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

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1. Name and Address of Reporting Person^*

WELLS DAVID B

(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)
	Chief Financial Officer

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	38	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)
Non-Qualified Stock Option (right to buy)	06/01/2005	06/01/2015	Common Stock	130	$14.5	D
Non-Qualified Stock Option (right to buy)	10/01/2007	10/01/2017	Common Stock	165	$21.22	D
Non-Qualified Stock Option (right to buy)	05/01/2007	05/01/2017	Common Stock	158	$22.15	D
Non-Qualified Stock Option (right to buy)	04/02/2007	04/02/2017	Common Stock	149	$23.48	D
Non-Qualified Stock Option (right to buy)	12/03/2007	12/03/2017	Common Stock	147	$23.78	D
Non-Qualified Stock Option (right to buy)	11/01/2007	11/01/2017	Common Stock	133	$26.29	D
Non-Qualified Stock Option (right to buy)	01/02/2008	01/02/2018	Common Stock	133	$26.35	D
Non-Qualified Stock Option (right to buy)	06/01/2006	06/01/2016	Common Stock	216	$28.51	D
Non-Qualified Stock Option (right to buy)	05/01/2006	05/01/2016	Common Stock	140	$29.6	D
Non-Qualified Stock Option (right to buy)	03/02/2009	03/02/2019	Common Stock	194	$34.35	D
Non-Qualified Stock Option (right to buy)	02/02/2009	02/02/2019	Common Stock	180	$36.95	D
Non-Qualified Stock Option (right to buy)	07/01/2009	07/01/2019	Common Stock	164	$40.62	D
Non-Qualified Stock Option (right to buy)	06/01/2009	06/01/2019	Common Stock	163	$40.94	D
Non-Qualified Stock Option (right to buy)	09/01/2009	09/01/2019	Common Stock	158	$42.15	D
Non-Qualified Stock Option (right to buy)	04/01/2009	04/01/2019	Common Stock	155	$42.87	D
Non-Qualified Stock Option (right to buy)	05/01/2009	05/01/2019	Common Stock	150	$44.48	D
Non-Qualified Stock Option (right to buy)	10/01/2009	10/01/2019	Common Stock	149	$44.62	D
Non-Qualified Stock Option (right to buy)	08/03/2009	08/03/2019	Common Stock	148	$44.97	D
Non-Qualified Stock Option (right to buy)	01/04/2010	01/04/2020	Common Stock	156	$53.48	D
Non-Qualified Stock Option (right to buy)	11/02/2009	11/02/2019	Common Stock	124	$53.8	D
Non-Qualified Stock Option (right to buy)	12/01/2009	12/01/2019	Common Stock	114	$58.23	D
Non-Qualified Stock Option (right to buy)	02/01/2010	02/01/2020	Common Stock	427	$61.03	D
Non-Qualified Stock Option (right to buy)	03/01/2010	03/01/2020	Common Stock	374	$69.7	D
Non-Qualified Stock Option (right to buy)	04/01/2010	04/01/2020	Common Stock	347	$75	D
Non-Qualified Stock Option (right to buy)	08/02/2010	08/02/2020	Common Stock	256	$101.88	D
Non-Qualified Stock Option (right to buy)	05/03/2010	05/03/2020	Common Stock	255	$101.99	D
Non-Qualified Stock Option (right to buy)	06/01/2010	06/01/2020	Common Stock	243	$107.29	D
Non-Qualified Stock Option (right to buy)	07/01/2010	07/01/2020	Common Stock	237	$109.66	D
Non-Qualified Stock Option (right to buy)	09/01/2010	09/01/2020	Common Stock	193	$134.91	D
Non-Qualified Stock Option (right to buy)	10/01/2010	10/01/2020	Common Stock	168	$154.66	D

Explanation of Responses:

	David B Wells	12/10/2010
	** 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.