ITRON, INC. - Director's Dealing 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ITRON INC /WA/ (ITRI)
CIK: 0000780571
Period of Report: 2011-08-31

Reporting Person: NOSBAUM LEROY D (Director, President and CEO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-31	Common Stock	A	25113	$39.82	Acquired	51679	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-31	Stock option (right to buy)	$39.82	A	25000	Acquired	2021-08-31	Common Stock (25000)	Direct
2011-09-02	Call option (obligation to sell)	$40	J	50	Acquired	2011-09-16	Common Stock (5000)	Direct
2011-09-02	Call option (obligation to sell)	$40	J	50	Acquired	2011-09-16	Common Stock (5000)	Direct
2011-09-02	Call option (obligation to sell)	$45	J	50	Acquired	2011-09-16	Common Stock (5000)	Direct
2011-09-02	Call option (obligation to sell)	$45	J	50	Acquired	2011-10-21	Common Stock (5000)	Direct

F1: Call option written by the reporting person prior to becoming an insider of the Company was cancelled by purchasing an offsetting position.