Statement of Changes in Beneficial Ownership (4)
May 21 2020 - 5:50PM
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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OMB APPROVAL
OMB Number:
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)
5/20/2020 |
(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 | 5/20/2020 | | M | | 53193 (1) | A | $15.6657 | 53193 | D | |
Common Stock | 5/20/2020 | | S | | 1000 (1) | D | $444.632 (2) | 52193 | D | |
Common Stock | 5/20/2020 | | S | | 4100 (1) | D | $445.6822 (3) | 48093 | D | |
Common Stock | 5/20/2020 | | S | | 6947 (1) | D | $446.8198 (4) | 41146 | D | |
Common Stock | 5/20/2020 | | S | | 12639 (1) | D | $447.7562 (5) | 28507 | D | |
Common Stock | 5/20/2020 | | S | | 8272 (1) | D | $448.7522 (6) | 20235 | D | |
Common Stock | 5/20/2020 | | S | | 6137 (1) | D | $449.7357 (7) | 14098 | D | |
Common Stock | 5/20/2020 | | S | | 2418 (1) | D | $451.0346 (8) | 11680 | D | |
Common Stock | 5/20/2020 | | S | | 1583 (1) | D | $451.6226 (9) | 10097 | D | |
Common Stock | 5/20/2020 | | S | | 3293 (1) | D | $452.9287 (10) | 6804 | D | |
Common Stock | 5/20/2020 | | S | | 4815 (1) | D | $454.1212 (11) | 1989 | D | |
Common Stock | 5/20/2020 | | S | | 1989 (1) | D | $455.0191 (12) | 0 | D | |
Common Stock | | | | | | | | 5235392 | I | by Trust (13) |
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) | $15.6657 | 5/20/2020 | | M | | | 53193 (1) | 7/1/2010 | 7/1/2020 | Common Stock | 53193 | $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 $444.18 to $445.03. 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. |
(3) | This transaction was executed in multiple trades at prices ranging from $445.29 to $446.28. 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 $446.29 to $447.27. 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 $447.29 to $448.27. 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 $448.29 to $449.25. 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. |
(7) | This transaction was executed in multiple trades at prices ranging from $449.30 to $450.27. 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 $450.36 to $451.35. 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. |
(9) | This transaction was executed in multiple trades at prices ranging from $451.36 to $452.32. 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 $452.45 to $453.39. 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 $453.55 to $454.54. 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 $454.56 to $455.27. 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) | 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 | | 5/21/2020 |
**Signature of Reporting Person | Date |
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