CENTENE CORP — Director's Dealing 2011

Sep 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTENE CORP (CNC)
CIK: 0001071739
Period of Report: 2011-09-19

Reporting Person: AYALA ORLANDO (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-19	Common Stock	A	3185	$31.39	Acquired	3185	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-19	Common Stock Option (right to buy)	$31.39	A	10000	Acquired	2021-09-19	Common Stock (10000)	Direct

Footnotes

F1: Mr. Ayala's ownership includes this award of 3,185 shares of restricted stock which will vest in full on the date of the April 2012 Annual Meeting of Stockholders.

F2: The options vest in three equal annual installments on the anniversary of the grant date beginning on September 19, 2012.