NEOGEN CORP — Director's Dealing 2010

Oct 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEOGEN CORP (NEOG)
CIK: 0000711377
Period of Report: 2010-10-07

Reporting Person: HERBERT JAMES L (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-07	Common Stock	M	578	$6.753	Acquired	813975	Direct
2010-10-07	Common Stock	S	578	$34.041	Disposed	813397	Direct
2010-10-08	Common Stock	M	1704	$6.753	Acquired	815101	Direct
2010-10-08	Common Stock	S	1704	$34.0686	Disposed	813397	Direct
2010-10-11	Common Stock	M	11247	$6.753	Acquired	824644	Direct
2010-10-11	Common Stock	S	11247	$34.0055	Disposed	813397	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-07	Common Stock Options (Right to buy)	$6.753	M	578	Disposed	2013-10-10	Common Stock (578)	Direct
2010-10-08	Common Stock Options (Right to buy)	$6.753	M	1704	Disposed	2013-10-10	Common Stock (1704)	Direct
2010-10-11	Common Stock Option (Right to buy)	$6.753	M	11247	Disposed	2013-10-10	Common Stock (11247)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	194320	Indirect

Footnotes

F1: Shares held in trust for Mr. Herbert's wife, Judith Herbert

F2: The options were grnnted on 10/10/03 as Non-qualified stock options and became exercisable 33% yearly thereafter.