NETFLIX INC — Director's Dealing 2004

Aug 26, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2004-08-26

Reporting Person: DILLON THOMAS R (Chief Operations Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-26	Common Stock	M	1933	$1.5	Acquired	75214	Direct
2004-08-26	Common Stock	S	1933	$15.61	Disposed	73281	Direct
2004-08-26	Common Stock	M	567	$1.5	Acquired	73848	Direct
2004-08-26	Common Stock	S	567	$15.61	Disposed	73281	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-26	Non-Qualified Stock Option (right to buy)	$1.5	M	1933	Disposed	2011-07-18	Common Stock (1933)	Direct
2004-08-26	Non-Qualified Stock Option (right to buy)	$1.5	M	567	Disposed	2011-07-18	Common Stock (567)	Direct

Footnotes

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