DEERE & CO — Director's Dealing 2011

Dec 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DEERE & CO (DE)
CIK: 0000315189
Period of Report: 2011-03-22

Reporting Person: Israel James (President,John Deere Financial)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-22	$1 Par Common Stock	G	13171	—	Disposed	37014	Direct
2011-12-09	$1 Par Common Stock	G	6430	—	Disposed	30584	Direct
2011-12-14	$1 Par Common Stock	A	5259	—	Acquired	35843	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-14	Market Priced Options	$74.24	A	24287	Acquired	2021-12-14	Common Stock (24287)	Direct

Footnotes

F1: Represents a transfer of shares to a trust for the benefit of the reporting person and his spouse. Reporting person and spouse are co-trustees of the trust.

F2: Grant of restricted stock units under the John Deere Omnibus Equity and Incentive Plan. Awards include the ability to withhold shares upon conversion to satisfy tax obligations.

F3: Includes 35,843 restricted stock units under the John Deere Omnibus Equity and Incentive Plan to be settled solely in shares. The reporting person also indirectly beneficially owns 19,601 shares directly owned by a family trust.

F4: All options include the ability to withhold shares upon the exercise of the option to satisfy income tax obligations.

F5: The options become exercisable in three approximately equal installments on December 14, 2012, December 14, 2013, and December 14, 2014.