NETFLIX INC — Director's Dealing 2011

Jan 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2011-01-19

Reporting Person: Giancarlo Charles H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-19	Common Stock	M	2331	$17.16	Acquired	2331	Direct
2011-01-19	Common Stock	S	2331	$192.81	Disposed	0	Direct
2011-01-19	Common Stock	S	834	$192.81	Disposed	9166	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-19	Non-Qualified Stock Option (right to buy)	$17.16	M	2331	Disposed	2017-08-01	Common Stock (2331)	Direct

Footnotes

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

F2: As Trustee of the Giancarlo Family Trust