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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
STAFFORD RAYMOND
   2. Issuer Name and Ticker or Trading Symbol
FOREST LABORATORIES INC [FRX] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP - Global Marketing
(Last)
(First)
(Middle)
C/O FOREST LABORATORIES, INC., 909 THIRD AVENUE		 3. Date of Earliest Transaction (Month/Day/Year)
12/04/2006
(Street)

NEW YORK, NY 10022		 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)
Code V Amount (A) or (D) Price
Common Stock 12/04/2006   M   282,000 A $ 12.086 438,040 D  
Common Stock 12/04/2006   S   60,000 D $ 49.5 378,040 D  
Common Stock 12/04/2006   S   45,000 D $ 49.4 333,040 D  
Common Stock 12/04/2006   S   22,000 D $ 49.45 311,040 D  
Common Stock 12/04/2006   S   20,000 D $ 49.5052 291,040 D  
Common Stock 12/04/2006   S   20,000 D $ 49.501 271,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.5012 261,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.5022 251,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.5228 241,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.53 231,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.5695 221,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.5865 211,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.4208 201,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.4767 191,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.4815 181,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.405 171,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.4174 161,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.4007 151,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.4074 141,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.4018 131,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.4012 121,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.4006 111,040 D  
Common Stock 12/04/2006   S   10,000 D $ 49.4125 101,040 (1) 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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 12.086 12/04/2006   M   282,000   12/18/1999(2) 12/17/2008 Common Stock 282,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
STAFFORD RAYMOND
C/O FOREST LABORATORIES, INC.
909 THIRD AVENUE
NEW YORK, NY 10022		       EVP - Global Marketing  

Signatures

 Raymond Stafford   12/05/2006
**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 Reporting Person beneficially owns 226,040 shares which includes options to purchase 125,000 shares.
(2) The option was exercisable as to 15% of the shares covered by the option on each of first four anniversaries of the date of the grant (12/18/1998) and as to the remaining 40% on fifth anniversary of the date of the grant.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.