NETFLIX INC — Director's Dealing 2003

Dec 30, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2003-12-30

Reporting Person: KILGORE LESLIE J (VP of Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-29	Common Stock	M	293	$3	Acquired	4293	Direct
2003-12-29	Common Stock	S	293	$58.51	Disposed	4000	Direct
2003-12-29	Common Stock	M	767	$3	Acquired	4767	Direct
2003-12-29	Common Stock	S	767	$58.51	Disposed	4000	Direct
2003-12-29	Common Stock	M	1940	$3	Acquired	5940	Direct
2003-12-29	Common Stock	S	1940	$58.51	Disposed	4000	Direct
2003-12-29	Common Stock	M	9000	$3	Acquired	13000	Direct
2003-12-30	Common Stock	S	4000	$58.51	Disposed	9000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-29	Incentive Stock Option (right to buy)	$3	M	9000	Disposed	2011-01-24	Common Stock (9000)	Direct
2003-12-29	Non-Qualified Stock Option (right to buy)	$3	M	293	Disposed	2010-08-16	Common Stock (293)	Direct
2003-12-29	Non-Qualified Stock Option (right to buy)	$3	M	767	Disposed	2011-01-24	Common Stock (767)	Direct
2003-12-29	Non-Qualified Stock Option (right to buy)	$3	M	1940	Disposed	2012-02-27	Common Stock (1940)	Direct

Footnotes

F1: Disposition made pursuant to duly adopted trading plan under Rule 10b5-1(c).