Joy Global Inc.
JOY GLOBAL INC (Form: 4, Received: 03/11/2008 20:47:06)
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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

OLSEN MICHAEL S
2. Issuer Name and Ticker or Trading Symbol

JOY GLOBAL INC [ JOYG ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
VP & Chief Accounting Officer
(Last)          (First)          (Middle)

PO BOX 554
3. Date of Earliest Transaction (MM/DD/YYYY)

3/7/2008
(Street)

MILWAUKEE, WI 53201-0554
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   3/7/2008     M    5250   A $17.39   26232   D    
Common Stock   3/7/2008     S    300   D $66.551   25932   D    
Common Stock   3/7/2008     S    650   D $66.541   25282   D    
Common Stock   3/7/2008     S    100   D $66.53   25182   D    
Common Stock   3/7/2008     S    1100   D $66.52   24082   D    
Common Stock   3/7/2008     S    1000   D $66.51   23082   D    
Common Stock   3/7/2008     S    2100   D $66.50   20982   D    
Common Stock   3/7/2008     M    4500   A $30.39   25482   D    
Common Stock   3/7/2008     S    900   D $66.9301   24582   D    
Common Stock   3/7/2008     S    1200   D $66.93   23382   D    
Common Stock   3/7/2008     S    300   D $66.92   23082   D    
Common Stock   3/7/2008     S    300   D $66.90   22782   D    
Common Stock   3/7/2008     S    500   D $66.89   22282   D    
Common Stock   3/7/2008     S    100   D $66.88   22182   D    
Common Stock   3/7/2008     S    100   D $66.87   22082   D    
Common Stock   3/7/2008     S    100   D $66.84   21982   D    
Common Stock   3/7/2008     S    600   D $66.83   21382   D    
Common Stock   3/7/2008     S    400   D $66.82   20982   D    
Common Stock   3/7/2008     M    4000   A $41.25   24982   D    
Common Stock   3/7/2008     S    1610   D $66.50   23372   D    
Common Stock   3/7/2008     S    200   D $66.49   23172   D    
Common Stock   3/7/2008     S    600   D $66.48   22572   D    
Common Stock   3/7/2008     S    400   D $66.47   22172   D    
Common Stock   3/7/2008     S    1000   D $66.46   21172   D    
Common Stock   3/7/2008     S    190   D $66.45   20982   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)   $17.39   3/7/2008           5250    11/15/2007   11/15/2014   Common Stock   5250   $0   0   D    
Employee Stock Option (right to buy)   $30.39   3/7/2008           4500    11/14/2007   11/14/2015   Common Stock   4500   $0   4500   D    
Employee Stock Option (right to buy)   $41.25   3/7/2008           4000    11/13/2007   11/13/2016   Common Stock   4000   $0   8000   D    

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
OLSEN MICHAEL S
PO BOX 554
MILWAUKEE, WI 53201-0554


VP & Chief Accounting Officer

Signatures
Michael S. Olsen 3/11/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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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