Netflix' issued an initial public offering in May of 2002. Prior to its IPO, the following information on shares outstanding was listed in the final prospectus: Percent of Shares Outstanding Number of Shares Beneficially Before Name and Address Jay C. Hoag Owned Offering After Offering 8,555,137 43.3% 33.9% Technology Crossover Management IV, L.L.C. 6,399,348 34.1 26.4 Reed Hastings 3,150,760 20.0 14.8 Michael N. Schuh 2,636,954 15.8 11.9 Timothy M. Haley and Institutional Venture Management VIII, LLC 2,250,513 14.3 10.6 Maria van der Sluijz-Plantz 2,060,776 13.6 10.0 Technology Crossover Management II, L.L.C. 1,989,751 12.4 Foundation Capital Management Co. II, LLC 1,096,933 7.4 Marc B. Randolph Leslie J. Kilgore Thomas R. Dillon W. Barry McCarthy, Jr. A. Robert Pisano Richard N. Barton Michael Ramsay 839,997 5.5 2 354 9.2 5.3 4.0 320,665 2.1 1.5 315,331 2.0 1.5 279,668 1.8 1.3 66,666 * 50,000 50,000 All directors and executive officers as a group (10 persons) 17,675,687 75.1% 60.9% Netflix issues 5,500,000 new shares in the IPO process, at an offer price of $15.00. Fees paid to the investment bankers were $1.05 per share. Shares of Netflix went up 11.67% to close at $16.75 at the end of the first day of trading.