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IDEXX LABORATORIES INC /DE Director's Dealing 2011

Apr 29, 2011

30016_dirs_2011-04-29_f9b30b7b-7226-4bcd-b27c-14dc2c7d22a5.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: 2011-04-28

Reporting Person: Williams Michael J PhD (Corporate Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-04-28 Common Stock M 7000 $28.655 Acquired 16154 Direct
2011-04-28 Common Stock M 3844 $38.335 Acquired 19998 Direct
2011-04-28 Common Stock M 1678 $38.335 Acquired 21676 Direct
2011-04-28 Common Stock S 12522 $80.8954 Disposed 9154 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-04-28 Non-Qualified Stock Option (right to buy) $28.655 M 7000 Disposed 2015-02-02 Common Stock (7000) Direct
2011-04-28 Non-Qualified Stock Option (right to buy) $38.335 M 3844 Disposed 2013-02-13 Common Stock (3844) Direct
2011-04-28 Incentive Stock Option (right to buy) $38.335 M 1678 Disposed 2013-02-13 Common Stock (1678) Direct

Footnotes

F1: Includes 89 shares acquired under the IDEXX Laboratories, Inc. Employee Stock Purchase Plan on 03/31/2011.

F2: The sale price reported reflects the weighted average sale price of multiple transactions on the reported date at prices that ranged from $80.83 to $80.95, 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 2,720 shares on 02/03/2006, 02/03/2007 and 2/3/2008, and the remaining 1,646 shares on 02/03/2009.

F4: Grant of options to buy shares of common stock becomes exercisable as to 1,106 shares on 02/14/2007, 1,104 shares on 02/14/2008 and 02/14/2009, and the remaining 530 shares on 02/14/2010.

F5: Grant of options to buy shares of common stock becomes exercisable as to 574 shares on 02/14/2010 and the remaining 1,104 shares on 02/14/2011.