SEC FORM 4

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^*

NAVARRE RICHARD A

(Last)

(First)

(Middle)

701 MARKET STREET

(Street)

ST. LOUIS

63101-1826

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PEABODY ENERGY CORP [ BTU ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Pres & Chief Comm. Officer

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2008

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)
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)
Common Stock	05/06/2008		M⁽¹⁾		7,382	A	$11.2907	7,382⁽²⁾	D
Common Stock	05/06/2008		M⁽¹⁾		14,003	A	$17.8541	21,385	D
Common Stock	05/06/2008		M⁽¹⁾		7,796	A	$21.9163	29,181	D
Common Stock	05/06/2008		M⁽¹⁾		18,847	A	$34.9553	48,028	D
Common Stock	05/06/2008		M⁽¹⁾		31,769	A	$39.8143	79,797	D
Common Stock	05/06/2008		S⁽¹⁾		7,197	D	$65	72,600	D
Common Stock	05/06/2008		S⁽¹⁾		1,967	D	$65.01	70,633	D
Common Stock	05/06/2008		S⁽¹⁾		2,476	D	$65.02	68,157	D
Common Stock	05/06/2008		S⁽¹⁾		2,600	D	$65.03	65,557	D
Common Stock	05/06/2008		S⁽¹⁾		2,400	D	$65.04	63,157	D
Common Stock	05/06/2008		S⁽¹⁾		3,502	D	$65.05	59,655	D
Common Stock	05/06/2008		S⁽¹⁾		4,389	D	$65.06	55,266	D
Common Stock	05/06/2008		S⁽¹⁾		100	D	$65.065	55,166	D
Common Stock	05/06/2008		S⁽¹⁾		3,436	D	$65.07	51,730	D
Common Stock	05/06/2008		S⁽¹⁾		4,090	D	$65.08	47,640	D
Common Stock	05/06/2008		S⁽¹⁾		5,000	D	$65.09	42,640	D
Common Stock	05/06/2008		S⁽¹⁾		4,387	D	$65.1	38,253	D
Common Stock	05/06/2008		S⁽¹⁾		5,884	D	$65.11	32,369	D
Common Stock	05/06/2008		S⁽¹⁾		1,900	D	$65.12	30,469	D
Common Stock	05/06/2008		S⁽¹⁾		2,594	D	$65.13	27,875	D
Common Stock	05/06/2008		S⁽¹⁾		1,000	D	$65.14	26,875	D
Common Stock	05/06/2008		S⁽¹⁾		100	D	$65.145	26,775	D
Common Stock	05/06/2008		S⁽¹⁾		3,808	D	$65.15	22,967	D
Common Stock	05/06/2008		S⁽¹⁾		1,882	D	$65.16	21,085	D
Common Stock	05/06/2008		S⁽¹⁾		2,738	D	$65.17	18,347	D
Common Stock	05/06/2008		S⁽¹⁾		1,097	D	$65.18	17,250	D
Common Stock	05/06/2008		S⁽¹⁾		3,000	D	$65.19	14,250	D
Common Stock	05/06/2008		S⁽¹⁾		300	D	$65.21	13,950	D
Common Stock	05/06/2008		S⁽¹⁾		1,057	D	$65.24	12,893	D
Common Stock	05/06/2008		S⁽¹⁾		600	D	$65.25	12,293	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$11.2907	05/06/2008		M⁽¹⁾			7,382	06/15/2007	06/15/2014	Common Stock	7,382	⁽³⁾	0⁽⁴⁾	D
Employee Stock Option (right to buy)	$17.8541	05/06/2008		M⁽¹⁾			14,003	01/03/2008	01/03/2015	Common Stock	14,003	⁽³⁾	0⁽⁴⁾	D
Employee Stock Option (right to buy)	$21.9163	05/06/2008		M⁽¹⁾			7,796	⁽⁵⁾	04/01/2015	Common Stock	7,796	⁽³⁾	0⁽⁴⁾	D
Employee Stock Option (right to buy)	$34.9553	05/06/2008		M⁽¹⁾			18,847	01/03/2008	01/03/2017	Common Stock	18,847	⁽³⁾	37,693⁽⁴⁾	D
Employee Stock Option (right to buy)	$39.8143	05/06/2008		M⁽¹⁾			31,769	⁽⁶⁾	01/03/2016	Common Stock	31,769	⁽³⁾	15,884⁽⁴⁾	D

Explanation of Responses:

1. This exercise/sale was effected pursuant to a pre-existing Rule 10b5-1 trading plan adopted by the reporting person.

2. Excludes 27,050 shares previously owned directly which were contributed to the reporting person's trust on February 6, 2008. These 27,050 shares are now owned indirectly by the reporting person.

3. Not applicable.

4. Does not include employee stock options with different expiration dates and exercise prices.

5. The options vested in three equal annual installments beginning April 1, 2006.

6. The options vested in three equal annual installments beginning January 3, 2007.

Remarks:

1 of 2 Form 4s - Additional transactions from May 6, 2008 are reported on a separate Form 4.

	Richard A. Navarre By: Kenneth L. Wagner Attorney-in-Fact	05/08/2008
	** 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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