Amendment No. 3 to Schedule 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

 

 

NETFLIX, INC.


(Name of Issuer)

 

Common Stock, par value $0.001 per share


(Title of Class of Securities)

 

 

64110L 10 6


                                    (CUSIP Number)                                    

 

December 31, 2005


(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)

 

¨ Rule 13d-1(c)

 

x Rule 13d-1(d)

 

*   The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 


CUSIP No.64110L 10 6

 

  1.  

Names of Reporting Persons. REED HASTINGS

I.R.S. Identification Nos. of above persons (entities only).

 

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  ¨

   
  3.  

SEC Use Only

 

   
  4.  

Citizenship or Place of Organization

 

             UNITED STATES OF AMERICA

   

 

Number of

Shares

Beneficially

by Owned by

Each

Reporting

Person

With:

 

 

  5.    Sole Voting Power

 

                5,626,804

 

  6.    Shared Voting Power

 

 

  7.    Sole Dispositive Power

 

                5,626,804

 

  8.    Shared Dispositive Power

 

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

             5,626,804 SHARES

   
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

   
11.  

Percent of Class Represented by Amount in Row (9)

 

             9.95% (includes 1,817,956 shares issuable pursuant to options to purchase common stock exercisable within 60 days of December 31, 2005)

   
12.  

Type of Reporting Person (See Instructions)

 

             IN

   

 

 

Page 2 of 5 pages


Item 1.

                            
   

(a)

  

Name of Issuer

 

NETFLIX, INC.

         
   

(b)

  

Address of Issuer’s Principal Executive Offices

 

100 WINCHESTER CIRCLE

LOS GATOS, CA 95032

         

Item 2.

 

(a)

  

Name of Person Filing

 

REED HASTINGS

         
   

(b)

  

Address of Principal Business Office or, if none, Residence

 

100 WINCHESTER CIRCLE

LOS GATOS, CA 95032

         
   

(c)

  

Citizenship:

 

UNITED STATES OF AMERICA

         
   

(d)

  

Title of Class of Securities:

 

COMMON STOCK

         
   

(e)

  

CUSIP Number:    

 

64110L 10 6

         

Item 3.

  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:     
    (a)    ¨    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
    (b)    ¨    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
    (c)    ¨    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
    (d)    ¨    Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
    (e)    ¨    An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
    (f)    ¨    An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
    (g)    ¨    A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G);
    (h)    ¨    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    (i)    ¨    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
    (j)    ¨    Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

Page 3 of 5 pages


Item 4.

  

Ownership.

 

         

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

         
     (a)   

Amount beneficially owned:

 

5,626,804 (includes 1,817,956 shares issuable pursuant to options to purchase common stock exercisable within 60 days of December 31, 2005).

         
     (b)   

Percent of class:

 

9.95%

         
     (c)   

Number of shares as to which the person has:

 

         
          (i)    Sole power to vote or to direct the vote 5,626,804 (includes 1,817,956 shares issuable pursuant to options to purchase common stock exercisable within 60 days of December 31, 2005).          
          (ii)    Shared power to vote or to direct the vote: 0.          
          (iii)    Sole power to dispose or to direct the disposition of: 5,626,804 (includes 1,817,956 shares issuable pursuant to options to purchase common stock exercisable within 60 days of December 31, 2005).          
          (iv)    Shared power to dispose or to direct the disposition of: 0.          

Item 5.

  

Ownership of Five Percent or Less of a Class.

 

    

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨.

         

Item 6.

 

  

Ownership of More than Five Percent on Behalf of Another Person.

 

         

Not applicable.

         

Item 7.

  

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

 

Not applicable.

         

Item 8.

 

  

Identification and Classification of Members of the Group.

 

         

Not applicable.

         

Item 9.

 

  

Notice of Dissolution of Group.

 

         

Not applicable.

         

Item 10.

 

  

Certification.

 

         

Not applicable.

         

 

Page 4 of 5 pages


SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

2/9/06


Date

/s/ Reed Hastings


Signature

Reed Hastings /

Chief Executive Officer and President


Name/Title

 

Page 5 of 5 pages