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 *
JENKINS JAMES R
  2. Issuer Name and Ticker or Trading Symbol
DEERE & CO [DE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior V.P. & General Counsel
(Last)
(First)
(Middle)
DEERE & COMPANY, ONE JOHN DEERE PLACE
3. Date of Earliest Transaction (Month/Day/Year)
03/07/2007
(Street)

MOLINE, IL 61265
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
$1 Par Common Stock (1) (2) (3) 03/07/2007   M   3,000 A $ 45.8 69,032 D  
$1 Par Common Stock (1) (2) (3) 03/07/2007   S   3,000 D $ 109.9 66,032 D  
$1 Par Common Stock (1) (2) (3) 03/07/2007   M   2,040 A $ 61.64 68,072 D  
$1 Par Common Stock (1) (2) (3) 03/07/2007   S   2,040 D $ 110.75 66,032 D  
$1 Par Common Stock (1) (2) (3) 03/07/2007   M   2,500 A $ 69.37 68,532 D  
$1 Par Common Stock (1) (2) (3) 03/07/2007   S   2,500 D $ 109.54 66,032 D  
$1 Par Common Stock (1) (2) (3) 03/07/2007   M   2,040 A $ 68.88 68,072 D  
$1 Par Common Stock (1) (2) (3) 03/07/2007   S   2,040 D $ 109.26 66,032 D  
$1 Par Common Stock (1) (2) (3) 03/07/2007   M   2,040 A $ 68.88 68,072 D  
$1 Par Common Stock (1) (2) (3) 03/07/2007   S   2,040 D $ 111 66,032 (4) 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
Market Priced Options (2) (3) $ 45.8 03/07/2007   M     3,000   (5) 12/11/2012 Common Stock 3,000 $ 0 3,000 D  
Market Priced Options (2) (3) $ 61.64 03/07/2007   M     2,040   (6) 12/10/2013 Common Stock 2,040 $ 0 12,270 D  
Market Priced Options (2) (3) $ 69.37 03/07/2007   M     2,500   (7) 12/08/2014 Common Stock 2,500 $ 0 24,272 D  
Market Priced Options (2) (3) $ 68.88 03/07/2007   M     4,080   (8) 12/07/2015 Common Stock 4,080 $ 0 19,830 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
JENKINS JAMES R
DEERE & COMPANY
ONE JOHN DEERE PLACE
MOLINE, IL 61265
      Senior V.P. & General Counsel  

Signatures

 /s/ Paul Wilczynski, Assistant Secretary, Deere & Company, Under Power of Attorney   03/08/2007
**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) References to Deere & Company stock include associated preferred stock rights.
(2) Exercise of Rule 16b-3 options and related sale of shares pursuant to a Rule 10(b)5-1 stock option exercise plan executed on December 7, 2006.
(3) All options include the ability to withhold shares upon the exercise of the option to satisfy income tax obligations.
(4) Includes 52,943 restricted stock units subject to restrictions or limitations under the John Deere Omnibus Equity and Incentive Plan. Shares are not held by reporting person during the period of limitation or restriction. Units include the ability to have shares withheld to satisfy income tax obligations.
(5) The options become exercisable in three approximately equal installments on December 11, 2003, 2004 and 2005.
(6) The options become exercisable in three approximately equal installments on December 10, 2004, 2005 and 2006.
(7) The options become exercisable in three approximately equal installments on December 8, 2005, 2006 and 2007.
(8) The options become exercisable in three approximately equal installments on December 7, 2006, 2007 and 2008.

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