NEOGEN CORP — Director's Dealing 2011

Jan 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEOGEN CORP (NEOG)
CIK: 0000711377
Period of Report: 2011-01-06

Reporting Person: CURRENT RICHARD R (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-06	Common Stock	M	5850	$9.02	Acquired	54207	Direct
2011-01-06	Common Stock	S	5850	$39.1338	Disposed	48357	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-06	Common Stock Option (Right to buy)	$9.02	M	5850	Disposed	2011-11-03	Common Stock (5850)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	750	Indirect

Footnotes

F1: Shares are held jointly by Mr. Current and his Grandson Cameron George Current under UGMA

F2: The options were granted 11/3/06 as five year quaified options and became exercisable 20% yearly thereafter.