NETFLIX INC — Director's Dealing 2011

Feb 2, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2010-12-10

Reporting Person: HUNT NEIL D (Chief Product Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-10	Common Stock	G	100	—	Disposed	68874	Direct
2011-02-01	Common Stock	M	686	$44.62	Acquired	69560	Direct
2011-02-01	Common Stock	M	2966	$44.97	Acquired	72526	Direct
2011-02-01	Common Stock	M	348	$53.48	Acquired	72874	Direct
2011-02-01	Common Stock	S	4000	$214.84	Disposed	68874	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-01	Non-Qualified Stock Option (right to buy)	$44.62	M	686	Disposed	2019-10-01	Common Stock (686)	Direct
2011-02-01	Non-Qualified Stock Option (right to buy)	$44.97	M	2966	Disposed	2019-08-03	Common Stock (2966)	Direct
2011-02-01	Non-Qualified Stock Option (right to buy)	$53.48	M	348	Disposed	2020-01-04	Common Stock (348)	Direct
2011-02-01	Non-Qualified Stock Option (right to buy)	$212.9	A	1761	Acquired	2021-02-01	Common Stock (1761)	Direct

Footnotes

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