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IDEXX LABORATORIES INC /DE Director's Dealing 2011

Feb 18, 2011

30016_dirs_2011-02-18_7eeb36df-21b9-4c22-b8e2-610a8f2bdaea.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: 2011-02-16

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-02-16 Common Stock S 1260 $78.2120 Disposed 9144 Direct
2011-02-16 Common Stock S 79 $78.20 Disposed 9065 Direct
2011-02-16 Common Stock M 2472 $25.45 Acquired 11537 Direct
2011-02-16 Common Stock M 8128 $25.45 Acquired 19665 Direct
2011-02-16 Common Stock S 10600 $78.1270 Disposed 9065 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-02-16 Incentive Stock Option (right to buy) $25.45 M 8128 Disposed 2014-02-04 Common Stock (8128) Direct
2011-02-16 Non-Qualified Stock Option (right to buy) $25.45 M 2472 Disposed 2014-02-04 Common Stock (2472) Direct

Footnotes

F1: The sale price reported reflects the weighted average sale price of multiple transactions on the reported date at prices that ranged from $78.1736 to $78.2800, 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.

F2: The sale price reported reflects the weighted average sale price of multiple transactions on the reported date at prices that ranged from $78.0700 to $78.2500, 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 1,352 shares on 02/05/2005, 02/05/2006, 02/05/2007, 02/05/2008, and the remaining 2,720 shares on 02/05/2009.

F4: Grant of options to buy shares of common stock that vest in five equal annual installments, beginning on the first anniversary date (02/05/2005) of the date of grant.