Edgar Filing: ARCH COAL INC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

LEER STEVEN F

2. Issuer Name and Ticker or Trading Symbol
ARCH COAL INC [ACI]

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

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chairman and CEO

(Last)

(First)

(Middle)

ONECITYPLACE DRIVE

3. Date of Earliest Transaction (Month/Day/Year)
10/25/2007

(Street)

ST. LOUIS, MO 63141

4. If Amendment, Date 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

(City)

(State)

(Zip)

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 ⁽¹⁾	10/25/2007		M		70,000	A	$ 11.4375	71,010	D
Common Stock ⁽¹⁾	10/25/2007		M		140,000	A	$ 5.3438	211,010	D
Common Stock ⁽¹⁾	10/25/2007		M		63,400	A	$ 10.975	274,410	D
Common stock ⁽¹⁾	10/25/2007		S		1,800	D	$ 38.08	272,610	D
Common stock ⁽¹⁾	10/25/2007		S		7,700	D	$ 38	264,910	D
Common stock ⁽¹⁾	10/25/2007		S		600	D	$ 37.98	264,310	D
Common stock ⁽¹⁾	10/25/2007		S		100	D	$ 37.99	264,210	D
Common stock ⁽¹⁾	10/25/2007		S		10,000	D	$ 38.04	254,210	D
Common stock ⁽¹⁾	10/25/2007		S		3,800	D	$ 38.01	250,410	D
Common stock ⁽¹⁾	10/25/2007		S		1,200	D	$ 38.02	249,210	D
Common stock ⁽¹⁾	10/25/2007		S		4,000	D	$ 38.11	245,210	D
Common stock ⁽¹⁾	10/25/2007		S		1,100	D	$ 38.18	244,110	D
Common stock ⁽¹⁾	10/25/2007		S		2,100	D	$ 38.2	242,010	D
Common stock ⁽¹⁾	10/25/2007		S		6,700	D	$ 37.94	235,310	D
Common stock ⁽¹⁾	10/25/2007		S		4,200	D	$ 37.93	231,110	D
Common stock ⁽¹⁾	10/25/2007		S		7,900	D	$ 37.95	223,210	D
Common stock ⁽¹⁾	10/25/2007		S		8,400	D	$ 37.96	214,810	D
Common stock ⁽¹⁾	10/25/2007		S		1,400	D	$ 37.97	213,410	D
Common stock ⁽¹⁾	10/25/2007		S		3,200	D	$ 38.09	210,210	D
Common stock ⁽¹⁾	10/25/2007		S		5,000	D	$ 38.1	205,210	D
Common stock ⁽¹⁾	10/25/2007		S		800	D	$ 38.19	204,410	D
Common stock ⁽¹⁾	10/25/2007		S		100	D	$ 37.36	204,310	D
Common stock ⁽¹⁾	10/25/2007		S		2,800	D	$ 37.35	201,510	D
Common stock ⁽¹⁾	10/25/2007		S		100	D	$ 37.37	201,410	D
Common stock ⁽¹⁾	10/25/2007		S		200	D	$ 37.4	201,210	D
Common stock ⁽¹⁾	10/25/2007		S		300	D	$ 37.41	200,910	D
Common stock ⁽¹⁾	10/25/2007		S		21,700	D	$ 37.45	179,210	D
Common stock ⁽¹⁾	10/25/2007		S		1,900	D	$ 37.46	177,310	D
Common stock ⁽¹⁾	10/25/2007		S		2,800	D	$ 37.47	174,510	D
Common stock ⁽¹⁾	10/25/2007		S		2,500	D	$ 37.48	172,010	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee stock options (right to buy) ⁽¹⁾

$ 11.4375

10/25/2007

70,000

⁽²⁾

07/22/2008

Common stock

70,000

$ 0

Employee stock options (right to buy) ⁽¹⁾

$ 5.3438

10/25/2007

140,000

⁽³⁾

02/25/2009

Common stock

140,000

$ 0

Employee stock options (right to buy) ⁽¹⁾

$ 10.975

10/25/2007

63,400

⁽⁴⁾

02/22/2011

Common stock

63,400

$ 0

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
LEER STEVEN F ONECITYPLACE DRIVE ST. LOUIS, MO 63141	X		Chairman and CEO

Signatures

/s/ Gregory A. Billhartz, Attorney-in-fact		10/29/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The exercise of employee stock options and sale of underlying shares of common stock by the executive officer reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
(2)	The reporting person received 70,000 stock options on July 22, 1998. The stock options vested ratably over a three year period as follows: 23,334 stock options vested on July 22, 1999; 23,333 stock options vested on July 22, 2000; and 23,333 stock options vested on July 22, 2001.
(3)	The reporting person received 140,000 stock options on February 25, 1999. The stock options vested over a four year period as follows: 23,338 stock options vested on February 25, 2000; 46,660 stock options vested on February 25, 2001; 46,662 stock options vested on February 25, 2002; and 23,340 stock options vested on February 25, 2003.
(4)	The reporting person received 63,400 stock options on February 22, 2001. The stock options vested ratably over a three year period as follows: 21,134 stock options vested on February 22, 2002; 21,133 stock options vested on February 22, 2003; and 21,133 stock options vested on February 22, 2004.
Remarks: 1 of 3

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