MERCADOLIBRE INC — Director's Dealing 2009

Nov 25, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MERCADOLIBRE INC (MELI)
CIK: 0001099590
Period of Report: 2009-11-23

Reporting Person: Galperin Marcos (Director, President and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-23	Common Stock	S	60000	$48.35	Disposed	5332610	Direct
2009-11-24	Common Stock	S	7434	$48.37	Disposed	5325176	Direct
2009-11-25	Common Stock	S	32566	$48.36	Disposed	5292610	Direct

Footnotes

F1: Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 23, 2009. The actual sale prices ranged from a low of $48.25 to a high of $48.77. The Reporting Person undertakes to provide upon request of the SEC Staff, MercadoLibre, Inc. or a MercadoLibre, Inc. security holder full information regarding the number of shares sold at each price within the range.

F2: Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 24, 2009. The actual sale prices ranged from a low of $48.20 to a high of $48.54. The Reporting Person undertakes to provide upon request of the SEC Staff, MercadoLibre, Inc. or a MercadoLibre, Inc. security holder full information regarding the number of shares sold at each price within the range.

F3: Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 25, 2009. The actual sale prices ranged from a low of $48.20 to a high of $48.52. The Reporting Person undertakes to provide upon request of the SEC Staff, MercadoLibre, Inc. or a MercadoLibre, Inc. security holder full information regarding the number of shares sold at each price within the range.