SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* HOAG JAY C (Last) (First) (Middle) C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET (Street) PALO ALTO CA 94301 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol NETFLIX INC [ NFLX ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 11/05/2003
	4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/05/2003		J(1)		3,034	D	$0	13,051	I	TCV II, V.O.F.(4)
Common Stock	11/05/2003		J(1)		91,871	D	$0	401,747	I	Technology Crossover Ventures II, L.P.(4)
Common Stock	11/05/2003		J(1)		14,260	D	$0	61,338	I	Technology Crossover Ventures II, C.V. (4)
Common Stock	11/05/2003		J(1)		71,807	D	$0	308,869	I	TCV II (Q), L.P. (4)
Common Stock	11/05/2003		J(1)		15,431	D	$0	54,813	I	TCV II Strategic Partners, L.P. (4)
Common Stock	11/05/2003		J(8)		679	A	$0	679	I	Technology Crossover Management II, L.L.C.(4)
Common Stock	11/05/2003		J(9)		22,437	A	$0	23,116	I	Technology Crossover Management II, L.L.C.(4)
Common Stock	11/05/2003		J(10)		3,193	A	$0	26,309	I	Technology Crossover Management II, L.L.C.(4)
Common Stock	11/05/2003		J(11)		16,075	A	$0	42,384	I	Technology Crossover Management II, L.L.C.(4)
Common Stock	11/05/2003		J(12)		165	A	$0	42,549	I	Technology Crossover Management II, L.L.C.(4)
Common Stock	11/05/2003		J(13)		42,549	D	$0	0	I	Technology Crossover Management II, L.L.C.(4)
Common Stock	11/05/2003		J(15)		12,353	A	$0	12,353	I	The Hoag Family Trust U/A Dtd 8/2/94 (5)
Common Stock	11/05/2003		J(2)		664,524	D	$0	2,610,792	I	TCV IV, L.P.(4)
Common Stock	11/05/2003		J(2)		30,900	D	$0	97,354	I	TCV IV Strategic Partners, L.P. (4)
Common Stock	11/05/2003		J(6)		165,571	A	$0	165,571	I	Technology Crossover Management IV, L.L.C.(4)
Common Stock	11/05/2003		J(7)		53	A	$0	165,624	I	Technology Crossover Management IV, L.L.C.(4)
Common Stock	11/05/2003		J(16)		155,156	D	$0	10,468	I	Technology Crossover Management IV, L.L.C.(4)
Common Stock	11/05/2003		J(3)		3,194	A	$0	15,547	I	The Hoag Family Trust U/A Dtd 8/2/94 (5)
Common Stock	11/05/2003		J(14)		29,110	A	$0	44,657	I	The Hoag Family Trust U/A Dtd 8/2/94 (5)
Common Stock	11/06/2003		S		4,766	D	$55.75	5,702	I	Technology Crossover Management IV, L.L.C.(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. In-kind pro-rata distribution from Technology Crossover Ventures II, L.P., Technology Crossover Ventures II, C.V., TCV II, V.O.F., TCV II (Q), L.P. and TCV II Strategic Partners, L.P. (collectively, the "Limited Partnerships II") to their Partners, without consideration. Please see footnote 4.

2. In-kind pro-rata distribution from TCV IV, L.P. and TCV IV Strategic Partners, L.P. (collectively, the "Limited Partnerships IV") to their Partners, without consideration. Please see footnote 4.

3. Acquisition by The Hoag Family Trust U/A Dtd 8/2/94, a limited partner of TCV IV Strategic Partners, L.P. pursuant to pro-rata in kind distribution by TCV IV Strategic Partners, L.P. to is partners without consideration. Please see footnote 5.

4. Reporting person is a managing member of Technology Crossover Management II, L.L.C. ("TCM II") which is the general partner of Limited Partnerships II. Reporting person is also a managing member of Technology Crossover Management IV, L.L.C. ("TCM IV") which is the general partner of the Limited Partnerships IV. Reporting person, TCM II and TCM IV may be deemed to own the shares held by the Limited Partnerships II and Limited Partnerships IV but reporting person, TCM II and TCM IV disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein.

5. Reporting person is a trustee of The Hoag Family Trust U/A Dtd 8/2/94 .

6. Acquisition by TCM IV pusuant to a pro-rata in kind distribution by TCV IV, L.P. without consideration. Please see footnote 4.

7. Acquisition by TCM IV pusuant to a pro-rata in kind distribution by TCV IV Strategic Partners, L.P. without consideration. Please see footnote 4.

8. Acquisition by TCM II pusuant to a pro-rata in kind distribution by TCV II, V.O.F. without consideration. Please see footnote 4.

9. Acquisition by TCM II pusuant to a pro-rata in kind distribution by Technology Crossover Ventures II, L.P. without consideration. Please see footnote 4.

10. Acquisition by TCM II pusuant to a pro-rata in kind distribution by Technology Crossover Ventures II, C.V. without consideration. Please see footnote 4.

11. Acquisition by TCM II pusuant to a pro-rata in kind distribution by TCV II (Q), L.P. without consideration. Please see footnote 4.

12. Acquisition by TCM II pusuant to a pro-rata in kind distribution by TCV II Strategic Partners L.P. without consideration. Please see footnote 4.

13. In-kind pro-rata distribution from TCM II to its members, without consideration. Please see footnote 4.

14. Acquisition by The Hoag Family Trust U/A Dtd 8/2/94 from TCM IV, pursuant to pro-rata in kind distribution by TCM IV to its members without consideration. Please see footnote 5.

15. Acquisition by The Hoag Family Trust U/A Dtd 8/2/94 from TCM II, pursuant to pro-rata in kind distribution by TCM II to its members without consideration. Please see footnote 5.

16. In-kind pro-rata distribution from TCM IV to its members, without consideration. Please see footnote 4.

Remarks:

	Carla S. Newell Authorized signatory for Jay C. Hoag	11/05/2003
	** 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 4 (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.