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: HYMAN DAVID A (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-24	Common Stock	M	2380	$29.23	Acquired	5360	Direct
2011-05-24	Common Stock	S	2380	$250	Disposed	2980	Direct
2011-05-24	Common Stock	M	2380	$25.35	Acquired	5360	Direct
2011-05-24	Common Stock	S	2380	$250	Disposed	2980	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-24	Non-Qualified Stock Option (right to buy)	$25.35	M	2380	Disposed	2013-12-01	Common Stock (2380)	Direct
2011-05-24	Non-Qualified Stock Option (right to buy)	$29.23	M	2380	Disposed	2013-11-03	Common Stock (2380)	Direct

Footnotes

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