Edgar Filing: DEERE & CO

Ownership Submission

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

JENKINS JAMES R

2. Issuer Name and Ticker or Trading Symbol
DEERE & CO [DE]

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

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Senior V.P. & General Counsel

(Last)

(First)

(Middle)

DEERE & COMPANY, ONE JOHN DEERE PLACE

3. Date of Earliest Transaction (Month/Day/Year)
03/07/2007

(Street)

MOLINE, IL 61265

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)
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)
$1 Par Common Stock ⁽¹⁾ ⁽²⁾ ⁽³⁾	03/07/2007		M		3,000	A	$ 45.8	69,032	D
$1 Par Common Stock ⁽¹⁾ ⁽²⁾ ⁽³⁾	03/07/2007		S		3,000	D	$ 109.9	66,032	D
$1 Par Common Stock ⁽¹⁾ ⁽²⁾ ⁽³⁾	03/07/2007		M		2,040	A	$ 61.64	68,072	D
$1 Par Common Stock ⁽¹⁾ ⁽²⁾ ⁽³⁾	03/07/2007		S		2,040	D	$ 110.75	66,032	D
$1 Par Common Stock ⁽¹⁾ ⁽²⁾ ⁽³⁾	03/07/2007		M		2,500	A	$ 69.37	68,532	D
$1 Par Common Stock ⁽¹⁾ ⁽²⁾ ⁽³⁾	03/07/2007		S		2,500	D	$ 109.54	66,032	D
$1 Par Common Stock ⁽¹⁾ ⁽²⁾ ⁽³⁾	03/07/2007		M		2,040	A	$ 68.88	68,072	D
$1 Par Common Stock ⁽¹⁾ ⁽²⁾ ⁽³⁾	03/07/2007		S		2,040	D	$ 109.26	66,032	D
$1 Par Common Stock ⁽¹⁾ ⁽²⁾ ⁽³⁾	03/07/2007		M		2,040	A	$ 68.88	68,072	D
$1 Par Common Stock ⁽¹⁾ ⁽²⁾ ⁽³⁾	03/07/2007		S		2,040	D	$ 111	66,032 ⁽⁴⁾	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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.		SEC 1474 (9-02)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Market Priced Options ⁽²⁾ ⁽³⁾

$ 45.8

03/07/2007

3,000

⁽⁵⁾

12/11/2012

Common Stock

3,000

$ 0

3,000

Market Priced Options ⁽²⁾ ⁽³⁾

$ 61.64

03/07/2007

2,040

⁽⁶⁾

12/10/2013

Common Stock

2,040

$ 0

12,270

Market Priced Options ⁽²⁾ ⁽³⁾

$ 69.37

03/07/2007

2,500

⁽⁷⁾

12/08/2014

Common Stock

2,500

$ 0

24,272

Market Priced Options ⁽²⁾ ⁽³⁾

$ 68.88

03/07/2007

4,080

⁽⁸⁾

12/07/2015

Common Stock

4,080

$ 0

19,830

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
JENKINS JAMES R DEERE & COMPANY ONE JOHN DEERE PLACE MOLINE, IL 61265			Senior V.P. & General Counsel

Signatures

/s/ Paul Wilczynski, Assistant Secretary, Deere & Company, Under Power of Attorney		03/08/2007
^**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)	References to Deere & Company stock include associated preferred stock rights.
(2)	Exercise of Rule 16b-3 options and related sale of shares pursuant to a Rule 10(b)5-1 stock option exercise plan executed on December 7, 2006.
(3)	All options include the ability to withhold shares upon the exercise of the option to satisfy income tax obligations.
(4)	Includes 52,943 restricted stock units subject to restrictions or limitations under the John Deere Omnibus Equity and Incentive Plan. Shares are not held by reporting person during the period of limitation or restriction. Units include the ability to have shares withheld to satisfy income tax obligations.
(5)	The options become exercisable in three approximately equal installments on December 11, 2003, 2004 and 2005.
(6)	The options become exercisable in three approximately equal installments on December 10, 2004, 2005 and 2006.
(7)	The options become exercisable in three approximately equal installments on December 8, 2005, 2006 and 2007.
(8)	The options become exercisable in three approximately equal installments on December 7, 2006, 2007 and 2008.

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