DEERE & CO — Director's Dealing 2011

Jan 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DEERE & CO (DE)
CIK: 0000315189
Period of Report: 2011-01-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-07	$1 Par Common Stock	M	2500	$34.685	Acquired	113883	Direct
2011-01-07	$1 Par Common Stock	S	2500	$84.89	Disposed	111382	Direct
2011-01-07	$1 Par Common Stock	M	4000	$34.44	Acquired	115382	Direct
2011-01-07	$1 Par Common Stock	S	4000	$84.89	Disposed	111382	Direct
2011-01-07	$1 Par Common Stock	M	5000	$48.375	Acquired	116382	Direct
2011-01-07	$1 Par Common Stock	S	5000	$84.89	Disposed	111382	Direct
2011-01-07	$1 Par Common Stock	M	2500	$39.665	Acquired	113883	Direct
2011-01-07	$1 Par Common Stock	S	2500	$84.89	Disposed	111382	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-07	Market Priced Options	$34.685	M	2500	Disposed	2014-12-08	Common Stock (2500)	Direct
2011-01-07	Market Priced Options	$34.44	M	4000	Disposed	2015-12-07	Common Stock (4000)	Direct
2011-01-07	Market Priced Options	$48.375	M	5000	Disposed	2016-12-06	Common Stock (5000)	Direct
2011-01-07	Market Priced Options	$39.665	M	2500	Disposed	2018-12-17	Common Stock (2500)	Direct

Footnotes

F1: Exercise of Rule 16b-3 options and related sales of shares pursuant to a Rule 10(b)5-1 stock option exercise plan executed on September 2, 2010

F2: Includes 67,247 restricted stock units subject to restrictions or limitations under the John Deere Omnibus Equity and Incentive Plan. 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.

F3: All options include the ability to withhold shares upon the exercise of the option to satisfy income tax obligations.