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 *
Stewart Michael Robert
  2. Issuer Name and Ticker or Trading Symbol
PERRIGO CO [PRGO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr VP Global Human Resources
(Last)
(First)
(Middle)
C/O PERRIGO COMPANY, 515 EASTERN AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
12/05/2007
(Street)

ALLEGAN, MI 49010
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               3,009.242 I By 401(k) Plan
Common Stock 12/05/2007   M   2,000 A $ 8.5625 7,135 D  
Common Stock 12/05/2007   M   2,000 A $ 7.9531 9,135 D  
Common Stock 12/05/2007   M   7,401 A $ 6.1562 16,536 D  
Common Stock 12/05/2007   M   8,000 A $ 15.505 24,536 D  
Common Stock 12/05/2007   M   10,200 A $ 9.84 34,736 D  
Common Stock 12/05/2007   M   9,612 A $ 13.9 44,348 D  
Common Stock 12/05/2007   M   10,001 A $ 18.18 54,349 D  
Common Stock 12/05/2007   M   7,464 A $ 14.69 61,813 D  
Common Stock 12/05/2007   M   2,014 A $ 15.47 63,827 D  
Common Stock 12/05/2007   S   2,000 D $ 31 61,827 D  
Common Stock 12/05/2007   S   2,000 D $ 31 59,827 D  
Common Stock 12/05/2007   S   7,401 D $ 31 52,426 D  
Common Stock 12/05/2007   S   8,000 D $ 31 44,426 D  
Common Stock 12/05/2007   S   10,200 D $ 31 34,226 D  
Common Stock 12/05/2007   S   9,612 D $ 31 24,614 D  
Common Stock 12/05/2007   S   10,001 D $ 31 14,613 D  
Common Stock 12/05/2007   S   1,478 D $ 31 13,135 D  
Common Stock 12/05/2007   S   5,986 D $ 31.03 7,149 D  
Common Stock 12/05/2007   S   2,014 D $ 31.03 5,135 D  
Common Stock 12/06/2007   M   1,068 A $ 13.9 6,203 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 $ 8.5625 12/05/2007   M     2,000 09/09/2004 09/09/2008 Common Stock 2,000 $ 0 0 D  
Employee Stock Option Right to Buy $ 7.9531 12/05/2007   M     2,000 08/17/2005 08/17/2009 Common Stock 2,000 $ 0 0 D  
Employee Stock Option Right to Buy $ 6.1562 12/05/2007   M     7,401 05/30/2005 05/30/2010 Common Stock 7,401 $ 0 0 D  
Employee Stock Option Right to Buy $ 15.505 12/05/2007   M     4,000 07/19/2005 07/19/2011 Common Stock 4,000 $ 0 0 D  
Employee Stock Option Right to Buy $ 15.505 12/05/2007   M     4,000 07/19/2006 07/19/2011 Common Stock 4,000 $ 0 0 D  
Employee Stock Option Right to Buy $ 9.84 12/05/2007   M     3,400 08/06/2005 08/06/2012 Common Stock 3,400 $ 0 0 D  
Employee Stock Option Right to Buy $ 9.84 12/05/2007   M     3,400 08/06/2006 08/06/2012 Common Stock 3,400 $ 0 0 D  
Employee Stock Option Right to Buy $ 9.84 12/05/2007   M     3,400 08/06/2007 08/06/2012 Common Stock 3,400 $ 0 0 D  
Employee Stock Option Right to Buy $ 13.9 12/05/2007   M     3,204 08/20/2005 08/20/2013 Common Stock 3,204 $ 0 0 D  
Employee Stock Option Right to Buy $ 13.9 12/05/2007   M     3,204 08/20/2006 08/20/2013 Common Stock 3,204 $ 0 0 D  
Employee Stock Option Right to Buy $ 13.9 12/05/2007   M     3,204 08/20/2007 08/20/2013 Common Stock 3,204 $ 0 0 D  
Employee Stock Option Right to Buy $ 18.18 12/05/2007   M     3,334 08/16/2005 08/16/2014 Common Stock 3,334 $ 0 0 D  
Employee Stock Option Right to Buy $ 18.18 12/05/2007   M     3,334 08/16/2006 08/16/2014 Common Stock 3,334 $ 0 0 D  
Employee Stock Option Right to Buy $ 18.18 12/05/2007   M     3,333 08/16/2007 08/16/2014 Common Stock 3,333 $ 0 0 D  
Employee Stock Option Right to Buy $ 14.69 12/05/2007   M     3,732 09/14/2006 09/14/2015 Common Stock 3,732 $ 0 0 D  
Employee Stock Option Right to Buy $ 14.69 12/05/2007   M     3,732 09/14/2007 09/14/2015 Common Stock 3,732 $ 0 0 D  
Employee Stock Option Right to Buy $ 15.47 12/05/2007   M     2,014 08/16/2007 08/16/2016 Common Stock 2,014 $ 0 0 D  
Employee Stock Option Right to Buy $ 13.9 12/06/2007   M     356 08/20/2005 08/20/2013 Common Stock 356 $ 0 0 D  
Employee Stock Option Right to Buy $ 13.9 12/06/2007   M     356 08/20/2006 08/20/2013 Common Stock 356 $ 0 0 D  
Employee Stock Option Right to Buy $ 13.9 12/06/2007   M     356 08/20/2007 08/20/2013 Common Stock 356 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Stewart Michael Robert
C/O PERRIGO COMPANY
515 EASTERN AVENUE
ALLEGAN, MI 49010
      Sr VP Global Human Resources  

Signatures

 Michael Robert Stewart   12/06/2007
**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).

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