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^*

MULCAHY MICHAEL J

(Last)

(First)

(Middle)

C/O GEHL COMPANY,

143 WATER STREET

(Street)

WEST BEND

53095

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GEHL CO [ GEHL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/29/2008

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	02/29/2008		A		1,539	A	$0	13,773	D
Common Stock								3,334.105	I	By 401(k) Plan⁽¹⁾

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)
Stock Appreciation Right	$17.33	02/29/2008		A		6,751		⁽²⁾	02/28/2018	Common Stock	6,751	$0	6,751	D
Stock Appreciation Right	$28.68							⁽³⁾	02/22/2017	Common Stock	4,866		4,866	D
Stock Options (Right to Buy)⁽⁴⁾	$9.06							12/18/2006⁽⁵⁾	12/18/2013	Common Stock	3,001		3,001	D
Stock Options (Right to Buy)⁽⁶⁾	$16.6333							12/15/2007⁽⁵⁾	12/15/2014	Common Stock	3,000		3,000	D
Stock Options (Right to Buy)⁽⁷⁾	$34.04							⁽⁸⁾	02/23/2016	Common Stock	3,668		3,668	D

Explanation of Responses:

1. Reflects shares held in the Gehl Company 401(k) Plan as of February 29, 2008.

2. These Stock Appreciation Rights, granted on 2/29/2008, vest and become exercisable in three equal annual installments on 2/29/2009, 2/29/2010 and 2/29/2011 and will be settled in cash.

3. These Stock Appreciation Rights, granted on 2/23/2007, vest and become exercisable in three equal annual installments on 2/23/2008, 2/23/2009 and 2/23/2010 and will be settled in cash.

4. These options were granted on 12/19/2003 to the reporting person under the Gehl Company 1995 Stock Option Plan and the Gehl Company 2000 Equity Incentive Plan.

5. These options were subject to a three-year period following the date of grant during which such options vested and became exercisable on a cumulative basis with respect to one-third of the shares covered by the options each year.

6. These options were granted on 12/16/2004 to the reporting person under the Gehl Company 1995 Stock Option Plan.

7. These options were granted on 2/24/2006 to the reporting person under the Gehl Company 2000 Equity Incentive Plan and the Gehl Company 2004 Equity Incentive Plan.

8. These options are subject to a three-year period following the date of grant during which such options vest and become exercisable on a cumulative basis with respect to one-third of the shares covered by the options each year. The options are subject to immediate vesting following the occurrence of certain events.

Remarks:

	Michael J. Mulcahy	03/04/2008
	** 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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