NetFlix 2009 Annual Report Download - page 31

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Issuer Purchases of Equity Securities
Stock repurchases during the three months ended December 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
October 1, 2009—October 31,
2009 ....................... 1,147,383 $45.57 1,147,383 $178,030,792
November 1, 2009—November 30,
2009 ....................... 470,376 57.69 470,376 150,894,286
December 1, 2009—December 31,
2009 ....................... — — — 150,894,286
Total ......................... 1,617,759 $49.09 1,617,759 $150,894,286
On August 6, 2009, the Company announced that its Board of Directors authorized a stock repurchase plan
that enables the Company to repurchase up to $300 million of its common stock through the end of 2010. 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. Under this program,
the Company repurchased 3,197,459 shares of common stock at an average price of approximately $47 per share
for an aggregate amount of $149 million.
On January 26, 2009, the Company announced that its Board of Directors authorized a stock repurchase
program for 2009. Under this program, the Company repurchased 4,173,855 shares of common stock at an
average price of approximately $42 per share for an aggregate amount of approximately $175 million. This
program terminated on August 6, 2009.
On March 5, 2008, the Company’s Board of Directors authorized a stock repurchase program allowing the
Company to repurchase up to $150 million of its common stock through the end of 2008. Under this program, the
Company repurchased 3,491,084 shares of common stock at an average price of approximately $29 per share for
an aggregate amount of $100 million.
On January 31, 2008, the Company’s Board of Directors authorized a stock repurchase program allowing
the Company to repurchase up to $100 million of its common stock through the end of 2008. Under this program,
the Company repurchased 3,847,062 shares of common stock at an average price of approximately $26 per share
for an aggregate amount of $100 million.
On April 17, 2007, the Company’s Board of Directors authorized a stock repurchase program allowing the
Company to repurchase up to $100 million of its common stock through the end of 2007. During the year ended
December 31, 2007, the Company repurchased 4,733,788 shares of common stock at an average price of
approximately $21 per share for an aggregate amount of $100 million.
For further information regarding stock repurchase activity, see Note 7 of Notes to consolidated financial
statements.
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