NETFLIX INC — Director's Dealing 2013

Apr 30, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2013-04-25

Reporting Person: HOAG JAY C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-25	Common Stock	S	42974	$213.8654	Disposed	1482623	Indirect
2013-04-25	Common Stock	S	22317	$213.8654	Disposed	769952	Indirect
2013-04-25	Common Stock	S	372	$213.8654	Disposed	12822	Indirect
2013-04-25	Common Stock	S	25352	$214.7652	Disposed	1457271	Indirect
2013-04-25	Common Stock	S	13166	$214.7652	Disposed	756786	Indirect
2013-04-25	Common Stock	S	219	$214.7652	Disposed	12603	Indirect
2013-04-25	Common Stock	S	78044	$215.9863	Disposed	1379227	Indirect
2013-04-25	Common Stock	S	40530	$215.9863	Disposed	716256	Indirect
2013-04-25	Common Stock	S	675	$215.9863	Disposed	11928	Indirect
2013-04-25	Common Stock	S	136856	$216.5903	Disposed	1242371	Indirect
2013-04-25	Common Stock	S	71071	$216.5903	Disposed	645185	Indirect
2013-04-25	Common Stock	S	1184	$216.5903	Disposed	10744	Indirect
2013-04-25	Common Stock	S	10354	$217.7279	Disposed	1232017	Indirect
2013-04-25	Common Stock	S	5377	$217.7279	Disposed	639808	Indirect
2013-04-25	Common Stock	S	89	$217.7279	Disposed	10655	Indirect
2013-04-25	Common Stock	S	720	$218.6359	Disposed	1231297	Indirect
2013-04-25	Common Stock	S	374	$218.6359	Disposed	639434	Indirect
2013-04-25	Common Stock	S	6	$218.6359	Disposed	10649	Indirect
2013-04-25	Common Stock	S	209	$218.725	Disposed	1231088	Indirect
2013-04-25	Common Stock	S	109	$218.725	Disposed	639325	Indirect
2013-04-25	Common Stock	S	2	$218.725	Disposed	10647	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	63854	Indirect
Common Stock	12396	Indirect

Footnotes

F1: The price reported reflects the weighted average sale price. This transaction was executed in multiple trades at prices ranging from $213.3300 to $214.3200 The Reporting Persons hereby undertake 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: The price reported reflects the weighted average sale price. This transaction was executed in multiple trades at prices ranging from $214.3300 to $215.3250. The Reporting Persons hereby undertake 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: The price reported reflects the weighted average sale price. This transaction was executed in multiple trades at prices ranging from $215.3300 to $216.3200. The Reporting Persons hereby undertake 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: The price reported reflects the weighted average sale price. This transaction was executed in multiple trades at prices ranging from $216.3300 to $217.3200. The Reporting Persons hereby undertake 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: The price reported reflects the weighted average sale price. This transaction was executed in multiple trades at prices ranging from $217.3400 to $218.3050. The Reporting Persons hereby undertake 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: The price reported reflects the weighted average sale price. This transaction was executed in multiple trades at prices ranging from $218.6000 to $218.6700. The Reporting Persons hereby undertake 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: These shares are held by The Hoag Family Trust U/A DTD 08/02/1994. Mr. Hoag is a trustee of The Hoag Family Trust U/A DTD 08/02/1994. Mr. Hoag disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F11: These shares are held by Hamilton Investments Limited Partnership. Mr. Hoag is the sole general partner and a limited partner of Hamilton Investments Limited Partnership. Mr. Hoag disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.