Statement of Changes in Beneficial Ownership (4)
22 April 2020 - 8:54AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
HASTINGS REED |
2. Issuer Name and Ticker or Trading Symbol
NETFLIX INC
[
NFLX
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO |
(Last)
(First)
(Middle)
100 WINCHESTER CIRCLE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/20/2020 |
(Street)
LOS GATOS, CA 95032
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 4/20/2020 | | M | | 54369 (1) | A | $15.3271 | 54369 | D | |
Common Stock | 4/20/2020 | | S | | 1300 (1) | D | $431.4415 (2) | 53069 | D | |
Common Stock | 4/20/2020 | | S | | 1542 (1) | D | $432.5265 (3) | 51527 | D | |
Common Stock | 4/20/2020 | | S | | 900 (1) | D | $433.5344 (4) | 50627 | D | |
Common Stock | 4/20/2020 | | S | | 1200 (1) | D | $434.3008 (5) | 49427 | D | |
Common Stock | 4/20/2020 | | S | | 2616 (1) | D | $435.5541 (6) | 46811 | D | |
Common Stock | 4/20/2020 | | S | | 3900 (1) | D | $436.6738 (7) | 42911 | D | |
Common Stock | 4/20/2020 | | S | | 9704 (1) | D | $437.5483 (8) | 33207 | D | |
Common Stock | 4/20/2020 | | S | | 7361 (1) | D | $438.539 (9) | 25846 | D | |
Common Stock | 4/20/2020 | | S | | 9918 (1) | D | $439.5659 (10) | 15928 | D | |
Common Stock | 4/20/2020 | | S | | 4705 (1) | D | $440.5995 (11) | 11223 | D | |
Common Stock | 4/20/2020 | | S | | 6001 (1) | D | $441.5756 (12) | 5222 | D | |
Common Stock | 4/20/2020 | | S | | 3322 (1) | D | $442.6007 (13) | 1900 | D | |
Common Stock | 4/20/2020 | | S | | 1700 (1) | D | $443.4194 (14) | 200 | D | |
Common Stock | 4/20/2020 | | S | | 200 (1) | D | $444.225 (15) | 0 | D | |
Common Stock | | | | | | | | 5251392 | I | by Trust (16) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Non-Qualified Stock Option (right to buy) | $15.3271 | 4/20/2020 | | M | | | 54369 (1) | 6/1/2010 | 6/1/2020 | Common Stock | 54369 | $0.0 | 0 | D | |
Explanation of Responses: |
(1) | Transaction made pursuant to duly adopted trading plan under Rule 10b5-1(c). |
(2) | This transaction was executed in multiple trades at prices ranging from $431.00 to $431.87. 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. |
(3) | This transaction was executed in multiple trades at prices ranging from $432.01 to $432.94. 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. |
(4) | This transaction was executed in multiple trades at prices ranging from $433.01 to $433.93. 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. |
(5) | This transaction was executed in multiple trades at prices ranging from $434.04 to $434.81. 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. |
(6) | This transaction was executed in multiple trades at prices ranging from $435.04 to $435.99. 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. |
(7) | This transaction was executed in multiple trades at prices ranging from $436.04 to $437.03. 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. |
(8) | This transaction was executed in multiple trades at prices ranging from $437.05 to $438.04. 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. |
(9) | This transaction was executed in multiple trades at prices ranging from $438.06 to $439.05. 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. |
(10) | This transaction was executed in multiple trades at prices ranging from $439.06 to $440.05. 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. |
(11) | This transaction was executed in multiple trades at prices ranging from $440.08 to $441.06. 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. |
(12) | This transaction was executed in multiple trades at prices ranging from $441.14 to $442.13. 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. |
(13) | This transaction was executed in multiple trades at prices ranging from $442.18 to $443.11. 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. |
(14) | This transaction was executed in multiple trades at prices ranging from $443.19 to $443.95. 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. |
(15) | This transaction was executed in multiple trades at prices ranging from $444.20 to $444.25. 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. |
(16) | As Trustee of the Hastings-Quillin Family Trust |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
HASTINGS REED 100 WINCHESTER CIRCLE LOS GATOS, CA 95032 | X |
| CEO |
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Signatures
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By: Veronique Bourdeau, Authorized Signatory For: Reed Hastings | | 4/21/2020 |
**Signature of Reporting Person | Date |
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