Turner Kathy V Form 3 IDEXX LABORATORIES / Kathy V Turner ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Turner Kathy V

(Last) (First) (Middle)

C/O IDEXX LABORATORIES, INC.

ONE IDEXX DRIVE

(Street)

WESTBROOK ME 04092

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/09/2018

3. Issuer Name and Ticker or Trading Symbol
IDEXX LABORATORIES INC /DE [ IDXX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Corporate Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,806	D
Common Stock	100(1)	I	by spouse

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(2)	(2)	Common Stock	3,870(2)	(2)	D
Non-Qualified Stock Option (right-to-buy)	(3)	05/31/2024	Common Stock	276(13)	64.24(13)	D
Incentive Stock Option (right-to-buy)	(4)	05/31/2024	Common Stock	7,780(13)	64.24(13)	D
Non-Qualified Stock Option (right-to-buy)	(5)	02/13/2025	Common Stock	19,354(13)	79.54(13)	D
Incentive Stock Option (right-to-buy)	(6)	02/13/2025	Common Stock	1,256(13)	79.54(13)	D
Non-Qualified Stock Option (right-to-buy)	(7)	02/13/2026	Common Stock	22,028	67.85	D
Incentive Stock Option (right-to-buy)	(8)	02/13/2026	Common Stock	1,476	67.85	D
Non-Qualified Stock Option (right-to-buy)	(9)	02/13/2027	Common Stock	10,386	141.6	D
Incentive Stock Option (right-to-buy)	(10)	02/13/2027	Common Stock	706	141.6	D
Non-Qualified Stock Option (right-to-buy)	(11)	02/13/2028	Common Stock	10,148	178.26	D
Incentive Stock Option (right-to-buy)	(12)	02/13/2028	Common Stock	560	178.26	D

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of the shares of common stock held by her spouse except to the extent of her pecuniary interest therein.

2. Each restricted stock unit represents a contingent right to receive one share of IDEXX Laboratories, Inc. common stock and vest in five equal annual installments beginning on the first anniversary of the date of grant. The number of restricted stock units reported was adjusted to reflect a 2-for-1 stock split in the form of a 100% stock dividend on IDEXX Laboratories, Inc. common stock paid on June 15, 2015 (the "Stock Split").

3. Grant of option to buy 138 shares of Issuer common stock that vests in five annual installments beginning on June 1, 2015, without giving effect to the Stock Split.

4. Grant of option to buy 3,890 shares of Issuer common stock that vests in one installment on June 1, 2019, without giving effect to the Stock Split.

5. Grant of option to buy 4,993 shares of Issuer common stock that vests in five annual installments beginning on February 14, 2016, without giving effect to the Stock Split.

6. Grant of option to buy 628 shares of Issuer common stock that vests in one installment on February 14, 2020, without giving effect to the Stock Split.

7. Grant of option to buy 11,347 shares of Issuer common stock that vests in five annual installments beginning on February 14, 2017.

8. Grant of option to buy 1,474 shares of Issuer common stock that vests as to 1 share on February 14, 2017, February 14, 2018 and February 14, 2020, respectively, and as to the remainder on February 14, 2021.

9. Grant of option to buy 10,386 shares of Issuer common stock that vests in five annual installments beginning on February 14, 2018.

10. Grant of option to buy 706 shares of Issuer common stock that vests in one installment on February 14, 2022.

11. Grant of option to buy 10,148 shares of Issuer common stock that vests in five annual installments beginning on February 14, 2019.

12. Grant of option to buy 560 shares of Issuer common stock that vests in one installment on February 14, 2023.

13. The number of derivative securities reported as beneficially owned and price with respect to this option were adjusted to reflect the Stock Split.

	/s/ Kathy V. Turner	05/21/2018
	** Signature of Reporting Person	Date
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 5 (b)(v).
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