Sec Form 4 Filing - Hoag Jay C @ NETFLIX INC - 2020-11-10

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Hoag Jay C
2. Issuer Name and Ticker or Trading Symbol
NETFLIX INC [ NFLX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O TECHNOLOGY CROSSOVER VENTURES, 250 MIDDLEFIELD ROAD
3. Date of Earliest Transaction (MM/DD/YY)
11/10/2020
(Street)
MENLO PARK, CA94025
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 11/10/2020 M 1,561 A $ 32.04 1,561 D ( 1 )
Common Stock 11/10/2020 M 1,407 A $ 35.5886 2,968 D ( 1 )
Common Stock 11/10/2020 M 1,211 A $ 41.2857 4,179 D ( 1 )
Common Stock 11/10/2020 M 1,078 A $ 46.3743 5,257 D ( 1 )
Common Stock 11/10/2020 M 1,064 A $ 47.0386 6,321 D ( 1 )
Common Stock 11/10/2020 M 959 A $ 51.9886 7,280 D ( 1 )
Common Stock 11/10/2020 M 966 A $ 51.8314 8,246 D ( 1 )
Common Stock 11/10/2020 M 868 A $ 57.7686 9,114 D ( 1 )
Common Stock 11/10/2020 M 784 A $ 63.6271 9,898 D ( 1 )
Common Stock 11/10/2020 M 959 A $ 52.0986 10,857 D ( 1 )
Common Stock 11/10/2020 M 1,043 A $ 48.0743 11,900 D ( 1 )
Common Stock 11/10/2020 M 826 A $ 60.2943 12,726 D ( 1 )
Common Stock 11/10/2020 M 742 A $ 67.5857 13,468 D ( 1 )
Common Stock 11/10/2020 M 826 A $ 60.7714 14,294 D ( 1 )
Common Stock 11/10/2020 M 735 A $ 68.0857 15,029 D ( 1 )
Common Stock 11/10/2020 M 798 A $ 62.6857 15,827 D ( 1 )
Common Stock 11/10/2020 M 903 A $ 55.4871 16,730 D ( 1 )
Common Stock 11/10/2020 M 1,022 A $ 48.83 17,752 D ( 1 )
Common Stock 11/10/2020 M 1,001 A $ 49.8486 18,753 D ( 1 )
Common Stock 11/10/2020 M 791 A $ 63.01 19,544 D ( 1 )
Common Stock 11/10/2020 M 728 A $ 68.6071 20,272 D ( 1 )
Common Stock 11/10/2020 M 847 A $ 59.0171 21,119 D ( 1 )
Common Stock 11/10/2020 S 21,119 D $ 467.8871 ( 2 ) 0 D ( 1 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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) $ 32.04 11/10/2020 M 1,561 07/01/2013 07/01/2023 Common Stock 1,561 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 35.5886 11/10/2020 M 1,407 08/01/2013 08/01/2023 Common Stock 1,407 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 41.2857 11/10/2020 M 1,211 09/03/2013 09/03/2023 Common Stock 1,211 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 46.3743 11/10/2020 M 1,078 10/01/2013 10/01/2023 Common Stock 1,078 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 47.0386 11/10/2020 M 1,064 11/01/2013 11/01/2023 Common Stock 1,064 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 51.9886 11/10/2020 M 959 12/02/2013 12/02/2023 Common Stock 959 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 51.8314 11/10/2020 M 966 01/02/2014 01/02/2024 Common Stock 966 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 57.7686 11/10/2020 M 868 02/03/2014 02/03/2024 Common Stock 868 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 63.6271 11/10/2020 M 784 03/03/2014 03/03/2024 Common Stock 784 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 52.0986 11/10/2020 M 959 04/01/2014 04/01/2024 Common Stock 959 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 48.0743 11/10/2020 M 1,043 05/01/2014 05/01/2024 Common Stock 1,043 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 60.2943 11/10/2020 M 826 06/02/2014 06/02/2024 Common Stock 826 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 67.5857 11/10/2020 M 742 07/01/2014 07/01/2024 Common Stock 742 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 60.7714 11/10/2020 M 826 08/01/2014 08/01/2024 Common Stock 826 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 68.0857 11/10/2020 M 735 09/02/2014 09/02/2024 Common Stock 735 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 62.6857 11/10/2020 M 798 10/01/2014 10/01/2024 Common Stock 798 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 55.4871 11/10/2020 M 903 11/01/2014 11/01/2024 Common Stock 903 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 48.83 11/10/2020 M 1,022 12/01/2014 12/01/2024 Common Stock 1,022 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 49.8486 11/10/2020 M 1,001 01/02/2015 01/02/2025 Common Stock 1,001 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 63.01 11/10/2020 M 791 02/02/2015 02/02/2025 Common Stock 791 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 68.6071 11/10/2020 M 728 03/02/2015 03/02/2025 Common Stock 728 $ 0 ( 3 ) 0 D ( 1 )
Non-Qualified Stock Option (right to buy) $ 59.0171 11/10/2020 M 847 04/01/2015 04/01/2025 Common Stock 847 $ 0 ( 3 ) 0 D ( 1 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hoag Jay C
C/O TECHNOLOGY CROSSOVER VENTURES
250 MIDDLEFIELD ROAD
MENLO PARK, CA94025
X
Signatures
Frederic D. Fenton Authorized signatory for Jay C. Hoag 11/12/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Jay C. Hoag has sole voting and dispositive power over the options he holds directly. However, TCV VII Management, L.L.C. and TCV VIII Management, L.L.C. collectively have a right to 100% of the pecuniary interest in such options. Mr. Hoag is a Member of TCV VII Management, L.L.C. and TCV VIII 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.
( 2 )This number represents a weighted average sale price per share. The shares were sold at prices ranging from $467.65 to $468.60 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.
( 3 )Not applicable.

Remarks:
This Form 4 is filed by one Reporting Person and is a joint filing with the Form 4 filed by Jay C. Hoag on November 12, 2020 and relates to the same transactions.

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).
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