NETFLIX INC — Director's Dealing 2011

Apr 29, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2011-04-28

Reporting Person: BATTLE A GEORGE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-28	Common Stock	M	1475	$27.11	Acquired	21475	Direct
2011-04-28	Common Stock	M	525	$26.85	Acquired	22000	Direct
2011-04-28	Common Stock	S	3000	$235.13	Disposed	19000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-28	Non-Qualified Stock Option (right to buy)	$26.85	M	525	Disposed	2016-03-01	Common Stock (525)	Direct
2011-04-28	Non-Qualified Stock Option (right to buy)	$27.11	M	1475	Disposed	2016-02-01	Common Stock (1475)	Direct

Footnotes

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

F2: This transaction was executed in multiple trades at prices ranging from $233.10 to $238.03. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.