NEOGEN CORP — Director's Dealing 2010

Oct 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEOGEN CORP (NEOG)
CIK: 0000711377
Period of Report: 2010-09-29

Reporting Person: CURRENT RICHARD R (Vice Preident & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-29	Common Stock	M	4628	$8.18	Acquired	51422	Direct
2010-09-29	Common Stock	S	4628	$34.3897	Disposed	46794	Direct
2010-09-29	Common Stock	M	5350	$9.02	Acquired	52144	Direct
2010-09-29	Common Stock	S	5350	$34.3897	Disposed	46794	Direct
2010-09-29	Common Stock	M	1862	$9.02	Acquired	48656	Direct
2010-09-29	Common Stock	S	1862	$34.3897	Disposed	46794	Direct
2010-09-30	Common Stock	M	4540	$9.02	Acquired	51334	Direct
2010-09-30	Common Stock	S	4540	$33.9592	Disposed	46794	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-29	Common Stock Option (Right to buy)	$8.18	M	4628	Disposed	2010-10-31	Common Stock (4628)	Direct
2010-09-29	Common Stock Options (Right to buy)	$9.02	M	5350	Disposed	2011-11-03	Common Stock (5350)	Direct
2010-09-30	Common Stock Options (Right to buy)	$9.02	M	1862	Disposed	2011-11-03	Common Stock (1862)	Direct
2010-09-30	Common Stock Options (Right to Buy)	$9.02	M	4540	Disposed	2011-11-03	Common Stock (4540)	Direct

Footnotes

F1: The options were granted 10/31/05 as ISO options with 5 year lives. The options vested 20% per year for 5 years.

F2: The options were granted 11/3/06 as ISO options with 5 year lives. The options vested 20% yearly for 5 years.

F3: The options were granted 11/3/06 as non-qualified options with a 5 year life. The options vested 20% per year for 5 years.