NETFLIX INC — Director's Dealing 2011

May 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: McCORD PATRICIA J (Chief Talent Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-24	Common Stock	M	818	$101.88	Acquired	6138	Direct
2011-05-24	Common Stock	S	818	$250	Disposed	5320	Direct
2011-05-24	Common Stock	M	618	$134.91	Acquired	5938	Direct
2011-05-24	Common Stock	S	618	$250	Disposed	5320	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-24	Non-Qualified Stock Option (right to buy)	$101.88	M	818	Disposed	2020-08-02	Common Stock (818)	Direct
2011-05-24	Non-Qualified Stock Option (right to buy)	$134.91	M	618	Disposed	2020-09-01	Common Stock (618)	Direct

Footnotes

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