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: HERBERT JAMES L (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-29	Common Stock	M	4400	$6.753	Acquired	817797	Direct
2010-09-29	Common Stock	S	4400	$34.39	Disposed	813697	Direct
2010-09-30	Common Stock	M	1958	$9.087	Acquired	815355	Direct
2010-09-30	Common Stock	S	1958	$34.0446	Disposed	813397	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-29	Common Stock Options (Right to buy)	$6.753	M	4400	Disposed	2013-10-10	Common Stock (4400)	Direct
2010-09-30	Common Stock Option (right to buy)	$9.087	M	1958	Disposed	2014-12-21	Common Stock (1958)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	194320	Indirect

Footnotes

F1: Shares held in trust for the benifit of Mr. Herbert's wife Judith Herbert

F2: The options were granted 10/10/03 as non-qualified options with 10 year lives. The options vested 33% per year for 3 years

F3: The options were granted 12/21/04 as non-qualifed options with 10 year lives. The options vested 33% per year for 3 years.