EXPONENT INC — Director's Dealing 2011

Dec 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXPONENT INC (EXPO)
CIK: 0000851520
Period of Report: 2011-12-02

Reporting Person: GAULKE MICHAEL R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-02	Common Stock	M	1733	$31.01	Acquired	1733	Direct
2011-12-02	Common Stock	S	1733	$47.3727	Disposed	0	Direct
2011-12-05	Common Stock	M	1600	$31.01	Acquired	1600	Direct
2011-12-05	Common Stock	S	1600	$47.7395	Disposed	0	Direct
2011-12-06	Common Stock	M	2000	$31.01	Acquired	2000	Direct
2011-12-06	Common Stock	S	2000	$47.8773	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-02	Non-Qualified Stock Option (right to buy)	$31.01	M	1733	Disposed	2018-02-05	Common Stock (1733)	Direct
2011-12-05	Non-Qualified Stock Option (right to buy)	$31.01	M	1600	Disposed	2018-02-05	Common Stock (1600)	Direct
2011-12-06	Non-Qualified Stock Option (right to buy)	$31.01	M	2000	Disposed	2018-02-05	Common Stock (2000)	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.