NEOGEN CORP — Director's Dealing 2011

Apr 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEOGEN CORP (NEOG)
CIK: 0000711377
Period of Report: 2011-04-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-01	Common Stock	M	26000	$13.55	Acquired	851424	Direct
2011-04-01	Common Stock	S	26000	$41.132	Disposed	825424	Direct
2011-04-01	Common Stock	M	2109	$19.55	Acquired	827533	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-01	Common Stock Option (Right to buy)	$13.55	M	26000	Disposed	2012-08-09	Common Stock (26000)	Direct
2011-04-01	Common Stock Option (Right to buy)	$19.55	M	4001	Disposed	2014-08-24	Common Stock (4001)	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 in trust for the benefit of Judith Herbert, spouse of James Herbert.

F3: The options were graqnted 8/9/2007 and became exercisable 20% yearly thereafter.

F4: The options were granted 8/24/2009 and became exercisable 20% yearly thereafter