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 *
FIEHLER SHARON D
  2. Issuer Name and Ticker or Trading Symbol
PEABODY ENERGY CORP [BTU]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP - Human Resources & Admin.
(Last)
(First)
(Middle)
701 MARKET STREET
3. Date of Earliest Transaction (Month/Day/Year)
05/02/2007
(Street)

ST. LOUIS, MO 63101
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 05/02/2007   M(1)   9,217 A $ 10.4875 11,194 (2) D  
Common Stock 05/02/2007   M(1)   5,864 A $ 19.3275 17,058 (2) D  
Common Stock 05/02/2007   S(1)   503 D $ 49.12 16,555 (2) D  
Common Stock 05/02/2007   S(1)   574 D $ 49.11 15,981 (2) D  
Common Stock 05/02/2007   S(1)   144 D $ 49.1 15,837 (2) D  
Common Stock 05/02/2007   S(1)   359 D $ 49.09 15,478 (2) D  
Common Stock 05/02/2007   S(1)   1,005 D $ 49.06 14,473 (2) D  
Common Stock 05/02/2007   S(1)   144 D $ 49.05 14,329 (2) D  
Common Stock 05/02/2007   S(1)   729 D $ 49.04 13,600 (2) D  
Common Stock 05/02/2007   S(1)   635 D $ 49.03 12,965 (2) D  
Common Stock 05/02/2007   S(1)   144 D $ 49.01 12,821 (2) D  
Common Stock 05/02/2007   S(1)   1,508 D $ 49 11,313 (2) D  
Common Stock 05/02/2007   S(1)   210 D $ 48.99 11,103 (2) D  
Common Stock 05/02/2007   S(1)   718 D $ 48.98 10,385 (2) D  
Common Stock 05/02/2007   S(1)   2,944 D $ 48.97 7,441 (2) D  
Common Stock 05/02/2007   S(1)   5,097 D $ 48.96 2,344 (2) D  
Common Stock 05/02/2007   S(1)   367 D $ 48.95 1,977 (2) D  
Common Stock 05/02/2007   S(1)   925 D $ 48.95 103,543 I By Family LLC
Common Stock 05/02/2007   S(1)   1,221 D $ 48.94 102,322 I By Family LLC
Common Stock 05/02/2007   S(1)   3,303 D $ 48.93 99,019 I By Family LLC
Common Stock 05/02/2007   S(1)   646 D $ 48.92 98,373 I By Family LLC
Common Stock 05/02/2007   S(1)   215 D $ 48.915 98,158 I By Family LLC
Common Stock 05/02/2007   S(1)   2,441 D $ 48.91 95,717 I By Family LLC
Common Stock 05/02/2007   S(1)   933 D $ 48.9 94,784 I By Family LLC
Common Stock 05/02/2007   S(1)   3,834 D $ 48.89 90,950 I By Family LLC
Common Stock 05/02/2007   S(1)   215 D $ 48.885 90,735 I By Family LLC
Common Stock 05/02/2007   S(1)   4,064 D $ 48.88 86,671 I By Family LLC
Common Stock 05/02/2007   S(1)   2,550 D $ 48.87 84,121 I By Family LLC
Common Stock 05/02/2007   S(1)   215 D $ 48.86 83,906 I By Family LLC
Common Stock 05/02/2007   S(1)   3,087 D $ 48.85 80,819 I By Family LLC

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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
Employee Stock Option (right to buy) $ 10.4875 05/02/2007   M(1)     9,217 01/02/2007 01/02/2014 Common Stock 9,217 (3) 0 (4) D  
Employee Stock Option (right to buy) $ 19.3275 05/02/2007   M(1)     5,864 01/03/2007 01/03/2015 Common Stock 5,864 (3) 5,864 (4) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
FIEHLER SHARON D
701 MARKET STREET
ST. LOUIS, MO 63101
      EVP - Human Resources & Admin.  

Signatures

 Sharon D. Fiehler By: Joseph W. Bean, Attorney-in-Fact   05/04/2007
**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) This exercise or sale was effected pursuant to a pre-existing Rule 10b5-1 trading plan adopted by the reporting person.
(2) Includes 1,977 shares held by the reporting person in the Company's Employee Stock Purchase Plan.
(3) Not applicable.
(4) The numbers reported in this column 9 of Table II do not include an additional 367,081 options with different expiration dates and exercise prices.
 
Remarks:
1 of 2 Form 4s:  Additional transactions from May 2, 2007 are reported on a separate Form 4.

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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