SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Galperin Marcos

(Last)

(First)

(Middle)

ARIAS 3751, 7TH FLOOR

(Street)

BUENOS AIRES

C1430CRG

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MERCADOLIBRE INC [ MELI ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2011

4. 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 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Call Options (obligation to sell)	$105	11/10/2011		S			50	11/10/2011	06/16/2012	Common Stock	5,000	$510	100	D
Call Options (obligation to sell)	$105	11/10/2011		S			50	11/10/2011	06/16/2012	Common Stock	5,000	$530	150	D
Call Options (obligation to sell)	$105	11/14/2011		S			200	11/14/2011	06/16/2012	Common Stock	20,000	$500	350	D
Call Options (obligation to sell)	$105	11/14/2011		S			11	11/14/2011	06/16/2012	Common Stock	1,100	$530	361	D
Call Options (obligation to sell)	$105	11/14/2011		S			157	11/14/2011	06/16/2012	Common Stock	15,700	$540	518	D
Call Options (obligation to sell)	$105	11/14/2011		S			25	11/14/2011	06/16/2012	Common Stock	2,500	$570	543	D
Call Options (obligation to sell)	$105	11/14/2011		S			7	11/14/2011	06/16/2012	Common Stock	700	$580	550	D
Call Options (obligation to sell)	$110	11/10/2011		S			100	11/10/2011	06/16/2012	Common Stock	10,000	$400	150	D
Call Options (obligation to sell)	$110	11/14/2011		S			178	11/14/2011	06/16/2012	Common Stock	17,800	$400	328	D
Call Options (obligation to sell)	$110	11/14/2011		S			10	11/14/2011	06/16/2012	Common Stock	1,000	$410	338	D
Call Options (obligation to sell)	$110	11/14/2011		S			112	11/14/2011	06/16/2012	Common Stock	11,200	$420	450	D
Call Options (obligation to sell)	$115	11/10/2011		S			100	11/10/2011	06/16/2012	Common Stock	10,000	$300	200	D
Call Options (obligation to sell)	$115	11/14/2011		S			178	11/14/2011	06/16/2012	Common Stock	17,800	$290	378	D
Call Options (obligation to sell)	$115	11/14/2011		S			10	11/14/2011	06/16/2012	Common Stock	1,000	$300	388	D
Call Options (obligation to sell)	$115	11/14/2011		S			112	11/14/2011	06/16/2012	Common Stock	11,200	$310	500	D

Explanation of Responses:

Remarks:

	Jacobo Cohen Imach (Attorney-in-fact)	11/14/2011
	** 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 Number.