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Netflix, Inc. (NFLX) Message Board

  • koolsdguy koolsdguy Jan 31, 2014 5:51 PM Flag

    Why did director Groegory Peters sell almost 5k shares yesterday at $400?

    If you look at da SEC filling Gregory Peterz sold almost 4900 or 5000 shares at $400 a pop on 1/30

    Why would he do that?

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • They are all "automatic sells" meaning the transactions were part of a trading plan previously set up pursuant to SEC Rule 105b-1.

    • To buy a Ferrari F12 Berlinetta, a Porsche 911 Turbo S, a Lambo LP720-4 and still have plenty left to build a killer garage/shop. He wasn't the only insider selling.

      Insider Relation Last Date Transaction Type OwnerType Shares Traded Last Price Shares Held
      PETERS GREGORY K Officer 01/28/2014 Automatic Sell direct 4,911 400.0000 1,870
      CRANZ TAWNI Officer 01/28/2014 Automatic Sell direct 658 400.0000
      KILGORE LESLIE J Director 01/28/2014 Automatic Sell direct 2,394 405.0000 13,028
      HASTINGS REED Officer 01/27/2014 Automatic Sell direct 15,238 387.3900
      HALEY TIMOTHY M Director 01/24/2014 Automatic Sell direct 11,417 384.1600 2,300
      HALEY TIMOTHY M Director 01/24/2014 Automatic Sell direct 2,300 389.3900
      KILGORE LESLIE J Director 01/23/2014 Automatic Sell direct 5,929 387.0900 13,028
      HUNT NEIL D Officer 01/02/2014 Automatic Sell direct 5,000 366.8200 80,786
      HASTINGS REED Officer 12/26/2013 Automatic Sell direct 15,238 378.1100
      PETERS GREGORY K Officer 12/13/2013 Automatic Sell direct 2,211 376.1500 1,870
      HUNT NEIL D Officer 12/02/2013 Automatic Sell direct 5,000 365.0000 80,786
      HASTINGS REED Officer 11/25/2013 Automatic Sell direct 15,238 346.9000
      HYMAN DAVID A Officer 11/18/2013 Automatic Sell direct 2,174 350.0000 5,230
      PETERS GREGORY K Officer 11/18/2013 Automatic Sell direct 1,873 350.0000 1,870
      HYMAN DAVID A Officer 11/08/2013 Automatic Sell direct 11,769 326.9200 5,23

    • Because he knows the stock should be trading at $60

    • He would prefer 2M in cash over 5k in shares.

    • I am guessing he made a boatload of money and he wanted to pocket some

 
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