Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
  Groenwald Susan
 2. Date of Event Requiring Statement (Month/Day/Year)
11/10/2010		 3. Issuer Name and Ticker or Trading Symbol
DEVRY INC [DV]
(Last)
(First)
(Middle)
3005 HIGHLAND PARKWAY		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) __X__ Other (specify below)
President, Chamberlai / President, Chamberlai
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DOWNERS GROVE, IL 60515		 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 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 (1) 1,760
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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.

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 of Derivative Security: 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
Incentive Stock Option (right to buy)   (2) 01/03/2016 Common Stock 2,000 $ 19.45 D  
Incentive Stock Option (right to buy)   (2) 10/03/2016 Common Stock 900 $ 21.62 D  
Incentive Stock Option (right to buy)   (2) 08/31/2017 Common Stock 2,000 $ 34.53 D  
Incentive Stock Option (right to buy)   (3) 08/27/2020 Common Stock 4,433 $ 38.71 D  
Incentive Stock Option (right to buy)   (4) 08/28/2018 Common Stock 1,525 $ 51.23 D  
Incentive Stock Option (right to buy)   (4) 08/28/2019 Common Stock 2,500 $ 52.28 D  
Non-Qualified Stock Option (right to buy)   (4) 08/27/2020 Common Stock 2,717 $ 38.71 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Groenwald Susan
3005 HIGHLAND PARKWAY
DOWNERS GROVE, IL 60515		       President, Chamberlai President, Chamberlai

Signatures

By: Robyn B. Martin For: Susan Groenwald 11/15/2010
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The common stock is a restricted stock unit which represents a right to receive one share of common stock for each restricted stock unit. Stock units vest in four equal installments beginning on the anniversary of the transaction date.
(2) This option vests at 20% per year. This option will be fully vested at the end of the 5th year.
(3) This option vests at 25% per year. This option will be fully vested at the end of the 4th year. This option was issued in two parts- one as an ISO and the other as a non-qualified option due to the ISO limitations.
(4) This option vests at 25% per year. This option will be fully vested at the end of the 4th year.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.