SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SARANDOS THEODORE A

(Last) (First) (Middle)
100 WINCHESTER CIRCLE

(Street)
LOS GATOS CA 95032

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NETFLIX INC [ NFLX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Content Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/30/2015
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/30/2015 M 17,171(1) A $33.8843 17,171 D
Common Stock 07/30/2015 M 16,828(1) A $34.5843 33,999 D
Common Stock 07/30/2015 M 15,239(1) A $38.18 49,238 D
Common Stock 07/30/2015 M 21,077(1) A $35.5886 70,315 D
Common Stock 07/30/2015 M 15,463(1) A $37.6257 85,778 D
Common Stock 07/30/2015 M 15,197(1) A $38.2843 100,975 D
Common Stock 07/30/2015 M 18,165(1) A $41.2857 119,140 D
Common Stock 07/30/2015 M 16,170(1) A $46.3743 135,310 D
Common Stock 07/30/2015 M 15,946(1) A $47.0386 151,256 D
Common Stock 07/30/2015 M 19,068(1) A $48.0743 170,324 D
Common Stock 07/30/2015 M 18,774(1) A $48.83 189,098 D
Common Stock 07/30/2015 M 18,389(1) A $49.8486 207,487 D
Common Stock 07/30/2015 S 127,966(1) D $106.03(2) 79,521 D
Common Stock 07/30/2015 S 79,521(1) D $106.71(3) 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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) $33.8843 07/30/2015 M 17,171(1) 05/02/2011 05/02/2021 Common Stock 17,171 $0.0 0 D
Non-Qualified Stock Option (right to buy) $34.5843 07/30/2015 M 16,828(1) 04/01/2011 04/01/2021 Common Stock 16,828 $0.0 0 D
Non-Qualified Stock Option (right to buy) $35.5886 07/30/2015 M 21,077(1) 08/01/2013 08/01/2023 Common Stock 21,077 $0.0 0 D
Non-Qualified Stock Option (right to buy) $37.6257 07/30/2015 M 15,463(1) 08/01/2011 08/01/2021 Common Stock 15,463 $0.0 0 D
Non-Qualified Stock Option (right to buy) $38.18 07/30/2015 M 15,239(1) 06/01/2011 06/01/2021 Common Stock 15,239 $0.0 0 D
Non-Qualified Stock Option (right to buy) $38.2843 07/30/2015 M 15,197(1) 07/01/2011 07/01/2021 Common Stock 15,197 $0.0 0 D
Non-Qualified Stock Option (right to buy) $41.2857 07/30/2015 M 18,165(1) 09/03/2013 09/03/2023 Common Stock 18,165 $0.0 0 D
Non-Qualified Stock Option (right to buy) $46.3743 07/30/2015 M 16,170(1) 10/01/2013 10/01/2023 Common Stock 16,170 $0.0 0 D
Non-Qualified Stock Option (right to buy) $47.0386 07/30/2015 M 15,946(1) 11/01/2013 11/01/2023 Common Stock 15,946 $0.0 0 D
Non-Qualified Stock Option (right to buy) $48.0743 07/30/2015 M 19,068(1) 05/01/2014 05/01/2024 Common Stock 19,068 $0.0 0 D
Non-Qualified Stock Option (right to buy) $48.83 07/30/2015 M 18,774(1) 12/01/2014 12/01/2024 Common Stock 18,774 $0.0 0 D
Non-Qualified Stock Option (right to buy) $49.8486 07/30/2015 M 18,389(1) 01/02/2015 01/02/2025 Common Stock 18,389 $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 $105.40 to $106.39. 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.
3. This transaction was executed in multiple trades at prices ranging from $106.40 to $107.30. 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.
By: Carole Payne, Authorized Signatory For: Theodore A. Sarandos 08/03/2015
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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