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^*

MCFARLAND JOHN A

(Last)

(First)

(Middle)

5711 R S BOREHAM JR ST

(Street)

FORT SMITH

72901

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BALDOR ELECTRIC CO [ BEZ ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2011

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	01/26/2011		U		117,381	D	$63.5	0	D
Common stock	01/26/2011		U		32,920	D	$63.5	0	I	By spouse
Common stock	01/26/2011		U		47,464	D	$63.5	0	I	By spouse - trust
Common stock	01/26/2011		U		44,713⁽²⁾	D	$63.5	0	I	Benefit plans

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 option	$21.35	01/26/2011		U			20,000	08/04/2001	02/04/2011	Common stock	20,000⁽¹⁾	$0	0	D
Stock option	$21.45	01/26/2011		U			15,338	08/09/2002	02/09/2012	Common stock	15,338⁽¹⁾	$0	4,662	D
Stock option	$19.14	01/26/2011		U			14,776	08/02/2003	02/02/2013	Common stock	14,776⁽¹⁾	$0	5,224	D
Stock option	$23.98	01/26/2011		U			21,830	08/08/2004	02/08/2014	Common stock	21,830⁽¹⁾	$0	4,170	D
Stock option	$27.6	01/26/2011		U			11,377	08/06/2005	02/06/2015	Common stock	11,377⁽¹⁾	$0	3,623	D
Stock option	$21.45	01/26/2011		U			6,000	06/01/2006	02/06/2015	Common stock	6,000⁽¹⁾	$0	0	D
Stock option	$19.14	01/26/2011		U			6,000	06/01/2006	02/06/2015	Common stock	6,000⁽¹⁾	$0	0	D
Stock option	$27.6	01/26/2011		U			15,000	06/01/2006	02/06/2015	Common stock	15,000⁽¹⁾	$0	0	D
Stock option	$33.88	01/26/2011		U			22,624	10/21/2006	04/21/2016	Common stock	22,624⁽¹⁾	$0	0	D
Stock option	$39.31	01/26/2011		U			29,434	02/25/2008	02/25/2017	Common stock	29,434⁽¹⁾	$0	0	D
Stock option	$28.62	01/26/2011		U			28,617	02/24/2009	02/24/2018	Common stock	28,617⁽¹⁾	$0	0	D
Stock option	$31.42	01/26/2011		U			11,818	03/01/2011	03/01/2020	Common stock	11,818⁽¹⁾	$0	0	D
Stock unit	$0	01/26/2011		U			5,990	02/22/2011	02/22/2011	Common stock	5,990⁽¹⁾	$0	0	D

Explanation of Responses:

1. Options or units disposed for consideration equal to the difference between $63.50 and the exercise price.

2. Shares held in qualified benefit plans. Includes 0 shares acquired and 0 shares disposed thru 1/25/2011.

Remarks:

	\s\ John A McFarland	01/28/2011
	** 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).
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.