ITRON, INC. — Director's Dealing 2010

Dec 7, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ITRON INC /WA/ (ITRI)
CIK: 0000780571
Period of Report: 2010-12-06

Reporting Person: HELMBRECHT STEVEN M (Sr. VP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-06	Common Stock	M	2673	$37.40	Acquired	24652	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-06	Stock Option (Right to Buy)	$37.40	M	2673	Disposed	2015-05-03	Common Stock (2673)	Direct

Footnotes

F1: 33-1/3% of options become exercisable on 5/3/2006 and an additional 33-1/3% on each of 5/3/07 and 5/3/08.