NETFLIX INC — Director's Dealing 2004

Feb 24, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2004-02-23

Reporting Person: MCCARTHY W BARRY JR (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-23	Common Stock	M	2086	$1.5	Acquired	58898	Direct
2004-02-23	Common Stock	F	86	$36.4	Disposed	58812	Direct
2004-02-23	Common Stock	S	1000	$34.77	Disposed	57812	Direct
2004-02-23	Common Stock	S	1000	$34.81	Disposed	56812	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-23	Warrant	$1.5	M	2086	Disposed	2006-07-10	Common Stock (2086)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13332	Indirect

Footnotes

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

F2: By Peter Dudley McCarthy Trust - 2001 u/i dtd. Dec. 31, 2001