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: KILGORE LESLIE J (Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-02	Common Stock	M	5841	$53.48	Acquired	35035	Direct
2011-05-02	Common Stock	M	4647	$53.8	Acquired	39682	Direct
2011-05-02	Common Stock	M	4293	$58.23	Acquired	43975	Direct
2011-05-02	Common Stock	M	5291	$61.03	Acquired	49266	Direct
2011-05-02	Common Stock	M	4633	$69.7	Acquired	53899	Direct
2011-05-02	Common Stock	M	4306	$75	Acquired	58205	Direct
2011-05-02	Common Stock	S	29011	$238.22	Disposed	29194	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-02	Non-Qualified Stock Option (right to buy)	$53.48	M	5841	Disposed	2020-01-04	Common Stock (5841)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$53.8	M	4647	Disposed	2019-11-02	Common Stock (4647)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$58.23	M	4293	Disposed	2019-12-01	Common Stock (4293)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$61.03	M	5291	Disposed	2020-02-01	Common Stock (5291)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$69.7	M	4633	Disposed	2020-03-01	Common Stock (4633)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$75	M	4306	Disposed	2020-04-01	Common Stock (4306)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$237.19	A	1929	Acquired	2021-05-02	Common Stock (1929)	Direct

Footnotes

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