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^*

Ney Nelson

(Last)

(First)

(Middle)

200 WEST STUART ROOSA DRIVE

(Street)

CLAREMORE

74017

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/13/2007

3. Issuer Name and Ticker or Trading Symbol
BAKER HUGHES INC [ BHI ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President

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, $1.00 Par Value	450.0636	D

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)
Common Stock, $1.00 Par Value⁽¹⁾⁽²⁾	01/28/2005	01/28/2014	Common Stock, $1.00 Par Value	417	$35.81	D
Common Stock, $1.00 Par Value⁽¹⁾⁽³⁾	07/28/2005	07/28/2014	Common Stock, $1.00 Par Value	417	$39.23	D
Common Stock, $1.00 Par Value⁽¹⁾⁽⁴⁾	01/26/2006	01/26/2015	Common Stock, $1.00 Par Value	770	$42.6	D
Common Stock, $1.00 Par Value⁽¹⁾⁽⁵⁾	07/27/2006	07/27/2015	Common Stock, $1.00 Par Value	1,067	$56.21	D
Common Stock, $1.00 Par Value⁽¹⁾⁽⁶⁾	01/25/2007	01/25/2016	Common Stock, $1.00 Par Value	847	$75.06	D
Common Stock, $1.00 Par Value⁽¹⁾⁽⁷⁾	07/27/2007	07/27/2016	Common Stock, $1.00 Par Value	847	$80.73	D
Common Stock, $1.00 Par Value⁽¹⁾⁽⁸⁾	01/24/2008	01/24/2017	Common Stock, $1.00 Par Value	763	$68.54	D
Common Stock, $1.00 Par Value⁽¹⁾⁽⁹⁾	07/25/2008	07/25/2017	Common Stock, $1.00 Par Value	847	$82.28	D
Restricted Stock Units⁽¹⁰⁾⁽¹¹⁾⁽¹²⁾	01/26/2006	01/26/2015	Restricted Stock Units	218	$42.6	D
Restricted Stock Units⁽¹⁰⁾⁽¹¹⁾⁽¹³⁾	01/25/2007	01/25/2017	Restricted Stock Units	613	$75.06	D
Rrestricted Stock Units⁽¹⁰⁾⁽¹¹⁾⁽¹⁴⁾	01/24/2008	01/24/2017	Restricted Stock Units	929	$68.54	D

Explanation of Responses:

1. Option granted pursuant to the terms of the Company's 2002 Employee Long-Term Incentive Plan.

2. Option vests in three equal annual installments beginning January 28, 2005.

3. Option vests in three equal annual installments beginning July 28, 2005.

4. Option vests in three equal annual installments, beginning January 26, 2006.

5. Option vests in three equal annual installments beginning July 27, 2006.

6. Option vests in three equal annual installments, beginning January 25, 2007.

7. Option vests in three equal annual installments beginning July 27, 2007.

8. Option vests in three equal annual installments, beginning January 24, 2008.

9. Option vests in three equal annual installments beginning July 25, 2008.

10. Each restricted stock unit represents a contingent right to receive one share of Baker Hughes common stock.

11. Restricted Stock Unit granted pursuant to the terms of the Company's 2002 Employee Long-Term Incentive Plan.

12. Restricted Stock Unit vests in three equal annual installments, beginning January 26, 2006.

13. Restricted Stock Award to independent director. Vests one-third each year, beginning January 25, 2007.

14. Restricted Stock Unit vests in three equal annual installments, beginning January 24, 2008.

Remarks:

	Sandra E. Alford Attorney-in-Fact	12/20/2007
	** 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.