NETFLIX INC — Director's Dealing 2004

Sep 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2004-09-01

Reporting Person: DILLON THOMAS R (Chief Operations Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-02	Common Stock	M	2500	$1.5	Acquired	75781	Direct
2004-09-02	Common Stock	S	2500	$14.1	Disposed	73281	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-02	Non-Qualified Stock Option (right to buy)	$1.5	M	2500	Disposed	2011-07-18	Common Stock (2500)	Direct
2004-09-01	Non-Qualified Stock Option (right to buy)	$14.27	J	1634	Acquired	2014-09-01	Common Stock (1634)	Direct

Footnotes

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