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^*

HUNT KEVIN J

(Last)

(First)

(Middle)

800 MARKET STREET

SUITE 2900

(Street)

ST. LOUIS

63101

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
RALCORP HOLDINGS INC /MO [ RAH ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Director, CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2009

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)
Ralcorp Holdings, Inc. $.01 Par Value Common Stock	06/03/2009		M		1,566⁽¹⁾	A	$18	61,567	D
Ralcorp Holdings, Inc. $.01 Par Value Common Stock	06/03/2009		F		466	D	$60	61,101	D
Ralcorp Holdings, Inc. $.01 Par Value Common Stock	06/03/2009		S		1,100	D	$60	60,001	D
Ralcorp Holdings, Inc. $.01 Par Value Common Stock	06/04/2009		M		9,640⁽¹⁾	A	$18	69,641	D
Ralcorp Holdings, Inc. $.01 Par Value Common Stock	06/04/2009		F		2,865	D	$60	66,776	D
Ralcorp Holdings, Inc. $.01 Par Value Common Stock	06/04/2009		S		6,775	D	$60	60,001	D
Ralcorp Holdings, Inc. $.01 Par Value Common Stock	06/04/2009		M		3,794⁽¹⁾	A	$24.41	63,795	D
Ralcorp Holdings, Inc. $.01 Par Value Common Stock	06/04/2009		F		956	D	$60	62,839	D
Ralcorp Holdings, Inc. $.01 Par Value Common Stock	06/04/2009		S		2,838	D	$60	60,001	D
Ralcorp Holdings, Inc. $.01 Par Value Common Stock								4,917⁽²⁾	I⁽²⁾	By 401(K) Plan

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 with Tax Withholding Right	$18	06/03/2009		M			1,566	⁽³⁾	02/25/2011	$.01 Par Value Common Stock	1,566	$60	9,640	D
Employee Stock Option with Tax Withholding Right	$18	06/04/2009		M			9,640	⁽³⁾	02/25/2011	$.01 par Value Common Stock	9,640	$60	0	D
Employee Stock Option with Tax Withholding Right	$24.41	06/04/2009		M			3,794	⁽⁴⁾	01/30/2012	$.01 Par Value Common Stock	3,794	$60	24,549	D

Explanation of Responses:

1. Non-Qualified Stock Option exercise and sale of shares acquired was made pursuant to a 10b5-1 Plan.

2. Transactions in Issuer's 401(K) Plan, Executive Savings Investment Plan, and Deferred Compensation Plan are made through the acquisition or disposition of units rather than actual shares. The value of units are re-valued rather than based upon earnings or losses and appreciation or depreciation on the underlying investments, and adjustments for contributions to, transfers to and from, and distributions from the applicable investment fund.

3. 25% of the award became exercisable on February 26, 2004, 2005, 2006 and 2007.

4. 25% of the award became exercisable on January 31, 2005, 2006, 2007 and 2008.

Remarks:

	Charles G. Huber, Jr., Attorney-in-Fact for Kevin J. Hunt	06/04/2009
	** 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.
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