DEERE & CO — Director's Dealing 2010

Jan 11, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DEERE & CO (DE)
CIK: 0000315189
Period of Report: 2010-01-11

Reporting Person: JENKINS JAMES R (Senior V.P. & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-11	$1 Par Common Stock	M	2000	$30.82	Acquired	116710	Direct
2010-01-11	$1 Par Common Stock	S	2000	$58.25	Disposed	114710	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-11	Market Priced Options	$30.82	M	2000	Disposed	2013-12-10	Common Stock (2000)	Direct

Footnotes

F1: Exercise of Rule 16b-3 options and related sale of shares pursuant to a Rule 10(b)5-1 stock option exercise plan executed on June 1, 2009.

F2: All options include the ability to withhold shares upon the exercise of the option to satisfy income tax obligations.

F3: Includes 82,433 restricted stock units subject to restrictions or limitations under the John Deere Omnibus Equity and Incentive Plan. Shares are not held by reporting person during the period of limitation or restriction. Units include the ability to have shares withheld to satisfy income tax obligations. The reporting person also indirectly beneficially owns 6,000 common shares of the Issuer that are directly owned by his spouse.

F4: The options became exercisable in three approximately equal installments on December 10, 2004, 2005 and 2006.