NETFLIX INC — Director's Dealing 2011

Jan 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2011-01-28

Reporting Person: HALEY TIMOTHY M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-28	Common Stock	M	1704	$23.48	Acquired	1704	Direct
2011-01-28	Common Stock	M	1805	$22.15	Acquired	3509	Direct
2011-01-28	Common Stock	M	1855	$21.57	Acquired	5364	Direct
2011-01-28	Common Stock	M	2053	$19.48	Acquired	7417	Direct
2011-01-28	Common Stock	M	2331	$17.16	Acquired	9748	Direct
2011-01-28	Common Stock	M	1100	$18.14	Acquired	10848	Direct
2011-01-28	Common Stock	M	1726	$22.81	Acquired	12574	Direct
2011-01-28	Common Stock	M	1451	$27.55	Acquired	14025	Direct
2011-01-28	Common Stock	M	1357	$29.46	Acquired	15382	Direct
2011-01-28	Common Stock	M	1504	$26.61	Acquired	16886	Direct
2011-01-28	Common Stock	M	1761	$22.73	Acquired	18647	Direct
2011-01-28	Common Stock	M	1751	$22.83	Acquired	20398	Direct
2011-01-28	Common Stock	S	20398	$211.28	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-28	Non-Qualified Stock Option (right to buy)	$17.16	M	2331	Disposed	2017-08-01	Common Stock (2331)	Direct
2011-01-28	Non-Qualified Stock Option (right to buy)	$18.14	M	1100	Disposed	2017-09-04	Common Stock (1100)	Direct
2011-01-28	Non-Qualified Stock Option (right to buy)	$19.48	M	2053	Disposed	2017-07-02	Common Stock (2053)	Direct
2011-01-28	Non-Qualified Stock Option (right to buy)	$21.57	M	1855	Disposed	2017-06-01	Common Stock (1855)	Direct
2011-01-28	Non-Qualified Stock Option (right to buy)	$22.15	M	1805	Disposed	2017-05-01	Common Stock (1805)	Direct
2011-01-28	Non-Qualified Stock Option (right to buy)	$22.73	M	1761	Disposed	2017-02-01	Common Stock (1761)	Direct
2011-01-28	Non-Qualified Stock Option (right to buy)	$22.81	M	1726	Disposed	2016-10-02	Common Stock (1726)	Direct
2011-01-28	Non-Qualified Stock Option (right to buy)	$22.83	M	1751	Disposed	2017-03-01	Common Stock (1751)	Direct
2011-01-28	Non-Qualified Stock Option (right to buy)	$23.48	M	1704	Disposed	2017-04-02	Common Stock (1704)	Direct
2011-01-28	Non-Qualified Stock Option (right to buy)	$26.61	M	1504	Disposed	2017-01-03	Common Stock (1504)	Direct
2011-01-28	Non-Qualified Stock Option (right to buy)	$27.55	M	1451	Disposed	2016-11-01	Common Stock (1451)	Direct
2011-01-28	Non-Qualified Stock Option (right to buy)	$29.46	M	1357	Disposed	2016-12-01	Common Stock (1357)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $211.20 to $211.41. 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.