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
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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*
NEVARES HECTOR M

(Last) (First) (Middle)
BOLIVIA 33 -- SUITE 303

(Street)
HATO REY PR 00917

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DEAN FOODS CO [ DF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/13/2007
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
Common Stock 03/13/2007 S(1) 1,300 D $45.55 618,968 D
Common Stock 03/13/2007 S(1) 2,700 D $45.56 616,268 D
Common Stock 03/13/2007 S(1) 2,900 D $45.5717 613,368 D
Common Stock 03/13/2007 S(1) 3,400 D $45.58 609,968 D
Common Stock 03/13/2007 S(1) 200 D $45.59 609,768 D
Common Stock 03/13/2007 S(1) 500 D $45.596 609,268 D
Common Stock 03/13/2007 S(1) 1,400 D $45.6 607,868 D
Common Stock 03/13/2007 S(1) 1,400 D $45.6029 606,468 D
Common Stock 03/13/2007 S(1) 900 D $45.6033 605,568 D
Common Stock 03/13/2007 S(1) 3,700 D $45.61 601,868 D
Common Stock 03/13/2007 S(1) 700 D $45.62 601,168 D
Common Stock 03/13/2007 S(1) 600 D $45.6267 600,568 D
Common Stock 03/13/2007 S(1) 600 D $45.6333 599,968 D
Common Stock 03/13/2007 S(1) 6,900 D $45.64 593,068 D
Common Stock 03/13/2007 S(1) 600 D $45.6417 592,468 D
Common Stock 03/13/2007 S(1) 600 D $45.65 591,868 D
Common Stock 03/13/2007 S(1) 400 D $45.655 591,468 D
Common Stock 03/13/2007 S(1) 500 D $45.656 590,968 D
Common Stock 03/13/2007 S(1) 600 D $45.66 590,368 D
Common Stock 03/13/2007 S(1) 300 D $45.6633 590,068 D
Common Stock 03/13/2007 S(1) 600 D $45.665 589,468 D
Common Stock 03/13/2007 S(1) 300 D $45.67 589,168 D
Common Stock 03/13/2007 S(1) 3,700 D $45.68 585,468 D
Common Stock 03/13/2007 S(1) 200 D $45.685 585,268 D
Common Stock 03/13/2007 S(1) 2,100 D $45.6867 583,168 D
Common Stock 03/13/2007 S(1) 400 D $45.69 582,768 D
Common Stock 03/13/2007 S(1) 1,600 D $45.6919 581,168 D
Common Stock 03/13/2007 S(1) 100 D $45.7 581,068 D
Common Stock 03/13/2007 S(1) 3,500 D $45.7063 577,568 D
Common Stock 03/13/2007 S(1) 200 D $45.715 577,368 D
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
Non-Qualified Stock Option (right to buy - T0000590) $8.2329 05/13/1997(2) 05/13/2007 Common Stock 149,025 149,025 D
Non-Qualified Stock Option (right to buy - T0000627) $8.2329 05/13/1997(2) 05/13/2007 Common Stock 27,461 27,461 D
Non-Qualified Stock Option (right to buy - SI000781) $16.5024 06/30/1998(2) 06/30/2008 Common Stock 22,500 22,500 D
Non-Qualified Stock Option (right to buy - T0000631) $16.5024 06/30/1998(2) 06/30/2008 Common Stock 4,146 4,146 D
Non-Qualified Stock Option (right to buy - SI001313) $11.7864 06/30/1999(2) 06/30/2009 Common Stock 22,500 22,500 D
Non-Qualified Stock Option (right to buy - T0000635) $11.7864 06/30/1999(2) 06/30/2009 Common Stock 4,146 4,146 D
Non-Qualified Stock Option (right to buy - SI001804) $13.7567 06/30/2000(2) 06/30/2010 Common Stock 22,500 22,500 D
Non-Qualified Stock Option (right to buy - T0000640) $13.7567 06/30/2000(2) 06/30/2010 Common Stock 4,146 4,146 D
Non-Qualified Stock Option (right to buy - SF002506) $14.9459 06/29/2001(2) 06/29/2011 Common Stock 22,500 22,500 D
Non-Qualified Stock Option (right to buy - T0000646) $14.9459 06/29/2001(2) 06/29/2011 Common Stock 4,146 4,146 D
Non-Qualified Stock Option (right to buy - DF002171) $20.9186 07/01/2002(2) 07/01/2012 Common Stock 22,500 22,500 D
Non-Qualified Stock Option (right to buy - T0000655) $20.9186 07/01/2002(2) 07/01/2012 Common Stock 4,146 4,146 D
Non-Qualified Stock Option (right to buy - DF002881) $26.5986 06/30/2003(2) 06/30/2013 Common Stock 7,500 7,500 D
Non-Qualified Stock Option (right to buy - T0000785) $26.5986 06/30/2003(2) 06/30/2013 Common Stock 1,382 1,382 D
Non-Qualified Stock Option (right to buy - DF003670) $31.5046 06/30/2004(2) 06/30/2014 Common Stock 7,500 7,500 D
Non-Qualified Stock Option (right to buy - T0000796) $31.5046 06/30/2004(2) 06/30/2014 Common Stock 1,382 1,382 D
Non-Qualified Stock Option (right to buy - DF905924) $35.24 06/30/2005(2) 06/30/2015 Common Stock 7,500 7,500 D
Non-Qualified Stock Option (right to buy) $37.19 06/30/2006(2) 06/30/2016 Common Stock 7,500 7,500 D
Deferred Stock Units (DU000114) $0 06/30/2005(3) 06/30/2014 Common Stock 850 850 D
Deferred Stock Units (TU905762) $0 06/30/2005(3) 06/30/2014 Common Stock 156 156 D
Restricted Stock Units (DU905935) $0 06/30/2006(3) 06/30/2015 Common Stock 1,700 1,700 D
Restricted Stock Units $0 06/30/2007(3) 06/30/2016 Common Stock 2,550 2,550 D
Explanation of Responses:
1. Sales are pursuant to a 10b5-1 Sales Plan dated March 13, 2007, between reporting person and J.P. Morgan Securities, Inc., acting as agent, to permit the orderly disposition of a portion of the reporting person's holdings of the Issuer's common stock, par value $0.01 per share of Dean Foods Company.
2. The options were automatically granted under the Issuer's 1997 Amended and Restated Stock Option and Restricted Stock Plan, and are fully vested and immediately exercisable upon grant.
3. The reporting person has received an award of Restricted Stock Units ("RSUs") which is a right to receive shares of common stock of the Issuer in the future, subject to the terms and conditions of the RSU Award Agreement. The RSUs vest annually, on a prorata basis, over a three year period beginning on the first anniversary date of the grant.
Remarks:
CONTINUED ON FOUR ADDITIONAL FORMS 4 FILED ON THIS SAME DATE.
Hector M. Nevares 03/14/2007
** 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 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).
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