Sec Form 4 Filing - DEADY CONAN R @ IDEXX LABORATORIES INC /DE - 2012-04-24

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
DEADY CONAN R
2. Issuer Name and Ticker or Trading Symbol
IDEXX LABORATORIES INC /DE [ IDXX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Corp VP, General Counsel & Sec
(Last) (First) (Middle)
ONE IDEXX DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
04/24/2012
(Street)
WESTBROOK, ME04092
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/24/2012 M 2,384 A $ 41.935 19,128 D
Common Stock 04/24/2012 M 1,704 A $ 41.935 20,832 D
Common Stock 04/24/2012 M 3,773 A $ 34.37 24,605 D
Common Stock 04/24/2012 M 3,609 A $ 36.09 28,214 D
Common Stock 04/24/2012 S 14,470 D $ 85.3124 ( 1 ) 13,744 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (right to buy) $ 41.935 04/24/2012 M 2,384 ( 2 ) 02/13/2014 Common Stock 2,384 $ 0 0 D
Non-Qualfied Stock Option (right to buy) $ 41.935 04/24/2012 M 1,704 ( 3 ) 02/13/2014 Common Stock 1,704 $ 0 0 D
Non-Qualified Stock Option (right to buy) $ 34.37 04/24/2012 M 3,773 ( 4 ) 02/13/2016 Common Stock 3,773 $ 0 4,635 D
Non-Qualified Stock Option (right to buy) $ 53.31 04/24/2012 M 3,609 ( 5 ) 02/13/2017 Common Stock 3,609 $ 0 8,950 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DEADY CONAN R
ONE IDEXX DRIVE
WESTBROOK, ME04092
Corp VP, General Counsel & Sec
Signatures
Jennifer L. Panciocco, Attorney-in-Fact for Conan R. Deady 04/26/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The sale price reported reflects the weighted average sale price of multiple transactions on the reported date at prices that ranged from $85.25 to $85.42, inclusive. The reporting person hereby undertakes to provide upon request to SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
( 2 )Grant of options to buy shares of common stock becomes exercisable as to 218 shares on 02/14/2011, and the remaining 2,384 shares on 02/14/2012.
( 3 )Grant of options to buy shares of common stock becomes exercisable as to 4,088 shares on 02/14/2008, 02/14/2009 and 02/14/2010, 3,870 shares on 02/14/2011, and the remaining 1,704 shares on 02/14/2012.
( 4 )Grant of options to buy shares of common stock becomes exercisable as to 3,772 shares on 02/14/2010 and 02/14/2013, 3,773 shares on 02/14/2011 and 02/14/2012, and the remaining 863 shares on 02/14/2014.
( 5 )Grant of options to buy shares of common stock becomes exercisable as to 3,609 shares on 02/14/2011, 02/14/2012 and 02/14/2013, 3,608 shares on 02/14/2014, and the remaining 1,733 shares on 02/14/2015.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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