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 *
NAVARRE RICHARD A
  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 and CFO
(Last)
(First)
(Middle)
701 MARKET STREET
3. Date of Earliest Transaction (Month/Day/Year)
05/02/2007
(Street)

ST. LOUIS, MO 63101-1826
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   S(1)   1,029 D $ 48.98 6,500 (2) D  
Common Stock 05/02/2007   S(1)   3,500 D $ 48.97 3,000 (2) D  
Common Stock 05/02/2007   S(1)   2,400 D $ 48.96 600 (2) D  
Common Stock 05/02/2007   S(1)   600 D $ 48.95 0 D  
Common Stock 05/02/2007   M(1)   13,981 A $ 10.4875 13,981 D  
Common Stock 05/02/2007   M(1)   6,818 A $ 12.2225 20,799 D  
Common Stock 05/02/2007   S(1)   2,099 D $ 48.98 18,700 D  
Common Stock 05/02/2007   S(1)   300 D $ 48.97 18,400 D  
Common Stock 05/02/2007   S(1)   2,300 D $ 48.96 16,100 D  
Common Stock 05/02/2007   S(1)   5,500 D $ 48.95 10,600 D  
Common Stock 05/02/2007   S(1)   500 D $ 48.94 10,100 D  
Common Stock 05/02/2007   S(1)   2,800 D $ 48.93 7,300 D  
Common Stock 05/02/2007   S(1)   2,300 D $ 48.92 5,000 D  
Common Stock 05/02/2007   S(1)   1,600 D $ 48.91 3,400 D  
Common Stock 05/02/2007   S(1)   3,400 D $ 48.9 0 D  
Common Stock 05/02/2007   S(1)   1,871 D $ 48.99 93,413 I By Trust
Common Stock 05/02/2007   S(1)   600 D $ 48.98 92,813 I By Trust
Common Stock 05/02/2007   S(1)   1,300 D $ 48.97 91,513 I By Trust
Common Stock 05/02/2007   S(1)   3,400 D $ 48.96 88,113 I By Trust
Common Stock 05/02/2007   S(1)   2,100 D $ 48.95 86,013 I By Trust
Common Stock 05/02/2007   S(1)   3,200 D $ 48.94 82,813 I By Trust

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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)     13,981 01/02/2007 01/02/2014 Common Stock 13,981 (3) 0 (4) D  
Employee Stock Option (right to buy) $ 12.2225 05/02/2007   M(1)     6,818 06/15/2006 06/15/2014 Common Stock 6,818 (3) 6,819 (4) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
NAVARRE RICHARD A
701 MARKET STREET
ST. LOUIS, MO 63101-1826
      EVP and CFO  

Signatures

 Richard A. Navarre 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 sale or exercise was effected pursuant to a pre-existing Rule 10b5-1 trading plan adopted by the reporting person.
(2) Shares held pursuant to 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 563,085 options with different expiration dates and exercise prices.

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