| 1 |  Selections by roundRound one| # | Player | Nationality | NHL team | College/junior/club team | | 1 | Ryan Nugent-Hopkins | CanadaRound two| # | Player | Nationality | NHL team | College/junior/club team | | 31 | David Musil | Czech RepublicRound three;Notes
- The Colorado Avalanche's third-round pick went to the New York Islanders as the result of a trade on June 26, 2010, that sent a fourth-round pick in 2010 to Colorado in exchange for this pick.
- The New York Islanders' third-round pick went to the Anaheim Ducks as the result of a trade on July 30, 2010, that sent James Wisniewski to New York in exchange for this pick. The condition – New York had to choose to send either their own pick or the pick previously acquired from Colorado, until June 1, 2011 – was converted at an unknown date.
- The Ottawa Senators' third-round pick went to the Columbus Blue Jackets as the result of a trade on June 25, 2011, that sent Nikita Filatov to Ottawa in exchange for this pick.
- The Columbus Blue Jackets' third-round pick went to the Philadelphia Flyers as the result of a trade on June 23, 2011, that sent Jeff Carter to Columbus in exchange for Jakub Voracek, a first-round pick in 2011 and this pick.
- The New Jersey Devils' third-round pick was forfeited as the result of a penalty sanction due to cap circumvention when signing Ilya Kovalchuk. The penalty includes a fine of $3 million, a forfeiture of one first-round pick between 2011 and 2014 as determined by the Devils, and this pick.
- The Toronto Maple Leafs' third-round pick went to the Chicago Blackhawks as the result of a trade on September 5, 2009, that sent Toronto's own second-round pick in 2010 back to Toronto in exchange for Calgary's second-round pick in 2011 and this pick.
- The Minnesota Wild's third-round pick went to the Vancouver Canucks as the result of a trade on June 25, 2011, that sent a second-round pick in 2011 to Minnesota in exchange for a fourth-round pick in 2011 and this pick.
- The St. Louis Blues' third-round pick went to the New York Rangers as the result of a trade on June 25, 2011, that sent Evgeny Grachyov to St. Louis in exchange for this pick.
- The Calgary Flames' third-round pick went to the Edmonton Oilers as the result of a trade on March 3, 2010, that sent Steve Staios to the Flames in exchange for Aaron Johnson and this pick. The condition – Calgary elects to transfer its own third-round pick in 2011 instead of 2010 – was converted on June 26, 2010, when Calgary retained their 2010 pick.
- The Dallas Stars' third-round pick went to the New Jersey Devils as the result of a trade on January 7, 2011, that sent Jamie Langenbrunner to Dallas in exchange for a conditional pick in 2012 and this pick. The condition – Dallas does not win a round of the 2011 Stanley Cup playoffs and does not re-sign Langenbrunner prior to the 2011 Draft – was converted on June 24, 2011.
- The New York Rangers' third-round pick went to the Florida Panthers as the result of a trade on February 26, 2011, that sent Bryan McCabe to New York in exchange for Tim Kennedy and this pick.
- The Montreal Canadiens' third-round pick went to the Winnipeg Jets as the result of a trade on June 25, 2011, that sent Winnipeg's and Montreal's own fourth-round picks in 2011 to Montreal in exchange for this pick.
- The Phoenix Coyotes' third-round pick went to the Boston Bruins as the result of a trade on March 3, 2010, that sent Derek Morris to Phoenix in exchange for this pick. The condition – Morris is re-signed by Phoenix for the 2010–11 season – was converted on July 1, 2010.
- The Nashville Predators' third-round pick went to the Los Angeles Kings as the result of a trade on June 25, 2011, that sent Los Angeles' sixth-round pick in 2011 and Toronto's third-round pick in 2012 to Nashville in exchange for this pick.
- The Pittsburgh Penguins' third-round pick went to the Phoenix Coyotes as the result of a trade on June 7, 2011, that sent Ilya Bryzgalov to Philadelphia in exchange for Matt Clackson, future considerations and this conditional pick. The condition – Philadelphia signs Bryzgalov before the start of the third round of the draft – was converted on June 23, 2011.
- :Philadelphia previously acquired the pick as the result of a trade on June 25, 2010, that sent Dan Hamhuis to Pittsburgh in exchange for this pick.
- The Philadelphia Flyers' third-round pick went to the Toronto Maple Leafs as the result of a trade on February 14, 2011, that sent Kris Versteeg to Philadelphia in exchange for a first-round pick in 2011 and this pick.
- The Washington Capitals' third-round pick went to the Florida Panthers as the result of a trade on February 28, 2011, that sent Dennis Wideman to Washington in exchange for Jake Hauswirth and this pick.
- The Tampa Bay Lightning's third-round pick went to the St. Louis Blues as a result of a trade on February 18, 2011, that sent Eric Brewer to Tampa Bay in exchange for Brock Beukeboom and this pick.
- The Boston Bruins' third-round pick went to the Florida Panthers as the result of a trade on June 22, 2010, that sent Nathan Horton and Gregory Campbell to Boston in exchange for Dennis Wideman, Boston's first-round pick in 2010 and this pick.
Round four ;Notes
- The Florida Panthers' fourth-round pick went to the Nashville Predators as the result of a trade on August 5, 2010, that sent Mike Santorelli to Florida in exchange for this pick. The condition which upgraded the original fifth-round pick to this pick is unknown.
- The Winnipeg Jets' fourth-round pick went to the Montreal Canadiens as the result of a trade on June 25, 2011, that sent Montreal's third-round pick in 2011 to Winnipeg in exchange for Montreal's fourth-round pick in 2011 and this pick.
- The Minnesota Wild's fourth-round pick went to the Vancouver Canucks as the result of a trade on June 25, 2011, that sent Vancouver's second-round pick in 2011 to Minnesota in exchange for the Minnesota's third-round pick in 2011 and this pick.
- The Montreal Canadiens' fourth-round pick was re-acquired from the Winnipeg Jets as the result of a trade on June 25, 2011, that sent Montreal's third-round pick in 2011 to Winnipeg in exchange for Winnipeg's fourth-round pick in 2011 and this pick.
- :Winnipeg previously acquired the pick as the result of a trade on February 24, 2011, that sent Brent Sopel and Nigel Dawes from the Atlanta Thrashers to Montreal in exchange for Ben Maxwell and this pick.
- The Anaheim Ducks' fourth-round pick went to the Montreal Canadiens as the result of a trade on December 2, 2009, that sent Kyle Chipchura to Anaheim in exchange for this pick.
- The Pittsburgh Penguins' fourth-round pick went to the Edmonton Oilers as the result of a trade on January 17, 2009, that sent Mathieu Garon to Pittsburgh in exchange for Dany Sabourin, Ryan Stone and this pick.
- The Tampa Bay Lightning's fourth-round pick went to the Philadelphia Flyers as the result of a trade on July 19, 2010, that sent Simon Gagne to Tampa Bay in exchange for Matt Walker and this pick.
- The San Jose Sharks' fourth-round pick went to the Winnipeg Jets as the result of a trade on June 25, 2011, that sent Carolina's fifth-round pick and Calgary's seventh-round pick both in 2011 to San Jose in exchange for this pick.
Round five ;Notes
- The Winnipeg Jets' fifth-round pick went to the New York Islanders as the result of a trade on June 26, 2010, that sent the New York Islanders and New York Rangers' sixth-round picks in 2010 to the Atlanta Thrashers in exchange for this pick.
- The Carolina Hurricanes' fifth-round pick went to the San Jose Sharks as the result of a trade on June 25, 2011, that sent San Jose's fourth-round pick in 2011 to Winnipeg in exchange for Calgary's seventh-round pick in 2011 and this pick.
- :Winnipeg previously acquired the pick as the result of a trade on February 28, 2011, that sent Niclas Bergfors and Patrick Rissmiller from the Atlanta Thrashers to Florida in exchange for Radek Dvorak and this pick.
- :Florida previously acquired this pick as the result of a trade on February 24, 2011, that sent Cory Stillman to Carolina in exchange for Ryan Carter and this pick.
- The Calgary Flames' fifth-round pick went to the New York Rangers as the result of a trade on June 1, 2011, that sent Roman Horak and Washington and New York's second-round picks in 2011 to Calgary in exchange for Tim Erixon and this pick.
- The Philadelphia Flyers' fifth-round pick went to the Detroit Red Wings as the result of a trade on February 6, 2010, that sent Ville Leino to Philadelphia in exchange for Ole-Kristian Tollefsen and this pick.
- The San Jose Sharks' fifth-round pick went to the Winnipeg Jets as the result of a trade on January 18, 2011, that sent Ben Eager from the Atlanta Thrashers to San Jose in exchange for this pick.
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