NEOGEN CORP - Director's Dealing 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEOGEN CORP (NEOG)
CIK: 0000711377
Period of Report: 2010-09-29

Reporting Person: REED THOMAS H (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-29	Common Stock	M	1868	$6.753	Acquired	3556	Direct
2010-09-29	Common Stock	S	1868	$34.392	Disposed	1688	Direct
2010-09-30	Common Stock	M	7	$6.753	Acquired	1695	Direct
2010-09-30	Common Stock	S	7	$34.139	Disposed	1688	Direct
2010-09-30	Common Stock	M	1284	$9.087	Acquired	2972	Direct
2010-09-30	Common Stock	S	1284	$34.139	Disposed	1688	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-29	Common Stock Option (Right to buy)	$6.753	M	1868	Disposed	2013-10-10	Common Stock (1868)	Direct
2010-09-30	Common Stock Options (Right to buy)	$6.753	M	7	Disposed	2013-10-10	Common Stock (7)	Direct
2010-09-30	Common Stock Option (Right to buy)	$9.087	M	1284	Disposed	2014-12-21	Common Stock (1284)	Direct

F1: The options were granted 10/10/03 as non-qualified options with 10 year lives. The options vested 33% yearly for 3 years.

F2: The options were granted 12/21/04 as non-qualified options with 10 year lives. The options vested 33% per year for 3 years