FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SARANDOS THEODORE A
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
(Last)          (First)          (Middle)

100 WINCHESTER CIRCLE
3. Date of Earliest Transaction (MM/DD/YYYY)

10/18/2016
(Street)

LOS GATOS, CA 95032
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   10/18/2016     M    15204.0   (1) A $60.2943   15204   D    
Common Stock   10/18/2016     S    15204.0   (1) D $116.63   0   D    
Common Stock   10/18/2016     M    17598.0   (1) A $52.0986   17598   D    
Common Stock   10/18/2016     S    17598.0   (1) D $116.63   0   D    
Common Stock   10/18/2016     M    14399.0   (1) A $63.6557   14399   D    
Common Stock   10/18/2016     S    14399.0   (1) D $116.63   0   D    
Common Stock   10/18/2016     M    15869.0   (1) A $57.7686   15869   D    
Common Stock   10/18/2016     S    15869.0   (1) D $116.63   0   D    
Common Stock   10/18/2016     M    14469.0   (1) A $51.8314   14469   D    
Common Stock   10/18/2016     S    14469.0   (1) D $116.63   0   D    
Common Stock   10/18/2016     M    14427.0   (1) A $51.9886   14427   D    
Common Stock   10/18/2016     S    14427.0   (1) D $116.63   0   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Non-Qualified Stock Option (right to buy)   $51.8314   10/18/2016     M         14469.0   (1)   1/2/2014   1/2/2024   Common Stock   14469   $0.0   0   D    
Non-Qualified Stock Option (right to buy)   $51.9886   10/18/2016     M         14427.0   (1)   12/2/2013   12/2/2023   Common Stock   14427   $0.0   0   D    
Non-Qualified Stock Option (right to buy)   $52.0986   10/18/2016     M         17598.0   (1)   4/1/2014   4/1/2024   Common Stock   17598   $0.0   0   D    
Non-Qualified Stock Option (right to buy)   $57.7686   10/18/2016     M         15869.0   (1)   2/3/2014   2/3/2024   Common Stock   15869   $0.0   0   D    
Non-Qualified Stock Option (right to buy)   $60.2943   10/18/2016     M         15204.0   (1)   6/2/2014   6/2/2024   Common Stock   15204   $0.0   0   D    
Non-Qualified Stock Option (right to buy)   $63.6557   10/18/2016     M         14399.0   (1)   3/3/2014   3/3/2024   Common Stock   14399   $0.0   0   D    

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

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SARANDOS THEODORE A
100 WINCHESTER CIRCLE
LOS GATOS, CA 95032


Chief Content Officer

Signatures
By: Carole Payne, Authorized Signatory For: Theodore A. Sarandos 10/19/2016
** 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 control number.
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