NETFLIX INC — Director's Dealing 2011

May 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2011-05-02

Reporting Person: WELLS DAVID B (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-02	Common Stock	M	130	$14.5	Acquired	168	Direct
2011-05-02	Common Stock	M	140	$29.6	Acquired	308	Direct
2011-05-02	Common Stock	M	216	$28.51	Acquired	524	Direct
2011-05-02	Common Stock	M	149	$23.48	Acquired	673	Direct
2011-05-02	Common Stock	M	158	$22.15	Acquired	831	Direct
2011-05-02	Common Stock	M	165	$21.22	Acquired	996	Direct
2011-05-02	Common Stock	M	133	$26.29	Acquired	1129	Direct
2011-05-02	Common Stock	M	147	$23.78	Acquired	1276	Direct
2011-05-02	Common Stock	M	133	$26.35	Acquired	1409	Direct
2011-05-02	Common Stock	M	180	$36.95	Acquired	1589	Direct
2011-05-02	Common Stock	M	194	$34.35	Acquired	1783	Direct
2011-05-02	Common Stock	M	155	$42.87	Acquired	1938	Direct
2011-05-02	Common Stock	M	150	$44.48	Acquired	2088	Direct
2011-05-02	Common Stock	M	163	$40.94	Acquired	2251	Direct
2011-05-02	Common Stock	M	164	$40.62	Acquired	2415	Direct
2011-05-02	Common Stock	M	148	$44.97	Acquired	2563	Direct
2011-05-02	Common Stock	M	158	$42.15	Acquired	2721	Direct
2011-05-02	Common Stock	M	149	$44.62	Acquired	2870	Direct
2011-05-02	Common Stock	M	124	$53.8	Acquired	2994	Direct
2011-05-02	Common Stock	M	114	$58.23	Acquired	3108	Direct
2011-05-02	Common Stock	M	156	$53.48	Acquired	3264	Direct
2011-05-02	Common Stock	S	3264	$238.22	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-02	Non-Qualified Stock Option (right to buy)	$14.5	M	130	Disposed	2015-06-01	Common Stock (130)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$21.22	M	165	Disposed	2017-10-01	Common Stock (165)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$22.15	M	158	Disposed	2017-05-01	Common Stock (158)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$23.48	M	149	Disposed	2017-04-02	Common Stock (149)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$23.78	M	147	Disposed	2017-12-03	Common Stock (147)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$26.29	M	133	Disposed	2017-11-01	Common Stock (133)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$26.35	M	133	Disposed	2018-01-02	Common Stock (133)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$28.51	M	216	Disposed	2016-06-01	Common Stock (216)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$29.6	M	140	Disposed	2016-05-01	Common Stock (140)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$34.35	M	194	Disposed	2019-03-02	Common Stock (194)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$36.95	M	180	Disposed	2019-02-02	Common Stock (180)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$40.62	M	164	Disposed	2019-07-01	Common Stock (164)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$40.94	M	163	Disposed	2019-06-01	Common Stock (163)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$42.15	M	158	Disposed	2019-09-01	Common Stock (158)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$42.87	M	155	Disposed	2019-04-01	Common Stock (155)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$44.48	M	150	Disposed	2019-05-01	Common Stock (150)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$44.62	M	149	Disposed	2019-10-01	Common Stock (149)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$44.97	M	148	Disposed	2019-08-03	Common Stock (148)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$53.48	M	156	Disposed	2020-01-04	Common Stock (156)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$53.8	M	124	Disposed	2019-11-02	Common Stock (124)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$58.23	M	114	Disposed	2019-12-01	Common Stock (114)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$237.19	A	615	Acquired	2021-05-02	Common Stock (615)	Direct

Footnotes

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