MERCADOLIBRE INC — Director's Dealing 2011

Mar 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MERCADOLIBRE INC (MELI)
CIK: 0001099590
Period of Report: 2011-03-07

Reporting Person: SPENCE A MICHAEL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-07	Common Stock	S	5000	$67.70	Disposed	47354	Direct
2011-03-09	Common Stock	S	5000	$70.15	Disposed	42354	Direct

Footnotes

F1: Represents the weighted-average sale price per share of a series of transactions, all of which were executed on March 07, 2011. The actual sale prices ranged from a low of $67.63 to a high of $67.91. 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 March 09, 2011. The actual sale prices ranged from a low of $70.01 to a high of $70.25. 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.