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 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 * 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 (Month/Day/Year) 02/18/2011 (Street) MILWAUKEE, WI 53223 4. If Amendment, Date 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 (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 Class A Common Stock               741.848 D   Class A Common Stock (1) 01/20/2011   A   34.2528 A $ 33.01 6,060.1737 D   Class A Common Stock (1) 01/25/2011   A   0.2221 A $ 32.05 6,060.3958 D   Class A Common Stock (1) 01/28/2011   A   0.0006 A $ 33.29 6,060.3964 D   Class A Common Stock (1) 02/02/2011   A   42.7967 A $ 33.58 6,103.1931 D   Class A Common Stock (3) 02/18/2011   M   3,500 A $ 16 3,500 D   Class A Common Stock (3) 02/18/2011   F   3,500 D $ 35 0 D

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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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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 (Month/Day/Year)

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

Deferred Compensation Units (2)

(2)

(2)

(2)

Class A Common Stock

(4)

5,769.4651

D

Stock Option

$ 16

02/18/2011

J

3,500

11/01/2001

11/01/2011

Class A Common Stock

3,500

$ 16

3,500

D

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		02/21/2011
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(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.

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