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 OF SECURITIES
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Johnson Kathleen 		2. Issuer Name and Ticker or Trading Symbol

BRADY CORP [ BRC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Accounting Officer
(Last)          (First)          (Middle)

6555 WEST GOOD HOPE RD 		3. Date of Earliest Transaction (MM/DD/YYYY)

2/18/2011
(Street)

MILWAUKEE, WI 53223
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Class A Common Stock                  741.848   D  
 
Class A Common Stock   (1) 1/20/2011     A    34.2528   A $33.01   6060.1737   D  
 
Class A Common Stock   (1) 1/25/2011     A    .2221   A $32.05   6060.3958   D  
 
Class A Common Stock   (1) 1/28/2011     A    .0006   A $33.29   6060.3964   D  
 
Class A Common Stock   (1) 2/2/2011     A    42.7967   A $33.58   6103.1931   D  
 
Class A Common Stock   (3) 2/18/2011     M    3500   A $16.00   3500   D  
 
Class A Common Stock   (3) 2/18/2011     F    3500   D $35.00   0   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Deferred Compensation Units   (2)   (2)                    (2)   (2) Class A Common Stock     (4)   5769.4651   D  
 
Stock Option   $16.00   2/18/2011     J      3500       11/1/2001   11/1/2011   Class A Common Stock   3500   $16.00   3500   D  
 

Explanation of Responses:
( 1)  Represents shares of Class A Common Stock purchased under the issuer's 401(K) payroll deduction plan.
( 2)  The deferred compensation stock units were acquired under the Brady Corporation employee deferred compensation plan. Each deferred compensation unit is the economic equivalent of one share of Class A Common Stock. The deferred compensation units become payable in shares of Brady's Class A Common Stock upon the reporting persons cessation of service as an employee of Brady Corporation.
( 3)  On February 18, 2011 Ms. Johnson did a "net exercise" of 3,500 stock options (each with an expiration date of November 1, 2011). In that "net exercise," Ms. Johnson acquired 3,500 shares of common stock. The number of shares was net the amount of shares that Brady withheld for the payment of the options' exercise price and taxes incident to the exercise.
( 4)  Includes 31.0306 shares acquired on February 3, 2011 pursuant to a dividend reinvestment.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Johnson Kathleen
6555 WEST GOOD HOPE RD
MILWAUKEE, WI 53223

Chief Accounting Officer

Signatures
Krista Ebbens, as Attorney-In-Fact 2/21/2011
** 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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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