SEC Form 4 · accession 0001190725-16-000578
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Dec 21, 2016
Accepted (ET)
Dec 22, 2016 · 5:09 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 | Dec 21, 2016 | M | 87,297 | $3.2471 | A | 87,297 | D | |
| Common StockF1,F2 | Dec 21, 2016 | S | 15,754 | $125.7084 | D | 71,543 | D | |
| Common StockF1,F3 | Dec 21, 2016 | S | 43,423 | $126.6861 | D | 28,120 | D | |
| Common StockF1,F4 | Dec 21, 2016 | S | 28,120 | $127.3455 | D | 0 | D | |
| Common StockF5 | Dec 21, 2016 | G | 20,300 | $0.00 | D | 5,862,527 | 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 | $3.2471 | Dec 21, 2016 | M | 87,297 | D | Feb 1, 2007 | Feb 1, 2017 | Common Stock | 87,297 | 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 $125.10 to $126.09. 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 $126.10 to $127.09. 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 $127.10 to $127.68. 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