SEC Form 4 · accession 0001190725-16-000560
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Nov 22, 2016
Accepted (ET)
Nov 23, 2016 · 7:15 pm EST
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 | Nov 22, 2016 | M | 74,564 | $3.8014 | A | 74,564 | D | |
| Common StockF1,F2 | Nov 22, 2016 | S | 48,648 | $117.7579 | D | 25,916 | D | |
| Common StockF1,F3 | Nov 22, 2016 | S | 23,964 | $118.4442 | D | 1,952 | D | |
| Common StockF1,F4 | Nov 22, 2016 | S | 1,952 | $119.2393 | D | 0 | D | |
| Common StockF5 | holding | — | — | — | 5,882,827 | 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 | $3.8014 | Nov 22, 2016 | M | 74,564 | D | Jan 3, 2007 | Jan 3, 2017 | Common Stock | 74,564 | 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 $117.09 to $118.08. 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 $118.09 to $119.06. 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 $119.13 to $119.35. 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