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Aug 22, 2016
Accepted (ET)
Aug 23, 2016 · 6:00 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 | Aug 22, 2016 | M | 102,340 | $3.2586 | A | 102,340 | D | |
| Common StockF1,F2 | Aug 22, 2016 | S | 102,340 | $95.2115 | D | 0 | D | |
| Common StockF3 | 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 | $3.2586 | Aug 22, 2016 | M | 102,340 | D | Oct 2, 2006 | Oct 2, 2016 | Common Stock | 102,340 | 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 $94.96 to $95.49. 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.
- F3As Trustee of the Hastings-Quillin Family Trust