OMNICELL, INC. — Director's Dealing 2011

Jan 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OMNICELL, Inc (OMCL)
CIK: 0000926326
Period of Report: 2011-01-20

Reporting Person: LIPPS RANDALL A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-20	Common Stock	M	2676	$5.60	Acquired	75938	Direct
2011-01-20	Common Stock	S	2677	$13.78	Disposed	73262	Direct
2011-01-20	Common Stock	M	7220	$5.15	Acquired	80482	Direct
2011-01-20	Common Stock	S	7220	$13.78	Disposed	73262	Direct
2011-01-20	Common Stock	M	1160	$5.15	Acquired	74422	Direct
2011-01-20	Common Stock	S	1160	$13.78	Disposed	73262	Direct
2011-01-20	Common Stock	M	940	$3.03	Acquired	74202	Direct
2011-01-20	Common Stock	S	940	$13.78	Disposed	73262	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-20	Stock Option (Right to Buy)	$5.60	M	2677	Disposed	2011-09-21	Common Stock (2677)	Direct
2011-01-20	Stock Option (Right to Buy)	$5.15	M	7220	Disposed	2012-05-02	Common Stock (7220)	Direct
2011-01-20	Stock Option (Right to Buy)	$5.15	M	1160	Disposed	2012-05-02	Common Stock (1160)	Direct
2011-01-20	Stock Option (Right to Buy)	$3.03	M	940	Disposed	2012-12-20	Common Stock (940)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	73262	Direct
Common Stock	420249	Indirect
Common Stock	54769	Indirect

Footnotes

F1: Shares held in trust with Mr. Lipps' wife.

F2: Shares held in trust for the benefit of Mr. Lipps' children.

F3: Shares sold pursuant to Rule 10b5-1 Plan dated February 24, 2010.