SEC Form 4 · accession 0001190725-17-000052
NETFLIX INC · NFLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reed Hastings
Officer — CEO · Director
Period of report
Feb 21, 2017
Accepted (ET)
Feb 22, 2017 · 6:42 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 | Feb 21, 2017 | M | 84,469 | $3.3543 | A | 84,469 | D | |
| Common StockF1,F2 | Feb 21, 2017 | S | 62,067 | $142.5816 | D | 22,402 | D | |
| Common StockF1,F3 | Feb 21, 2017 | S | 22,402 | $143.0758 | D | 0 | D | |
| Common StockF4 | holding | — | — | — | 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 | $3.3543 | Feb 21, 2017 | M | 84,469 | D | Apr 2, 2007 | Apr 2, 2017 | Common Stock | 84,469 | 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 $141.84 to $142.83. 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 $142.84 to $143.37. 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.
- F4As Trustee of the Hastings-Quillin Family Trust