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Filing Details

Accession Number:: 0001082906-15-000031
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-07-24 18:16:20
Reporting Period:: 2015-07-22

Filing Date:: 2015-07-24
Accepted Time:: 2015-07-24 18:16:20
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1065280	Netflix Inc	NFLX	Services-Video Tape Rental (7841)	770467272

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1082906	C Jay Hoag	C/O Technology Crossover Ventures 528 Ramona Street Palo Alto CA 94301		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2015-07-22	1,308,931	$0.00	3,295,508	No	4	J	Indirect	TCV VII, L.P.
Common Stock	Disposition	2015-07-22	679,750	$0.00	1,711,415	No	4	J	Indirect	TCV VII (A), L.P.
Common Stock	Disposition	2015-07-22	11,319	$0.00	28,497	No	4	J	Indirect	TCV Member Fund, L.P.
Common Stock	Acquisiton	2015-07-22	859	$0.00	386,832	No	4	J	Indirect	The Hoag Family Trust U/A DTD 08/02/1994
Common Stock	Acquisiton	2015-07-22	859	$0.00	2,364	No	4	J	Indirect	Hamilton Investments II, Limited Partnership
Common Stock	Acquisiton	2015-07-23	3,101	$16.11	3,101	No	4	M	Direct
Common Stock	Acquisiton	2015-07-23	4,305	$11.62	7,406	No	4	M	Direct
Common Stock	Acquisiton	2015-07-23	3,801	$13.14	11,207	No	4	M	Direct
Common Stock	Disposition	2015-07-23	9,407	$110.36	1,800	No	4	S	Direct
Common Stock	Disposition	2015-07-23	1,800	$110.94	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	TCV VII, L.P.
No	4	J	Indirect	TCV VII (A), L.P.
No	4	J	Indirect	TCV Member Fund, L.P.
No	4	J	Indirect	The Hoag Family Trust U/A DTD 08/02/1994
No	4	J	Indirect	Hamilton Investments II, Limited Partnership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2015-07-23	3,101	$0.00	3,101	$16.11
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2015-07-23	4,305	$0.00	4,305	$11.62
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2015-07-23	3,801	$0.00	3,801	$13.14

Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2012-03-01	2022-03-01	No	4	M	Direct
2012-05-01	2022-05-01	No	4	M	Direct
2013-01-02	2023-01-02	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	43,386	Indirect	Hamilton Investments Limited Partnership

Footnotes

In kind pro-rata distribution from TCV VII, L.P. ("TCV VII") to its partners, without consideration.
On July 15, 2015, the common stock of Netflix, Inc. split 7-for-1, resulting in TCV VII's ownership of 3,946,662 additional shares of common stock prior to the transactions reported herein.
These shares are directly held by TCV VII. Jay C. Hoag is a Class A Director of Technology Crossover Management VII, Ltd. ("Management VII") and a limited partner of Technology Crossover Management VII, L.P. ("TCM VII"). Management VII is the sole general partner of TCM VII, which is the sole general partner of TCV VII. Mr. Hoag may be deemed to beneficially own the shares held by TCV VII but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
In kind pro-rata distribution from TCV VII (A), L.P. ("TCV VII (A)") to its partners, without consideration.
On July 15, 2015, the common stock of Netflix, Inc. split 7-for-1, resulting in TCV VII(A)'s ownership of 2,049,570 additional shares of common stock prior to the transactions reported herein.
These shares are directly held by TCV VII (A). Jay C. Hoag is a Class A Director of Management VII and a limited partner of TCM VII. Management VII is the sole general partner of TCM VII, which is the sole general partner of TCV VII (A). Mr. Hoag may be deemed to beneficially own the shares held by TCV VII (A) but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
In kind pro-rata distribution from TCV Member Fund, L.P. ("Member Fund") to its partners, without consideration.
On July 15, 2015, the common stock of Netflix, Inc. split 7-for-1, resulting in Member Fund's ownership of 34,128 additional shares of common stock prior to the transactions reported herein.
These shares are directly held by Member Fund. Jay C. Hoag is a limited partner of Member Fund and a Class A Director of Management VII. Management VII is a general partner of Member Fund. Mr. Hoag may be deemed to beneficially own the shares held by Member Fund but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Acquisition by the The Hoag Family Trust U/A/ DTD 08/02/1994 pursuant to an in kind pro-rata distribution by Member Fund to its partners, without consideration.
On July 15, 2015, the common stock of Netflix, Inc. split 7-for-1, resulting in The Hoag Family Trust U/A/ DTD 08/02/1994's ownership of 330,834 additional shares of common stock prior to the transactions reported herein.
These shares are held by The Hoag Family Trust U/A DTD 08/02/1994. Jay C. Hoag is a trustee of The Hoag Family Trust U/A DTD 08/02/1994. Mr. Hoag disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Acquisition by the Hamilton Investments II, Limited Partnership pursuant to an in kind pro-rata distribution by Member Fund to its partners, without consideration.
On July 15, 2015, the common stock of Netflix, Inc. split 7-for-1, resulting in Hamilton Investments II, Limited Partnership's ownership of 1,290 additional shares of common stock prior to the transactions reported herein.
These shares are held by Hamilton Investments II, Limited Partnership. Jay C. Hoag is the general partner of Hamilton Investments II, Limited Partnership. Mr. Hoag disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Jay C. Hoag has sole voting and dispositive power over the options he holds directly. However, TCV VII Management, L.L.C. has a right to 100% of the pecuniary interest in such options. Mr. Hoag is a Member of TCV VII Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such options and the shares to be received upon the exercise of such options except to the extent of his pecuniary interest therein.
This number represents a weighted average sale price per share. The shares were sold at prices ranging from $109.90 to $110.88 per share. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
This number represents a weighted average sale price per share. The shares were sold at prices ranging from $110.90 to $110.99 per share. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
On July 15, 2015, the common stock of Netflix, Inc. split 7-for-1, resulting in Hamilton Investments Limited Partnership's ownership of 37,188 additional shares of common stock prior to the transactions reported herein.
These shares are held by Hamilton Investments Limited Partnership. Jay C. Hoag is the sole general partner and a limited partner of Hamilton Investments Limited Partnership. Mr. Hoag disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
This option was previously reported as covering 443 shares at an exercise price of $112.75 per share, but was adjusted to reflect the stock split that occurred on July 15, 2015.
Not Applicable.
This option was previously reported as covering 615 shares at an exercise price of $81.36 per share, but was adjusted to reflect the stock split that occurred on July 15, 2015.
This option was previously reported as covering 543 shares at an exercise price of $92.01 per share, but was adjusted to reflect the stock split that occurred on July 15, 2015.