EXPONENT INC — Director's Dealing 2011

Dec 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXPONENT INC (EXPO)
CIK: 0000851520
Period of Report: 2011-11-30

Reporting Person: GAULKE MICHAEL R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-30	Common Stock	M	1568	$31.01	Acquired	1568	Direct
2011-11-30	Common Stock	S	1568	$46.4226	Disposed	0	Direct
2011-11-30	Common Stock	M	4557	$18.37	Acquired	4557	Direct
2011-11-30	Common Stock	S	4557	$46.4226	Disposed	0	Direct
2011-11-30	Common Stock	M	2675	$18.37	Acquired	2675	Direct
2011-11-30	Common Stock	S	2675	$46.4226	Disposed	0	Direct
2011-12-01	Common Stock	M	3699	$31.01	Acquired	3699	Direct
2011-12-01	Common Stock	S	3699	$47.5571	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-30	Incentive Stock Option (right to buy)	$18.37	M	2675	Disposed	2017-02-02	Common Stock (2675)	Direct
2011-11-30	Non-Qualified Stock Option (right to buy)	$18.37	M	4557	Disposed	2017-02-02	Common Stock (4557)	Direct
2011-11-30	Non-Qualified Stock Option (right to buy)	$31.01	M	1568	Disposed	2018-02-05	Common Stock (1568)	Direct
2011-12-01	Non-Qualified Stock Option (right to buy)	$31.01	M	3699	Disposed	2018-02-05	Common Stock (3699)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	94830	Indirect

Footnotes

F1: The stock option becomes exercisable in four equal annual installments.

F2: Not applicable.