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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-03-026973.txt : 20031020
<SEC-HEADER>0001181431-03-026973.hdr.sgml : 20031020
<ACCEPTANCE-DATETIME>20031020182829
ACCESSION NUMBER:		0001181431-03-026973
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031016
FILED AS OF DATE:		20031020

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SCHUH MICHAEL N
		CENTRAL INDEX KEY:			0001205498

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-49802
		FILM NUMBER:		03948554

	MAIL ADDRESS:	
		STREET 1:		FOUNDATION CAPITAL
		STREET 2:		70 WILLOW ROAD STE 200
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NETFLIX INC
		CENTRAL INDEX KEY:			0001065280
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-VIDEO TAPE RENTAL [7841]
		IRS NUMBER:				770467272
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		970 UNIVERSITY AVENUE
		STREET 2:		.
		CITY:			LOS GATOS
		STATE:			CA
		ZIP:			95032
		BUSINESS PHONE:		408-317-3700

	MAIL ADDRESS:	
		STREET 1:		970 UNIVERSITY AVENUE
		CITY:			LOS GATOS
		STATE:			CA
		ZIP:			95032-7606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NETFLIX COM INC
		DATE OF NAME CHANGE:	20000229
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd20542.xml
<DESCRIPTION>FORM 4 DATED 10/16/2003
<TEXT>
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    <documentType>4</documentType><periodOfReport>2003-10-16</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001065280</issuerCik>
        <issuerName>NETFLIX INC</issuerName>
        <issuerTradingSymbol>nflx</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001205498</rptOwnerCik>
            <rptOwnerName>SCHUH MICHAEL N</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>70 WILLOW ROAD, SUITE 200</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-10-16</value></transactionDate><deemedExecutionDate><value>2003-10-16</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>J</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>482397</value><footnoteId id="F1"/></transactionShares><transactionPricePerShare><value>51.85</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></di
rectOrIndirectOwnership><natureOfOwnership><value>See Footnote</value><footnoteId id="F3"/></natureOfOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-10-16</value></transactionDate><deemedExecutionDate><value>2003-10-16</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>X</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>425000</value><footnoteId id="F6"/></transactionShares><transactionPricePerShare><value>51.85</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>425000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectO
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nership><value>See Footnote</value><footnoteId id="F4"/></natureOfOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-10-16</value></transactionDate><deemedExecutionDate><value>2003-10-16</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>J</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F1"/></transactionCoding><transactionAmounts><transactionShares><value>16983</value></transactionShares><transactionPricePerShare><value>7.44</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>See Foo
tnote</value><footnoteId id="F5"/></natureOfOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-10-16</value></transactionDate><deemedExecutionDate><value>2003-10-16</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>J</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F2"/></transactionCoding><transactionAmounts><transactionShares><value>710</value></transactionShares><transactionPricePerShare><value>3.003</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>24339</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>See Footnote</value><footn
oteId id="F5"/></natureOfOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable><derivativeTable><derivativeTransaction><securityTitle><value>Common Stock Warrant</value></securityTitle><conversionOrExercisePrice><value>3.00</value></conversionOrExercisePrice><transactionDate><value>2003-10-16</value></transactionDate><deemedExecutionDate><value>2003-10-16</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>X</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>909700</value><footnoteId id="F6"/></transactionShares><transactionPricePerShare><value>.003</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-10-16</value></exerciseDate><expirationDate><value>2006-07-10</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock
</value></underlyingSecurityTitle><underlyingSecurityShares><value>458973</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>450797</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>By Foundation Capital Leadership Fund, L.P.</value></natureOfOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">In-kind distribution.  On 10/16/03, Foundation Capital II, L.P. distributed 482,397 shares of stock to its partners through which Mr. Schuh received 16,983 shares indirectly.</footnote><footnote id="F2">In-kind distribution.  On 10/16/03, Foundation Capital Leadership Fund, L.P. distributed 425,000 shares of stock to its partners through which Mr. Schuh received 710 shares indirectly.</footnote><footnote id="F3">Michael N. Schuh is a Manager of Foundation Capital II Management C
o., LLC, which is the general partner of Foundation Capital II, L.P.  Michael N. Schuh disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.</footnote><footnote id="F4">Michael N. Schuh is a Manager of FC Leadership Management Co., LLC, which is the general partner of Foundation Capital Leaderhsip Fund, L.P.  Michael N. Schuh disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.</footnote><footnote id="F5">Shares held by Michael N. Schuh as Trustee of the Michael N. and Mary G. Schuh 1990 Family Trust.</footnote><footnote id="F6">The warrants were exercised utilizing the "net excercise" provisions of the warrant.  Under that provision, in lieu of paying the cash excercise price, the Company issued fewer than the maximum number of shares based on a formula contained in the warrants.  Accordingly, upon the net exercise of the warrants in full, only 425,000 shares of common stock were issued t
o Foundation Capital Leadership Fund, L.P.</footnote></footnotes><ownerSignature><signatureName>/s/ Michael N. Schuh</signatureName><signatureDate>2003-10-20</signatureDate></ownerSignature></ownershipDocument>



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