NETFLIX INC — Director's Dealing 2003

Nov 7, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: HOAG JAY C (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-05	Common Stock	J	3034	—	Disposed	13051	Indirect
2003-11-05	Common Stock	J	91871	—	Disposed	401747	Indirect
2003-11-05	Common Stock	J	14260	—	Disposed	61338	Indirect
2003-11-05	Common Stock	J	71807	—	Disposed	308869	Indirect
2003-11-05	Common Stock	J	15431	—	Disposed	54813	Indirect
2003-11-05	Common Stock	J	679	—	Acquired	679	Indirect
2003-11-05	Common Stock	J	22437	—	Acquired	23116	Indirect
2003-11-05	Common Stock	J	3193	—	Acquired	26309	Indirect
2003-11-05	Common Stock	J	16075	—	Acquired	42384	Indirect
2003-11-05	Common Stock	J	165	—	Acquired	42549	Indirect
2003-11-05	Common Stock	J	42549	—	Disposed	0	Indirect
2003-11-05	Common Stock	J	12353	—	Acquired	12353	Indirect
2003-11-05	Common Stock	J	664524	—	Disposed	2610792	Indirect
2003-11-05	Common Stock	J	30900	—	Disposed	97354	Indirect
2003-11-05	Common Stock	J	165571	—	Acquired	165571	Indirect
2003-11-05	Common Stock	J	53	—	Acquired	165624	Indirect
2003-11-05	Common Stock	J	155156	—	Disposed	10468	Indirect
2003-11-05	Common Stock	J	3194	—	Acquired	15547	Indirect
2003-11-05	Common Stock	J	29110	—	Acquired	44657	Indirect
2003-11-06	Common Stock	S	4766	$55.75	Disposed	5702	Indirect

Footnotes

F1: In-kind pro-rata distribution from Technology Crossover Ventures II, L.P., Technology Crossover Ventures II, C.V., TCV II, V.O.F., TCV II (Q), L.P. and TCV II Strategic Partners, L.P. (collectively, the "Limited Partnerships II") to their Partners, without consideration. Please see footnote 4.

F2: In-kind pro-rata distribution from TCV IV, L.P. and TCV IV Strategic Partners, L.P. (collectively, the "Limited Partnerships IV") to their Partners, without consideration. Please see footnote 4.

F3: Acquisition by The Hoag Family Trust U/A Dtd 8/2/94, a limited partner of TCV IV Strategic Partners, L.P. pursuant to pro-rata in kind distribution by TCV IV Strategic Partners, L.P. to is partners without consideration. Please see footnote 5.

F4: Reporting person is a managing member of Technology Crossover Management II, L.L.C. ("TCM II") which is the general partner of Limited Partnerships II. Reporting person is also a managing member of Technology Crossover Management IV, L.L.C. ("TCM IV") which is the general partner of the Limited Partnerships IV. Reporting person, TCM II and TCM IV may be deemed to own the shares held by the Limited Partnerships II and Limited Partnerships IV but reporting person, TCM II and TCM IV disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein.

F5: Reporting person is a trustee of The Hoag Family Trust U/A Dtd 8/2/94 .

F6: Acquisition by TCM IV pusuant to a pro-rata in kind distribution by TCV IV, L.P. without consideration. Please see footnote 4.

F7: Acquisition by TCM IV pusuant to a pro-rata in kind distribution by TCV IV Strategic Partners, L.P. without consideration. Please see footnote 4.

F8: Acquisition by TCM II pusuant to a pro-rata in kind distribution by TCV II, V.O.F. without consideration. Please see footnote 4.

F9: Acquisition by TCM II pusuant to a pro-rata in kind distribution by Technology Crossover Ventures II, L.P. without consideration. Please see footnote 4.

F10: Acquisition by TCM II pusuant to a pro-rata in kind distribution by Technology Crossover Ventures II, C.V. without consideration. Please see footnote 4.

F11: Acquisition by TCM II pusuant to a pro-rata in kind distribution by TCV II (Q), L.P. without consideration. Please see footnote 4.

F12: Acquisition by TCM II pusuant to a pro-rata in kind distribution by TCV II Strategic Partners L.P. without consideration. Please see footnote 4.

F13: In-kind pro-rata distribution from TCM II to its members, without consideration. Please see footnote 4.

F14: Acquisition by The Hoag Family Trust U/A Dtd 8/2/94 from TCM IV, pursuant to pro-rata in kind distribution by TCM IV to its members without consideration. Please see footnote 5.

F15: Acquisition by The Hoag Family Trust U/A Dtd 8/2/94 from TCM II, pursuant to pro-rata in kind distribution by TCM II to its members without consideration. Please see footnote 5.

F16: In-kind pro-rata distribution from TCM IV to its members, without consideration. Please see footnote 4.