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NETFLIX INC Director's Dealing 2011

May 27, 2011

29748_dirs_2011-05-26_fd392494-048f-40de-94c9-cf0639fb620f.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2011-05-24

Reporting Person: WELLS DAVID B (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-24	Common Stock	M	427	$61.03	Acquired	427	Direct
2011-05-24	Common Stock	S	427	$249.99	Disposed	0	Direct
2011-05-24	Common Stock	M	374	$69.7	Acquired	374	Direct
2011-05-24	Common Stock	S	374	$249.99	Disposed	0	Direct
2011-05-24	Common Stock	M	347	$75	Acquired	347	Direct
2011-05-24	Common Stock	S	347	$249.99	Disposed	0	Direct
2011-05-24	Common Stock	M	255	$101.99	Acquired	255	Direct
2011-05-24	Common Stock	S	255	$249.99	Disposed	0	Direct
2011-05-24	Common Stock	M	243	$107.29	Acquired	243	Direct
2011-05-24	Common Stock	S	243	$249.99	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-24	Non-Qualified Stock Option (right to buy)	$61.03	M	427	Disposed	2020-02-01	Common Stock (427)	Direct
2011-05-24	Non-Qualified Stock Option (right to buy)	$69.7	M	374	Disposed	2020-03-01	Common Stock (374)	Direct
2011-05-24	Non-Qualified Stock Option (right to buy)	$75	M	347	Disposed	2020-04-01	Common Stock (347)	Direct
2011-05-24	Non-Qualified Stock Option (right to buy)	$101.99	M	255	Disposed	2020-05-03	Common Stock (255)	Direct
2011-05-24	Non-Qualified Stock Option (right to buy)	$107.29	M	243	Disposed	2020-06-01	Common Stock (243)	Direct

Footnotes

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