NETFLIX INC — Director's Dealing 2013

Oct 31, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2013-10-28

Reporting Person: HOAG JAY C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-28	Common Stock	S	27236	$312.631	Disposed	1080812	Indirect
2013-10-28	Common Stock	S	14144	$312.631	Disposed	561285	Indirect
2013-10-28	Common Stock	S	235	$312.631	Disposed	9348	Indirect
2013-10-28	Common Stock	S	32575	$313.3215	Disposed	1048237	Indirect
2013-10-28	Common Stock	S	16917	$313.3215	Disposed	544368	Indirect
2013-10-28	Common Stock	S	282	$313.3215	Disposed	9066	Indirect
2013-10-28	Common Stock	S	26251	$314.2909	Disposed	1021986	Indirect
2013-10-28	Common Stock	S	13633	$314.2909	Disposed	530735	Indirect
2013-10-28	Common Stock	S	227	$314.2909	Disposed	8839	Indirect
2013-10-28	Common Stock	S	4909	$315.4279	Disposed	1017077	Indirect
2013-10-28	Common Stock	S	2549	$315.4279	Disposed	528186	Indirect
2013-10-28	Common Stock	S	42	$315.4279	Disposed	8797	Indirect
2013-10-28	Common Stock	S	10858	$316.5194	Disposed	1006219	Indirect
2013-10-28	Common Stock	S	5639	$316.5194	Disposed	522547	Indirect
2013-10-28	Common Stock	S	94	$316.5194	Disposed	8703	Indirect
2013-10-28	Common Stock	S	3311	$317.3736	Disposed	1002908	Indirect
2013-10-28	Common Stock	S	1719	$317.3736	Disposed	520828	Indirect
2013-10-28	Common Stock	S	29	$317.3736	Disposed	8674	Indirect
2013-10-28	Common Stock	S	4123	$318.6259	Disposed	998785	Indirect
2013-10-28	Common Stock	S	2141	$318.6259	Disposed	518687	Indirect
2013-10-28	Common Stock	S	36	$318.6259	Disposed	8638	Indirect
2013-10-28	Common Stock	S	1505	$319.4112	Disposed	997280	Indirect
2013-10-28	Common Stock	S	782	$319.4112	Disposed	517905	Indirect
2013-10-28	Common Stock	S	13	$319.4112	Disposed	8625	Indirect
2013-10-28	Common Stock	S	2946	$320.5261	Disposed	994334	Indirect
2013-10-28	Common Stock	S	1530	$320.5261	Disposed	516375	Indirect
2013-10-28	Common Stock	S	26	$320.5261	Disposed	8599	Indirect

Footnotes

F1: This number represents a weighted average sale price per share. The shares were sold at prices ranging from $311.93 to $312.92 per share. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F2: These securities are directly held by TCV VII, L.P. Jay C. Hoag ("Hoag") and eight other individuals (collectively, the "Class A Directors") are Class A Directors of Technology Crossover Management VII, Ltd. ("Management VII") and limited partners of Technology Crossover Management VII, L.P. ("TCM VII"). Management VII is the general partner of TCM VII, which is the general partner of TCV VII, L.P. The Class A Directors, Management VII and TCM VII may be deemed to beneficially own the securities held by TCV VII, L.P., but each of the Class A Directors, Management VII and TCM VII disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.

F3: These securities are directly held by TCV VII (A), L.P. The Class A Directors are Class A Directors of Management VII and limited partners of TCM VII . Management VII is the general partner of TCM VII, which is the general partner of TCV VII (A), L.P. The Class A Directors, Management VII and TCM VII may be deemed to beneficially own the securities held by TCV VII (A), L.P., but each of the Class A Directors, Management VII and TCM VII disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.

F4: These securities are directly held by TCV Member Fund, L.P. ("Member Fund"). The Class A Directors are Class A Directors of Management VII, which is a general partner of Member Fund, and limited partners of Member Fund. The Class A Directors and Management VII may be deemed to beneficially own the securities held by Member Fund, but each of the Class A Directors and Management VII disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.

F5: This number represents a weighted average sale price per share. The shares were sold at prices ranging from $312.93 to $313.92 per share. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F6: This number represents a weighted average sale price per share. The shares were sold at prices ranging from $313.93 to $314.88 per share. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F7: This number represents a weighted average sale price per share. The shares were sold at prices ranging from $314.96 to $315.90 per share. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F8: This number represents a weighted average sale price per share. The shares were sold at prices ranging from $316.04 to $317.03 per share. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F9: This number represents a weighted average sale price per share. The shares were sold at prices ranging from $317.05 to $317.95 per share. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F10: This number represents a weighted average sale price per share. The shares were sold at prices ranging from $318.11 to $319.02 per share. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F11: This number represents a weighted average sale price per share. The shares were sold at prices ranging from $319.12 to $319.65 per share. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F12: This number represents a weighted average sale price per share. The shares were sold at prices ranging from $320.17 to $321.09 per share. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.