ITRON, INC. — Director's Dealing 2010

Oct 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ITRON INC /WA/ (ITRI)
CIK: 0000780571
Period of Report: 2010-09-30

Reporting Person: BRACY MICHAEL B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-30	Common Stock	M	1000	$13.62	Acquired	25928	Direct
2010-09-30	Common Stock	S	1000	$60.90	Disposed	24928	Direct
2010-09-30	Common Stock	S	1000	$60.90	Disposed	23928	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-30	Stock Option (Right to Buy)	$13.62	M	1000	Disposed	2011-05-16	Common Stock (1000)	Direct

Footnotes

F1: Transactions occurred pursuant to a 10b5-1 Plan