SEC FORM 3

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^*

Pearce Aaron James

(Last)

(First)

(Middle)

6555 W. GOOD HOPE ROAD

(Street)

MILWAUKEE

53223

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2010

3. Issuer Name and Ticker or Trading Symbol
BRADY CORP [ BRC ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	V.P., Treasurer, Dir. of I.R.

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)
Class A Common Stock⁽¹⁾	50.603	D
Class A Common Stock⁽²⁾	1,956.3495	D

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Deffered Compensation Units⁽³⁾	⁽³⁾	⁽³⁾	Class A Common Stock	2,899.3329	⁽³⁾	D
Class A Common Stock⁽⁴⁾	11/18/2005	11/18/2014	Option to Buy	3,000	$28.8425	D
Class A Common Stock⁽⁵⁾	11/30/2006	11/30/2015	Option to Buy	5,000	$37.83	D
Class A Common Stock⁽⁶⁾	11/30/2007	11/30/2016	Option to Buy	5,000	$38.19	D
Class A Common Stock⁽⁷⁾	12/04/2008	12/04/2017	Option to Buy	5,000	$38.31	D
Class A Common Stock⁽⁸⁾	07/22/2013	07/22/2018	Option to Buy	20,000	$36.07	D
Class A Common Stock⁽⁹⁾	12/04/2009	12/04/2018	Option to Buy	5,000	$20.95	D
Class A Common Stock⁽¹⁰⁾	09/25/2010	09/25/2019	Option to Buy	7,000	$28.73	D

Explanation of Responses:

1. Represents shares of Class A Common Stock purchased under the issuer's ESPP.

2. Represents shares of Class A Common Stock purchased under the issuer's 401(K) payroll deduction plan.

3. 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 share of Brady's Class A Common Stock upon the reporting persons cessation of service as an employee of Brady Corporation.

4. These options vested one-third each fiscal year 2005-2007, and are fully vested.

5. These options vested one-third each fiscal year 2006-2008, and are fully vested.

6. These options vested one- third each fiscal year 2007-2009, and are fully vested.

7. These options vest one-third each fiscal year 2008-2010.

8. These are cliff options and fully vest in 5 years after issuance on July 22, 2013.

9. These option vest one-third each fiscal year 2009-2011.

10. These options vest one-third each fiscal year 2010-2012.

Remarks:

	Krista Ebbens, as Attorney-in-fact	01/08/2010
	** 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).
** 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 Number.