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: McNaughton Thomas (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-25	Common Stock	F	5990	$4.08	Disposed	60810	Direct

Footnotes

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

F2: (2) Includes (a) a deferred stock award of 50,100 restricted stock units which vest in equal installments on Jan 1, 2012; January 1, 2013 and January 1, 2014; and (b) 10,710 shares of common stock held by Mr. McNaughton