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: HUNT NEIL D (Chief Product Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-02	Common Stock	M	2492	$61.03	Acquired	73366	Direct
2011-05-02	Common Stock	M	1508	$69.7	Acquired	74874	Direct
2011-05-02	Common Stock	M	1000	$1.5	Acquired	75874	Direct
2011-05-02	Common Stock	S	5000	$238.22	Disposed	70874	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-02	Incentive Stock Option (right to buy)	$1.5	M	1000	Disposed	2012-02-27	Common Stock (1000)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$61.03	M	2492	Disposed	2020-02-01	Common Stock (2492)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$69.7	M	1508	Disposed	2020-03-01	Common Stock (1508)	Direct
2011-05-02	Non-Qualified Stock Option (right to buy)	$237.19	A	1581	Acquired	2021-05-02	Common Stock (1581)	Direct

Footnotes

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