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NETFLIX INC Director's Dealing 2003

Nov 7, 2003

29748_dirs_2003-11-07_9cf44c13-2270-4b39-8d42-9350e30e108f.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (nflx)
CIK: 0001065280
Period of Report: 2003-11-05

Reporting Person: SCHUH MICHAEL N (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2003-11-05 Common Stock J 1216 $58.72 Acquired 1216 Indirect
2003-11-05 Common Stock J 505 $58.72 Acquired 505 Indirect

Footnotes

F1: In-kind distribution from TCV II Strategic Partners, L.P. ("TCV II"). On 11/5/03, TCV II distributed 238,952 shares of stock to its partners, through which Mr. Schuh received 1,216 shares indirectly as Manager of Foundation Capital Management Co., LLC.

F2: Michael N. Schuh is a Manager of Foundation Capital Management Co., LLC, which is the General Partner of Foundation Capital, L.P. Mr. Schuh disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F3: In-kind distribution from TCV IV Strategic Partners, L.P. ("TCV IV"). On 11/5/03, TCV IV distributed 861,048 shares of stock to its partners, through which Mr. Schuh received 505 shares indirectly as General Partner of Foundation Capital Equity Partners II, LLC.

F4: Michael N. Schuh is a General Partner of Foundation Capital Equity Partners II, LLC. Mr. Schuh disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.