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: TECHNOLOGY CROSSOVER MANAGEMENT IV LLC (10% Owner)
Reporting Person: TCV IV LP (10% Owner)
Reporting Person: TCV IV STRATEGIC PARTNERS LP (GP of fund owns <10%)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
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	Direct
2003-11-05	Common Stock	J	53	—	Acquired	165624	Direct
2003-11-05	Common Stock	J	155156	—	Disposed	10468	Direct
2003-11-06	Common Stock	S	4766	$55.75	Disposed	5702	Direct

Footnotes

F1: 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 2.

F2: Reporting person is the general partner of the Limited Partnerships IV. Reporting person may be deemed to own the shares held by the Limited Partnerships IV but reporting person disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.

F3: Acquisition by Technology Crossover Management IV, L.L.C. ("TCM IV") pusuant to a pro-rata in kind distribution by TCV IV, L.P. without consideration. Please see footnote 2.

F4: Acquisition by TCM IV pusuant to a pro-rata in kind distribution by TCV IV Strategic Partners, L.P. without consideration. Please see footnote 2.

F5: In-kind pro-rata distribution from TCM IV to its members, without consideration. Please see footnote 2.