NETFLIX INC — Director's Dealing 2011

Jan 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2011-01-03

Reporting Person: HUNT NEIL D (Chief Product Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-03	Common Stock	M	1699	$42.15	Acquired	70673	Direct
2011-01-03	Common Stock	M	2301	$44.62	Acquired	72974	Direct
2011-01-03	Common Stock	S	4000	$178.67	Disposed	68974	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-03	Non-Qualified Stock Option (right to buy)	$42.15	M	1699	Disposed	2019-09-01	Common Stock (1699)	Direct
2011-01-03	Non-Qualified Stock Option (right to buy)	$44.62	M	2301	Disposed	2019-10-01	Common Stock (2301)	Direct
2011-01-03	Non-Qualified Stock Option (right to buy)	$178.41	A	1012	Acquired	2021-01-03	Common Stock (1012)	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 $178.64 to $178.72. 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.