NETFLIX INC — Director's Dealing 2004

Jul 20, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2004-07-19

Reporting Person: SCHUH MICHAEL N (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-19	Common Stock	P	48701	$20.4495	Acquired	404221	Indirect
2004-07-19	Common Stock	P	1299	$20.4495	Acquired	10779	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2432	Indirect
Common Stock	1010	Indirect
Common Stock	50096	Indirect

Footnotes

F1: Michael N. Schuh is a Manager of FC Leadership Management Co., LLC, which is the general partner of Foundation Capital Leadership Fund, L.P. and the sole manager of Foundation Capital Leadership Principals Fund, LLC. Michael N. Schuh disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

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

F3: Michael N. Schuh is a Partner of Foundation Capital Equity Partners II, L.P. Michael N. Schuh disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F4: Shares held by Michael N. Schuh as a trustee of the Michael N. and Mary G. Schuh 1990 Family Trust.