SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

HYMAN DAVID A

(Last)

(First)

(Middle)

100 WINCHESTER CIRCLE

(Street)

LOS GATOS

95032

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/10/2010

3. Issuer Name and Ticker or Trading Symbol
NETFLIX INC [ NFLX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	General Counsel

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,980	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Incentive Stock Option (right to buy)	02/27/2002	02/27/2012	Common Stock	2,250	$1.5	D
Non-Qualified Stock Option (right to buy)	12/01/2003	12/01/2013	Common Stock	2,380	$25.35	D
Non-Qualified Stock Option (right to buy)	05/03/2004	05/03/2014	Common Stock	2,380	$26.9	D
Non-Qualified Stock Option (right to buy)	01/02/2004	01/02/2014	Common Stock	2,380	$27.42	D
Non-Qualified Stock Option (right to buy)	11/03/2003	11/03/2013	Common Stock	2,380	$29.23	D
Non-Qualified Stock Option (right to buy)	06/01/2004	06/01/2014	Common Stock	2,380	$32.6	D
Non-Qualified Stock Option (right to buy)	03/01/2004	03/01/2014	Common Stock	2,380	$34.75	D
Non-Qualified Stock Option (right to buy)	04/01/2004	04/01/2014	Common Stock	2,380	$35.36	D
Non-Qualified Stock Option (right to buy)	02/02/2004	02/02/2014	Common Stock	2,380	$36.37	D
Non-Qualified Stock Option (right to buy)	01/04/2010	01/04/2020	Common Stock	467	$53.48	D
Non-Qualified Stock Option (right to buy)	11/02/2009	11/02/2019	Common Stock	372	$53.8	D
Non-Qualified Stock Option (right to buy)	12/01/2009	12/01/2019	Common Stock	343	$58.23	D
Non-Qualified Stock Option (right to buy)	02/01/2010	02/01/2020	Common Stock	819	$61.03	D
Non-Qualified Stock Option (right to buy)	03/01/2010	03/01/2020	Common Stock	717	$69.7	D
Non-Qualified Stock Option (right to buy)	04/01/2010	04/01/2020	Common Stock	667	$75	D
Non-Qualified Stock Option (right to buy)	08/02/2010	08/02/2020	Common Stock	491	$101.88	D
Non-Qualified Stock Option (right to buy)	05/03/2010	05/03/2020	Common Stock	490	$101.99	D
Non-Qualified Stock Option (right to buy)	06/01/2010	06/01/2020	Common Stock	466	$107.29	D
Non-Qualified Stock Option (right to buy)	07/01/2010	07/01/2020	Common Stock	456	$109.66	D
Non-Qualified Stock Option (right to buy)	09/01/2010	09/01/2020	Common Stock	371	$134.91	D
Non-Qualified Stock Option (right to buy)	10/01/2010	10/01/2020	Common Stock	323	$154.66	D
Non-Qualified Stock Option (right to buy)	11/01/2010	11/01/2020	Common Stock	299	$167.37	D
Non-Qualified Stock Option (right to buy)	12/01/2010	12/01/2020	Common Stock	250	$200.14	D

Explanation of Responses:

	David A Hyman	12/13/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.