Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Holmes William J
 2. Date of Event Requiring Statement (Month/Day/Year)
06/05/2012		 3. Issuer Name and Ticker or Trading Symbol
NETFLIX INC [NFLX]
(Last)
(First)
(Middle)
100 WINCHESTER CIRCLE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Business Dev Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

LOS GATOS, CA 95032		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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 399
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) 12/01/2008 12/01/2018 Common Stock 635 $ 22.04 D  
Non-Qualified Stock Option (right to buy) 11/03/2008 11/03/2018 Common Stock 599 $ 23.36 D  
Non-Qualified Stock Option (right to buy) 01/02/2009 01/02/2019 Common Stock 469 $ 29.87 D  
Non-Qualified Stock Option (right to buy) 10/01/2008 10/01/2018 Common Stock 466 $ 30.04 D  
Non-Qualified Stock Option (right to buy) 03/02/2009 03/02/2019 Common Stock 291 $ 34.35 D  
Non-Qualified Stock Option (right to buy) 02/02/2009 02/02/2019 Common Stock 271 $ 36.95 D  
Non-Qualified Stock Option (right to buy) 07/01/2009 07/01/2019 Common Stock 246 $ 40.62 D  
Non-Qualified Stock Option (right to buy) 06/01/2009 06/01/2019 Common Stock 244 $ 40.94 D  
Non-Qualified Stock Option (right to buy) 09/01/2009 09/01/2019 Common Stock 237 $ 42.15 D  
Non-Qualified Stock Option (right to buy) 04/01/2009 04/01/2019 Common Stock 233 $ 42.87 D  
Non-Qualified Stock Option (right to buy) 05/01/2009 05/01/2019 Common Stock 225 $ 44.48 D  
Non-Qualified Stock Option (right to buy) 10/01/2009 10/01/2019 Common Stock 224 $ 44.62 D  
Non-Qualified Stock Option (right to buy) 08/03/2009 08/03/2019 Common Stock 222 $ 44.97 D  
Non-Qualified Stock Option (right to buy) 01/04/2010 01/04/2020 Common Stock 234 $ 53.48 D  
Non-Qualified Stock Option (right to buy) 11/02/2009 11/02/2019 Common Stock 186 $ 53.8 D  
Non-Qualified Stock Option (right to buy) 12/01/2009 12/01/2019 Common Stock 172 $ 58.23 D  
Non-Qualified Stock Option (right to buy) 02/01/2010 02/01/2020 Common Stock 683 $ 61.03 D  
Non-Qualified Stock Option (right to buy) 06/01/2012 06/01/2022 Common Stock 1,324 $ 62.95 D  
Non-Qualified Stock Option (right to buy) 12/01/2011 12/01/2021 Common Stock 930 $ 67.17 D  
Non-Qualified Stock Option (right to buy) 03/01/2010 03/01/2020 Common Stock 598 $ 69.7 D  
Non-Qualified Stock Option (right to buy) 01/03/2012 01/03/2022 Common Stock 865 $ 72.24 D  
Non-Qualified Stock Option (right to buy) 04/01/2010 04/01/2020 Common Stock 556 $ 75 D  
Non-Qualified Stock Option (right to buy) 11/01/2011 11/01/2021 Common Stock 780 $ 80.09 D  
Non-Qualified Stock Option (right to buy) 05/01/2012 05/01/2022 Common Stock 1,024 $ 81.36 D  
Non-Qualified Stock Option (right to buy) 08/02/2010 08/02/2020 Common Stock 409 $ 101.88 D  
Non-Qualified Stock Option (right to buy) 05/03/2010 05/03/2020 Common Stock 409 $ 101.99 D  
Non-Qualified Stock Option (right to buy) 06/01/2010 06/01/2020 Common Stock 388 $ 107.29 D  
Non-Qualified Stock Option (right to buy) 07/01/2010 07/01/2020 Common Stock 380 $ 109.66 D  
Non-Qualified Stock Option (right to buy) 03/01/2012 03/01/2022 Common Stock 739 $ 112.75 D  
Non-Qualified Stock Option (right to buy) 10/03/2011 10/03/2021 Common Stock 552 $ 113.25 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Holmes William J
100 WINCHESTER CIRCLE
LOS GATOS, CA 95032		       Chief Business Dev Officer  

Signatures

William J. Holmes 06/12/2012
**Signature of Reporting Person Date

Explanation of Responses:

* 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).

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