NFLX » Topics » Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

This excerpt taken from the NFLX 10-Q filed May 8, 2009.

Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

Stock repurchases during the three months ended March 31, 2009 were as follows:

 

Period

   Total Number of
Shares Purchased
   Average Price
Paid per Share
   Total Number of Shares
Purchased as Part of
Publicly Announced
Programs
   Maximum Dollar Value that
May Yet Be Purchased
Under the Program (1)

January 1, 2009 - January 31, 2009

   —      $ —      —      $ —  

February 1, 2009 - February 28, 2009

   879,737      36.45    879,737      142,936,055

March 1, 2009 - March 31, 2009

   296,806      35.90    296,806      132,281,188
                       

Total

   1,176,543    $ 36.31    1,176,543    $ 132,281,188
                       

 

(1) On January 26, 2009, the Company announced that its Board of Directors authorized a stock repurchase program for 2009. Based on the Board’s authorization, the Company anticipates repurchasing up to $132 million during the second through fourth quarters of 2009. The timing and actual number of shares repurchased will depend on various factors including price, corporate and regulatory requirements, alternative investment opportunities and other market conditions.

 

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This excerpt taken from the NFLX 10-Q filed Aug 9, 2006.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

(d) Use of Proceeds:

 

We continue to maintain approximately $72.0 million of the net proceeds from our initial public offering in May 2002 in cash and cash equivalents.

 

This excerpt taken from the NFLX 10-Q filed May 9, 2006.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

(d) Use of Proceeds:

 

We continue to maintain approximately $72.0 million of the net proceeds from our initial public offering in May 2002 in cash and cash equivalents.

 

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