NETFLIX INC — Director's Dealing 2004

Mar 9, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2004-03-08

Reporting Person: HASTINGS REED (Director, CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-01	Common Stock	G	10000	—	Disposed	4322280	Direct
2004-03-08	Common Stock	M	2500	$1.5	Acquired	4324780	Direct
2004-03-08	Common Stock	S	2500	$33.05	Disposed	4322280	Direct
2004-03-08	Common Stock	S	7500	$33.05	Disposed	4314780	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-08	Non-Qualified Stock Option (right to buy)	$1.5	M	2500	Disposed	2011-07-18	Common Stock (2500)	Direct

Footnotes

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