NEOGEN CORP — Director's Dealing 2011

Nov 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEOGEN CORP (NEOG)
CIK: 0000711377
Period of Report: 2011-11-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-16	Common Stock	M	1992	$19.55	Acquired	831053	Direct
2011-11-17	Common Stock	S	2280	$38.26	Disposed	828773	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-16	Common Stock (Right to Buy)	$19.55	M	4074	Disposed	2014-08-24	Common Stock (4074)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	194320	Indirect

Footnotes

F1: The option plan provides for the exchange of outstanding options for currently valued shares in an amount equal to the employee's equity in the options held.

F2: The shares are held for the benefit of Judith Herbert, spouse of James Herbert

F3: The options were granted 8/24/09, and vest 20% each year for five years.