SEC FORM 3

SEC Form 3

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

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1. Name and Address of Reporting Person^*

EBERLE KARL M

(Last)

(First)

(Middle)

HARLEY-DAVIDSON, INC.

3700 WEST JUNEAU AVENUE

(Street)

MILWAUKEE

53208

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2007

3. Issuer Name and Ticker or Trading Symbol
HARLEY DAVIDSON INC [ HOG ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Sr. VP, Manufacturing

5. 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 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 (restricted stock)⁽¹⁾	6,424⁽²⁾	D
Common Stock	7,238.0847	I	By 401(k)
Common Stock	0.8128	I	By DRIP

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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (right to buy)⁽¹⁾	02/14/2007⁽³⁾	02/14/2016	Common Stock	7,302	$51.46	D
Stock Option (right to buy)⁽⁴⁾	02/10/2005⁽⁵⁾	02/10/2014	Common Stock	4,702	$52.45	D
Stock Option (right to buy)⁽¹⁾	02/15/2006⁽³⁾	02/15/2015	Common Stock	9,012	$61.2	D
Stock Option (right to buy)⁽¹⁾	02/14/2008⁽³⁾	02/14/2017	Common Stock	10,172	$68.91	D

Explanation of Responses:

1. Granted pursuant to the Harley-Davidson, Inc. 2004 Incentive Stock Plan.

2. Restricted stock granted pursuant to the Harley-Davidson, Inc. 2004 Incentive Stock Plan is subject to forfeiture until completion of a four year vesting period. Fifty percent of the shares of restricted stock granted may vest after two years based on performance.

3. The date of grant for this option is 10 years prior to its expiration date. The option was granted pursuant to the Harley-Davidson, Inc. 2004 Incentive Stock Plan, and the grant terms provided that the option would become exercisable for 25% of the original number of shares covered by the option (12,016 original shares for the grant on 2/15/2005; 9,736 original shares for the grant on 2/14/2006; and 10,172 original shares for the grant on 2/14/2007) on each of the first four anniversaries of the date of grant.

4. Granted pursuant to the Harley-Davidson, Inc. 1995 Stock Option Plan.

5. The date of grant for this option is 10 years prior to its expiration date. The option was granted pursuant to the Harley-Davidson, Inc. 1995 Stock Option Plan, and the grant terms provided that the option would become exercisable for 25% of the original number of shares covered by the option on each of the first four anniversaries of the date of grant (18,810 original shares were granted on 2/10/2004).

Remarks:

	Tonit M. Calaway, as power of atty.	11/08/2007
	** 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 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).
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.