NETFLIX INC — Director's Dealing 2012

Feb 24, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2012-02-23

Reporting Person: HASTINGS REED (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-23	Common Stock	M	76500	$1.5	Acquired	76500	Direct
2012-02-23	Common Stock	S	76500	$111.44	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-23	Non-Qualified Stock Option (right to buy)	$1.5	M	76500	Disposed	2012-02-27	Common Stock (76500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1087215	Indirect

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 $111.44 to $111.67. 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.

F3: As Trustee of the Hastings-Quillin Family Trust