NEOGEN CORP — Director's Dealing 2010

Oct 7, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEOGEN CORP (NEOG)
CIK: 0000711377
Period of Report: 2010-10-05

Reporting Person: MORRICAL TERRI A (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-05	Common Stock	M	693	$9.02	Acquired	10967	Direct
2010-10-05	Common Stock	S	683	$34.1062	Disposed	10274	Direct
2010-10-05	Common Stock	M	2086	$13.553	Acquired	12360	Direct
2010-10-05	Common Stock	S	2086	$34.1062	Disposed	10274	Direct
2010-10-06	Common Stock	M	137	$13.553	Acquired	10411	Direct
2010-10-06	Common Stock	S	137	$34.05	Disposed	10274	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-05	Common Stock Option (Right to buy)	$9.02	M	693	Disposed	2011-11-03	Common Stock (693)	Direct
2010-10-05	Common Stock Options (Right to buy)	$13.553	M	2086	Disposed	2012-08-09	Common Stock (2086)	Direct
2010-10-06	Common Stock Option (Right to buy)	$13.553	M	137	Disposed	2012-08-09	Common Stock (137)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20564	Indirect

Footnotes

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

F2: The options were granted 8/9/07 as Non-Qualified optins and became exercisable 20% yearly thereafter.