Sec Form 4 Filing - Guile Peter @ FEDERAL SIGNAL CORP /DE/ - 2008-02-22

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 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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1. Name and Address of Reporting Person Guile Peter 2. Issuer Name and Ticker or Trading Symbol FEDERAL SIGNAL CORP /DE/ [ fss] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President - E-One, Inc. (Last) (First) (Middle) 1415 WEST 22ND STREET, SUITE 1100 3. Date of Earliest Transaction (MM/DD/YY) 02/22/2008 (Street) OAK BROOK, IL60523 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 02/22/2008 A 6,100 ( 1 ) A $ 0 25,521.601 ( 2 ) D Common Stock 978.3 I 401(k) Common Stock 51.69 I Savings Restor. Plan

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Stock Option (right to buy) $ 10.59 02/22/2008 A 19,200 ( 3 ) 02/22/2018 Common Stock 19,200 $ 10.59 63,550 D Performance Rights ( 4 ) 02/22/2008 A 5,800 ( 4 ) 12/31/2010 Common Stock 11,600 $ 0 5,800 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Guile Peter 1415 WEST 22ND STREET SUITE 1100 OAK BROOK, IL60523 President - E-One, Inc. Signatures Jennifer L. Sherman, attorney in fact for Peter Guile 02/26/2008 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This represents a restricted stock award. All 6,100 shares vest on 2/22/2011. ( 2 )Some shares are subject to restrictions and forfeiture under Company Stock Benefit Plan. ( 3 )6,400 shares become exercisable on 2/22/2009, 6400 shares become exercisable on 2/22/2010 and the remaining 6,400 shares become exercisable on 2/22/2011. ( 4 )Each performance share represents a contingent right to receive up to two shares of FSS common stock based on a three year performance metric. The number of shares to be received will depend on the Company's relative Total Shareholder Return (TSR) for the 3-year period beginning on January 1, 2008, which will be evaluated against the TSR over the same 3-year period for a pre-set group of approximately 30 peer companies. Total Shareholder Return is calculated by adding the changes in a company's closing stock price between December 30, 2007 and December 31, 2010 to any dividends paid during that period, and is adjusted for any stock splits or dividends.

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).

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