HARVARD BIOSCIENCE INC — Director's Dealing 2011

Jan 26, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HARVARD BIOSCIENCE INC (HBIO)
CIK: 0001123494
Period of Report: 2011-01-26

Reporting Person: GRAZIANO CHANE (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-25	Common Stock	F	11353	$4.08	Disposed	3787128	Direct

Footnotes

F1: The shares were disposed of to satisfy Mr. Graziano's tax withholding obligation in connection with a deferred stock award granted to Mr. Graziano on June 4, 2010 which vested in part on Jan 1, 2011.

F2: Includes (a) a deferred stock award of 100,200 restricted stock units which vest in equal installments on Jan 1, 2012, Jan 1, 2013, and Jan 1, 2014 and (b) 3,686,928 shares of common stock held by Mr. Graziano.