SEC Form 4 · accession 0001190725-16-000532
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Oct 20, 2016
Accepted (ET)
Oct 21, 2016 · 5:07 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 | Oct 20, 2016 | M | 79,149 | $4.2086 | A | 79,149 | D | |
| Common StockF1,F2 | Oct 20, 2016 | S | 25,804 | $121.68 | D | 53,345 | D | |
| Common StockF1,F3 | Oct 20, 2016 | S | 26,673 | $122.57 | D | 26,672 | D | |
| Common StockF1,F4 | Oct 20, 2016 | S | 26,672 | $123.27 | D | 0 | D | |
| Common StockF5 | 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 | $4.2086 | Oct 20, 2016 | M | 79,149 | D | Dec 1, 2006 | Dec 1, 2016 | Common Stock | 79,149 | 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 121.08 to 122.07. 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 122.08 to 123.07. 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 123.08 to 123.66. 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.
- F5As Trustee of the Hastings-Quillin Family Trust