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IDEXX LABORATORIES INC /DE Director's Dealing 2011

May 26, 2011

30016_dirs_2011-05-26_e18d4ae5-0dfb-4048-bafd-713d2dd8032c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IDEXX LABORATORIES INC /DE (IDXX)
CIK: 0000874716
Period of Report: 2011-05-25

Reporting Person: DEADY CONAN R (Corp VP, General Counsel & Sec)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-05-25 Common Stock M 9764 $28.655 Acquired 29111 Direct
2011-05-25 Common Stock M 2368 $38.335 Acquired 31479 Direct
2011-05-25 Common Stock M 218 $41.935 Acquired 31697 Direct
2011-05-25 Common Stock M 105 $41.935 Acquired 31802 Direct
2011-05-25 Common Stock M 7545 $34.37 Acquired 39347 Direct
2011-05-25 Common Stock S 20000 $77.2575 Disposed 19347 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-05-25 Non-Qualified Stock Option (right to buy) $28.655 M 9764 Disposed 2015-02-02 Common Stock (9764) Direct
2011-05-25 Incentive Stock Option (right to buy) $38.335 M 2368 Disposed 2013-02-13 Common Stock (2368) Direct
2011-05-25 Incentive Stock Option (right to buy) $41.935 M 218 Disposed 2014-02-13 Common Stock (218) Direct
2011-05-25 Non-Qualified Stock Option (right to buy) $41.935 M 105 Disposed 2014-02-13 Common Stock (105) Direct
2011-05-25 Non-Qualified Stock Option (right to buy) $34.37 M 7545 Disposed 2016-02-13 Common Stock (7545) Direct

Footnotes

F1: The sale reported above was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 03/09/2011.

F2: The sale price reported reflects the weighted average sale price of multiple transactions on the reported date at prices that ranged from $77.00 to $77.56, inclusive. The reporting person hereby undertakes to provide upon request to SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

F3: Grant of options to buy shares of common stock becomes exercisable as to 4,400 shares on 02/03/2006, 02/03/2007, 02/03/2008, 02/03/2009, and the remaining 912 shares on 02/03/2010.

F4: Grant of options to buy shares of common stock that vest on the fifth anniversary date (02/14/2011) of the grant.

F5: Grant of options to buy shares of common stock becomes exercisable as to 218 shares on 02/14/2011, and the remaining 2,384 shares on 02/14/2012.

F6: Grant of options to buy shares of common stock becomes exercisable as to 4,088 shares on 02/14/2008, 02/14/2009, 02/14/2010, 3,870 shares on 02/14/2011, and the remaining 1,704 shares on 02/14/2012.

F7: Grant of options to buy shares of common stock becomes exercisable as to 3,772 shares on 02/14/2010, 02/14/2013, 3,773 shares on 02/14/2011, 02/14/2012, and the remaining 863 shares on 02/14/2014.