NEOGEN CORP — Director's Dealing 2011

Nov 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEOGEN CORP (NEOG)
CIK: 0000711377
Period of Report: 2011-11-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-03	Common Stock	M	1728	$9.02	Acquired	829061	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-03	Common Stock (Right to Buy)	$9.02	S	2250	Disposed	2011-11-03	Common Stock (2250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	194320	Indirect

Footnotes

F1: The options were granted on 11/3/2006 and vested 20% each year for five years.

F2: The option plan provides for the exchage of outstanding options for currently valued shares in an amount equal to the employee's equity in the options held.

F3: The shares are held in trust for the benefit of Judith Herbert, spouse of James Herbert.