ITRON, INC. — Director's Dealing 2012

Feb 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ITRON INC /WA/ (ITRI)
CIK: 0000780571
Period of Report: 2012-02-16

Reporting Person: Serff Jared P (VP, Competitive Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-16	Common Stock	A	3669	—	Acquired	20907.121	Direct
2012-02-16	Common Stock	A	2333	—	Acquired	23240.121	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-16	Stock Option (Right to Buy)	$48.23	A	6034	Acquired	2022-02-16	Common Stock (6034)	Direct

Footnotes

F1: 33 1/3% of the option vests on each of February 16, 2013, 2014, and 2015.