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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* SODERBERG PETER H (Last) (First) (Middle) 1069 STATE ROUTE 46 EAST (Street) BATESVILLE IN 47006 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Hill-Rom Holdings, Inc. [ HRC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) President and CEO
	3. Date of Earliest Transaction (Month/Day/Year) 12/31/2009
	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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units (Deferred Stock Award) 2/13/04	(1)	12/31/2009		A		12(2)		(3)	(3)	Common Stock	12	$23.99	2,939	D
Restricted Stock Units (Deferred Stock Award) 2/11/05	(1)	12/31/2009		A		15(2)		(3)	(3)	Common Stock	15	$23.99	3,708	D
Restricted Stock Units (DeferredStock Award) 5 yr. 3/20/06	(1)	12/31/2009		A		86		(4)	(4)	Common Stock	86	$23.99	20,162	D
Restricted Stock Units (Deferred Stock Award) 12/14/06 5 Yr	(1)	12/31/2009		A		112		(5)	(5)	Common Stock	112	$23.99	18,171	D
Restricted Stock Units (Deferred Stock Award) 12/6/07 5 Yr	(1)	12/31/2009		A		133		(6)	(6)	Common Stock	133	$23.99	31,127	D
Restricted Stock Units (Deferred Stock Award) 12/2/08 4 Yr.	(1)	12/31/2009		A		228		(7)	(7)	Common Stock	228	$23.99	53,678	D
Restricted Stock Units (Deferred Stock Award) 12/3/09	(1)	12/31/2009		A		37		(8)	(8)	Common Stock	37	$23.99	8,636	D

Explanation of Responses:

1. Conversion or Exercise Price of Derivative Security is 1-for-1.

2. Restricted Stock units are entitled to dividend equivalent rights, which accrue on dividend record dates.

3. These restricted stock units vest on the date of the grant but delivery of the underlying shares of common stock will not occur until the later of one year from the date of the grant, or the six-month anniversary of the date that the Director ceases to be a member of the Board of Directors of the Company.

4. Restricted stock units vest 25% on 3/21/10 and 30% on 3/21/11. Stock units are entitled to dividend equivalent rights, which accrue on dividend record dates.

5. These restricted stock units vest 25% on 12/15/2010 and 30% on 12/15/2011. Stock units are entitled to dividend equivalent rights, which accrue on dividend record dates.

6. Restricted Stock Units vest 25% on 12/07/2010, 25% on 12/07/2011 and 30% on 12/07/2012. Stock units will automatically be converted into shares of common stock in accordance with the respective vesting schedule unless a previous deferral election has been made. Stock units are entitled to dividend equivalent rights, which accrue on dividend record dates.

7. Restricted Stock Units vest 50% on 12/3/2010, 25% on 12/3/2011 and 25% on 12/3/2012. Stock units will automatically be converted into shares of common stock in accordance with the respective vesting schedule unless a previous deferral election has been made. Stock units are entitled to dividend equivalent rights, which accrue on dividend record dates.

8. Restricted Stock Units vest 25% on 12/4/2010, 25% on 12/4/2011, 25% on 12/4/2012 and 25% on 12/4/2013. Stock units will automatically be converted into shares of common stock in accordance with the respective vesting schedule unless a previous deferral election has been made. Stock units are entitled to dividend equivalent rights, which accrue on dividend record dates.

	Donna Isaacs, as Attorney-in-Fact for Peter H. Soderberg	01/05/2010
	** Signature of Reporting Person	Date
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