Like ronk said, the link explained it. The stock dividend will be payable on July 14, 2015 to holders of record at the close of business of July 2. Computershare Trust Company is the transfer agent in charge.
Folks who are purchasing Netflix shares from July 2-July 14 will receive a 'due-bill' entitling the buyer to receive six additional shares for each share purchased.
Netflix stock will trade regularly on July 15, 2015 (stock split will be completed). The whole July 2-July 14 grace time, due bill etc...think of this as IOU to not disrupt the stock split as it is taken place. Either way (before July 2 or after July 2), you will be receiving the 7-1 ratio split. Netflix outstanding shares are splitting, regardless; so investors will receive their fair share of the split. The stock split was widely expected after Netflix received shareholder's approval of proposal on June 9th. Netflix already filed with SEC and made announcement today of oncoming progress/split. As transparent as it can be, GLTYA!
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