DEERE & CO — Director's Dealing 2011

Feb 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DEERE & CO (DE)
CIK: 0000315189
Period of Report: 2011-02-18

Reporting Person: Field James M. (Senior Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-18	$1 Par Common Stock	M	20000	$30.82	Acquired	67852	Direct
2011-02-18	$1 Par Common Stock	S	20000	$94.88	Disposed	47852	Direct
2011-02-18	$1 Par Common Stock	M	25000	$34.685	Acquired	72852	Direct
2011-02-18	$1 Par Common Stock	S	25000	$94.88	Disposed	47852	Direct
2011-02-18	$1 Par Common Stock	M	1798	$34.685	Acquired	49650	Direct
2011-02-18	$1 Par Common Stock	S	1798	$95	Disposed	47852	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-18	Market Priced Options	$30.82	M	20000	Disposed	2013-12-10	Common Stock (20000)	Direct
2011-02-18	Market Priced Options	$34.685	M	26798	Disposed	2014-12-08	Common Stock (26798)	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 December 7, 2010.

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

F3: Includes 35,012 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.

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

F5: The options became exercisable in three approximately equal installments on December 8, 2005, 2006 and 2007.