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^*

GREEN STEPHEN L

(Last)

(First)

(Middle)

105 ROWAYTON AVENUE

(Street)

ROWAYTON

06853

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
DEAN FOODS CO [ DF ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2007

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)
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	06/29/2007		A		1,464⁽¹⁾	A	$0	91,364⁽²⁾	D
Common Stock	06/30/2007		M		850⁽³⁾	A	$0	92,214⁽⁴⁾	D
Common Stock	06/30/2007		M		399⁽³⁾	A	$0	92,613⁽⁴⁾	D
Common Stock	06/30/2007		M		156⁽³⁾	A	$0	92,769⁽⁴⁾	D
Common Stock	06/30/2007		M		73⁽³⁾	A	$0	92,842⁽⁴⁾	D
Common Stock	06/30/2007		M		850⁽⁵⁾	A	$0	93,692⁽⁴⁾	D
Common Stock	06/30/2007		M		399⁽⁵⁾	A	$0	94,091⁽⁴⁾	D
Common Stock	06/30/2007		M		850⁽⁶⁾	A	$0	94,941⁽⁴⁾	D
Common Stock	06/30/2007		M		399⁽⁶⁾	A	$0	95,340⁽⁴⁾	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)
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)
Non-Qualified Stock Option (right to buy - SI000774)	$11.2299⁽⁷⁾							06/30/1998⁽⁸⁾	06/30/2008	Common Stock	22,500		22,500	D
Non-Qualified Stock Option (right to buy - DV001435)	$11.2299⁽⁷⁾							06/30/1998⁽⁸⁾	06/30/2008	Common Stock	10,564⁽⁷⁾		10,564⁽⁷⁾	D
Non-Qualified Stock Option (right to buy - T0000723)	$11.2299⁽⁷⁾							06/30/1998⁽⁸⁾	06/30/2008	Common Stock	4,146		4,146	D
Non-Qualified Stock Option (right to buy - DV001432)	$11.2299⁽⁷⁾							06/30/1998⁽⁸⁾	06/30/2008	Common Stock	1,947⁽⁷⁾		1,947⁽⁷⁾	D
Non-Qualified Stock Option (right to buy - SI001316)	$8.0206⁽⁷⁾							06/30/1999⁽⁸⁾	06/30/2009	Common Stock	22,500		22,500	D
Non-Qualified Stock Option (right to buy - DV001426)	$8.0206⁽⁷⁾							06/30/1999⁽⁸⁾	06/30/2009	Common Stock	10,564⁽⁷⁾		10,564⁽⁷⁾	D
Non-Qualified Stock Option (right to buy - T0000632)	$8.0206⁽⁷⁾							06/30/1999⁽⁸⁾	06/30/2009	Common Stock	4,146		4,146	D
Non-Qualified Stock Option (right to buy - DV001443)	$8.0206⁽⁷⁾							06/30/1999⁽⁸⁾	06/30/2009	Common Stock	1,947⁽⁷⁾		1,947⁽⁷⁾	D
Non-Qualified Stock Option (right to buy - SI001801)	$9.3614⁽⁷⁾							06/30/2000⁽⁸⁾	06/30/2010	Common Stock	22,500		22,500	D
Non-Qualified Stock Option (right to buy - DV001436)	$9.3614⁽⁷⁾							06/30/2000⁽⁸⁾	06/30/2010	Common Stock	10,564⁽⁷⁾		10,564⁽⁷⁾	D
Non-Qualified Stock Option (right to buy - T0000636)	$9.3614⁽⁷⁾							06/30/2000⁽⁸⁾	06/30/2010	Common Stock	4,146		4,146	D
Non-Qualified Stock Option (right to buy - DV001431)	$9.3614⁽⁷⁾							06/30/2000⁽⁸⁾	06/30/2010	Common Stock	1,947⁽⁷⁾		1,947⁽⁷⁾	D
Non-Qualified Stock Option (right to buy - SF002503)	$10.1707⁽⁷⁾							06/29/2001⁽⁸⁾	06/29/2011	Common Stock	22,500		22,500	D
Non-Qualified Stock Option (right to buy - DV001433)	$10.1707⁽⁷⁾							06/29/2001⁽⁸⁾	06/29/2011	Common Stock	10,564⁽⁷⁾		10,564⁽⁷⁾	D
Non-Qualified Stock Option (right to buy - T0000641)	$10.1707⁽⁷⁾							06/29/2001⁽⁸⁾	06/29/2011	Common Stock	4,146		4,146	D
Non-Qualified Stock Option (right to buy - DV001428)	$10.1707⁽⁷⁾							06/29/2001⁽⁸⁾	06/29/2011	Common Stock	1,947⁽⁷⁾		1,947⁽⁷⁾	D
Non-Qualified Stock Option (right to buy - DF002166)	$14.2351⁽⁷⁾							07/01/2002⁽⁸⁾	07/01/2012	Common Stock	22,500		22,500	D
Non-Qualified Stock Option (right to buy - DV001437)	$14.2351⁽⁷⁾							07/01/2002⁽⁸⁾	07/01/2012	Common Stock	10,564⁽⁷⁾		10,564⁽⁷⁾	D
Non-Qualified Stock Option (right to buy - T0000647)	$14.2351⁽⁷⁾							07/01/2002⁽⁸⁾	07/01/2012	Common Stock	4,146		4,146	D
Non-Qualified Stock Option (right to buy - DV001427)	$14.2351⁽⁷⁾							07/01/2002⁽⁸⁾	07/01/2012	Common Stock	1,947⁽⁷⁾		1,947⁽⁷⁾	D
Non-Qualified Stock Option (right to buy - DF002876)	$18.1003⁽⁷⁾							06/30/2003⁽⁸⁾	06/30/2013	Common Stock	7,500		7,500	D
Non-Qualified Stock Option (right to buy - DV001438)	$18.1003⁽⁷⁾							06/30/2003⁽⁸⁾	06/30/2013	Common Stock	3,521⁽⁷⁾		3,521⁽⁷⁾	D
Non-Qualified Stock Option (right to buy - T0000813)	$18.1003⁽⁷⁾							06/30/2003⁽⁸⁾	06/30/2013	Common Stock	1,382		1,382	D
Non-Qualified Stock Option (right to buy - DV001439)	$18.1003⁽⁷⁾							06/30/2003⁽⁸⁾	06/30/2013	Common Stock	649⁽⁷⁾		649⁽⁷⁾	D

Explanation of Responses:

1. These are restricted shares issued under the Issuer's 1997 Stock Option and Restricted Stock Plan in payment of fees owed for services as an independent director. All such shares are subject to vesting in three increments, with the first vesting occurring as of the date the shares were issued and then annually thereafter.

2. Includes 7,398 shares of Restricted Stock Units ("RSUs") which have vested and for which the reporting person has opted to defer receipt until a future date.

3. Represents shares of common stock of the Issuer vested on the third annual vesting date of a 06/30/2004 award of RSUs.

4. Includes 4,438 shares of RSUs (2,960 were released to Reporting Person 06/30/07) which have vested and for which the reporting person has opted to defer receipt until a future date.

5. Represents shares of common stock of the Issuer vested on the second annual vesting date of a 06/30/2005 award of RSUs.

6. Represents shares of common stock of the Issuer vested on the first annual vesting date of a 06/30/2006 award of RSUs.

7. Due to a special cash dividend of $15.00, paid by Issuer on April 2, 2007, to shareholders of record on March 27, 2007, the option exercise price and number of shares has been adjusted to maintain the value of the option award, post-dividend.

8. The options were automatically granted under the Issuer's 1997 Amended and Restated Stock Option and Restricted Stock Plan, and are fully vested and immediately exercisable upon grant.

Remarks:

CONTINUED ON ADDITIONAL FORM 4 FILED ON THIS SAME DATE.

	Stephen L. Green	07/03/2007
	** 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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