SEC FORM 4

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

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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^*

SARANDOS THEODORE A

(Last)

(First)

(Middle)

100 WINCHESTER CIRCLE

(Street)

LOS GATOS

95032

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Content Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/30/2015

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/30/2015		M		17,171⁽¹⁾	A	$33.8843	17,171	D
Common Stock	07/30/2015		M		16,828⁽¹⁾	A	$34.5843	33,999	D
Common Stock	07/30/2015		M		15,239⁽¹⁾	A	$38.18	49,238	D
Common Stock	07/30/2015		M		21,077⁽¹⁾	A	$35.5886	70,315	D
Common Stock	07/30/2015		M		15,463⁽¹⁾	A	$37.6257	85,778	D
Common Stock	07/30/2015		M		15,197⁽¹⁾	A	$38.2843	100,975	D
Common Stock	07/30/2015		M		18,165⁽¹⁾	A	$41.2857	119,140	D
Common Stock	07/30/2015		M		16,170⁽¹⁾	A	$46.3743	135,310	D
Common Stock	07/30/2015		M		15,946⁽¹⁾	A	$47.0386	151,256	D
Common Stock	07/30/2015		M		19,068⁽¹⁾	A	$48.0743	170,324	D
Common Stock	07/30/2015		M		18,774⁽¹⁾	A	$48.83	189,098	D
Common Stock	07/30/2015		M		18,389⁽¹⁾	A	$49.8486	207,487	D
Common Stock	07/30/2015		S		127,966⁽¹⁾	D	$106.03⁽²⁾	79,521	D
Common Stock	07/30/2015		S		79,521⁽¹⁾	D	$106.71⁽³⁾	0	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$33.8843	07/30/2015		M			17,171⁽¹⁾	05/02/2011	05/02/2021	Common Stock	17,171	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$34.5843	07/30/2015		M			16,828⁽¹⁾	04/01/2011	04/01/2021	Common Stock	16,828	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$35.5886	07/30/2015		M			21,077⁽¹⁾	08/01/2013	08/01/2023	Common Stock	21,077	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$37.6257	07/30/2015		M			15,463⁽¹⁾	08/01/2011	08/01/2021	Common Stock	15,463	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$38.18	07/30/2015		M			15,239⁽¹⁾	06/01/2011	06/01/2021	Common Stock	15,239	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$38.2843	07/30/2015		M			15,197⁽¹⁾	07/01/2011	07/01/2021	Common Stock	15,197	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$41.2857	07/30/2015		M			18,165⁽¹⁾	09/03/2013	09/03/2023	Common Stock	18,165	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$46.3743	07/30/2015		M			16,170⁽¹⁾	10/01/2013	10/01/2023	Common Stock	16,170	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$47.0386	07/30/2015		M			15,946⁽¹⁾	11/01/2013	11/01/2023	Common Stock	15,946	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$48.0743	07/30/2015		M			19,068⁽¹⁾	05/01/2014	05/01/2024	Common Stock	19,068	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$48.83	07/30/2015		M			18,774⁽¹⁾	12/01/2014	12/01/2024	Common Stock	18,774	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$49.8486	07/30/2015		M			18,389⁽¹⁾	01/02/2015	01/02/2025	Common Stock	18,389	$0.0	0	D

Explanation of Responses:

1. Transaction made pursuant to duly adopted trading plan under Rule 10b5-1(c).

2. This transaction was executed in multiple trades at prices ranging from $105.40 to $106.39. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

3. This transaction was executed in multiple trades at prices ranging from $106.40 to $107.30. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

	By: Carole Payne, Authorized Signatory For: Theodore A. Sarandos	08/03/2015
	** 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.
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