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: BATTLE A GEORGE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-24	Common Stock	M	965	$26.85	Acquired	19965	Direct
2011-05-24	Common Stock	M	35	$28.13	Acquired	19035	Direct
2011-05-24	Common Stock	S	1500	$250	Disposed	17500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-24	Non-Qualified Stock Option (right to buy)	$26.85	M	965	Disposed	2016-03-01	Common Stock (965)	Direct
2011-05-24	Non-Qualified Stock Option (right to buy)	$28.13	M	35	Disposed	2016-04-03	Common Stock (35)	Direct

Footnotes

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