Netflix director reports sale of 247,359 shares, 14.5% ownership

By Lisa Kerner

Charlotte, N.C., May 8 - Affiliates of Netflix, Inc. director Jay C. Hoag sold a total of 247,359 shares of the company's stock on April 29 and April 30 priced from $45.40 to $45.80 each, according to a schedule 13D/A filed on Friday with the Securities and Exchange Commission.

Hoag beneficially owns 8,515,348 shares, or 14.5%, of the Los Gatos, Calif., online movie rental subscription services company.

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