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*
Fletcher Nick C
(Last) (First) (Middle)
1701 E. MARKET STREET
(Street)
JEFFERSONVILLE IN 47130
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
AMERICAN COMMERCIAL LINES INC. [ ACLI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr. VP Human Resources
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2007
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)
Code V Amount (A) or (D) Price
Common Stock 03/01/2007 F 14,071(1) D $36.05 66,561(2) D
Common Stock 03/02/2007 M 6,196 A $16.815(2) 72,757 D
Common Stock 03/02/2007 S 6,196 D $35 66,561 D
Common Stock 03/02/2007 M 37,384 A $2.0813(2) 103,945 D
Common Stock 03/02/2007 S 10,200 D $35 93,745 D
Common Stock 03/02/2007 S 10,100 D $35.3 83,645 D
Common Stock 03/02/2007 S 11,495 D $35.4 72,150 D
Common Stock 03/02/2007 S 4,973 D $35.03 67,177 D
Common Stock 03/02/2007 S 616 D $35.43 66,561 D
Common Stock 03/02/2007 S 827 D $35.01 65,734 D
Common Stock 03/02/2007 S 400 D $35.02 65,334 D
Common Stock 03/02/2007 S 200 D $35.04 65,134 D
Common Stock 03/02/2007 S 200 D $35.05 64,934 D
Common Stock 03/02/2007 S 4,200 D $35.1 60,734 D
Common Stock 03/02/2007 S 400 D $35.11 60,334 D
Common Stock 03/02/2007 S 300 D $35.13 60,034 D
Common Stock 03/02/2007 S 100 D $35.14 59,934 D
Common Stock 03/02/2007 S 546 D $35.15 59,388 D
Common Stock 03/02/2007 S 100 D $35.17 59,288 D
Common Stock 03/02/2007 S 2,910 D $35.2 56,378 D
Common Stock 03/02/2007 S 100 D $35.22 56,278 D
Common Stock 03/02/2007 S 100 D $35.31 56,178 D
Common Stock 03/02/2007 S 400 D $35.33 55,778 D
Common Stock 03/02/2007 S 200 D $35.35 55,578 D
Common Stock 03/02/2007 S 500 D $35.41 55,078 D
Common Stock 03/02/2007 S 100 D $35.42 54,978 D
Common Stock 03/02/2007 S 184 D $35.43 54,794 D
Common Stock 03/02/2007 S 3,000 D $35.5 51,794 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $16.815(2) 03/02/2007 M 6,196 (3) 02/01/2016 Common Stock 6,196 $0 12,388(2) D
Employee Stock Option (Right to Buy) $2.0813(2) 03/02/2007 M 37,384 (4) 03/01/2015 Common Stock 37,384 $0 37,380(2) D
Explanation of Responses:
1. In accordance with the terms of the American Commercial Lines Inc. Equity Award Plan for Employees, Officers and Directors, the shares were withheld by the Company to satisfy tax withholding obligations of the reporting person with respect to the vested portion of a previous grant of restricted shares.
2. Shares and respective option exercise prices have been adjusted to reflect the impact of the two-for-one stock split effective February 20, 2007 (the "Stock Split").
3. The option vests and becomes exercisable as to 3,098 shares (6,196 shares after the effect of the Stock Split) on February 1, 2007, and as to the remaining shares in equal parts on February 1, 2008 and February 1, 2009.
4. The option vests and becomes exercisable as to 1 share (2 shares after the effect of the Stock Split) on March 1, 2006, as to 18,691 shares (37,382 shares after the effect of the Stock Split) on March 1, 2007 and as to the remaining 18,690 shares (37,380 shares after the effect of the Stock Split) on March 1, 2008.
/s/ Larry Cuculic, as Attorney-in-Fact 03/05/2007
** 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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