NEOGEN CORP - Director's Dealing 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: REED THOMAS H (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-05	Common Stock	M	398	$9.087	Acquired	2086	Direct
2010-10-05	Common Stock	S	398	$34.0567	Disposed	1688	Direct
2010-10-05	Common Stock	M	1628	$8.18	Acquired	3316	Direct
2010-10-05	Common Stock	S	1628	$34.0567	Disposed	1688	Direct
2010-10-06	Common Stock	M	91	$8.18	Acquired	1779	Direct
2010-10-06	Common Stock	S	91	$34.05	Disposed	1688	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-05	Common Stock Options (Right-to-buy)	$9.087	M	398	Disposed	2014-12-21	Common Stock (398)	Direct
2010-10-05	Common Stock Option (Right-to-buy)	$8.18	M	1628	Disposed	2015-10-31	Common Stock (1628)	Direct
2010-10-06	Common Stock Option (Right-to-buy)	$8.18	M	91	Disposed	2015-10-31	Common Stock (91)	Direct

F1: The options were granted 12/21/04 as Non-Qualified stock options and became exercisable 33% yearly thereafter.

F2: The options were granted 10/31/05 as Non-Qualified stock options and became exercisable 33% yearly thereafter