NEOGEN CORP — Director's Dealing 2010

Oct 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEOGEN CORP (NEOG)
CIK: 0000711377
Period of Report: 2010-10-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-01	Common Stock	M	443	$9.02	Acquired	47237	Direct
2010-10-01	Common Stock	S	443	$32.9655	Disposed	46794	Direct
2010-10-01	Common Stock	M	2124	$13.553	Acquired	48918	Direct
2010-10-01	Common Stock	S	2124	$32.9655	Disposed	46794	Direct
2010-10-01	Common Stock	M	15924	$13.553	Acquired	62718	Direct
2010-10-01	Common Stock	S	15924	$32.9655	Disposed	46794	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-01	Common Stock Options (Right to buy)	$9.02	M	443	Disposed	2011-11-03	Common Stock (443)	Direct
2010-10-01	Common Stock Option (Right to buy)	$13.553	M	2124	Disposed	2012-08-09	Common Stock (2124)	Direct
2010-10-01	Common Stock Option (Right to buy)	$13.553	M	15924	Disposed	2012-08-09	Common Stock (15924)	Direct

Footnotes

F1: The options were granted 11/3/06 as ISO options and became vested 20% yearly thereafter.

F2: The options were granted 8/9/07 as ISO options and became vested 20% yearly thereafter