MERCADOLIBRE INC — Director's Dealing 2012

Mar 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MERCADOLIBRE INC (MELI)
CIK: 0001099590
Period of Report: 2012-02-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-28	Common Stock	S	150569	$101.59	Disposed	5144375	Direct
2012-02-29	Common Stock	S	123031	$98.89	Disposed	5021344	Direct
2012-03-01	Common Stock	S	476400	$97.43	Disposed	4544944	Direct

Footnotes

F1: Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 28, 2012. The actual sale prices ranged from a low of $100.00 to a high of $102.88. 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 February 29, 2012. The actual sale prices ranged from a low of $97.36 to a high of $102.00. 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 March 1, 2012. The actual sale prices ranged from a low of $96.58 to a high of $98.81. 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.