Sec Form 4 Filing - PEEBLER CHARLES D JR @ MEREDITH CORP - 2006-11-09

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 PEEBLER CHARLES D JR 2. Issuer Name and Ticker or Trading Symbol MEREDITH CORP [ MDP] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 1716 LOCUST STREET 3. Date of Earliest Transaction (MM/DD/YY) 11/09/2006 (Street) DES MOINES, IA50309-3023 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 (Restricted) ($1 par value) ( 1 ) 3,631 D

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 Non-Qualified Stock Option (right to buy) ( 2 ) $ 52.87 11/09/2006 A 6,000 11/09/2007 11/09/2016 Common Stock ($1 par value) 6,000 $ 0 6,000 D Non-Qualified Stock Option (right to buy) ( 2 ) $ 45.275 11/12/2003 11/12/2012 Common Stock ($1 par value) 6,000 6,000 D Non-Qualified Stock Option (right to buy) ( 2 ) $ 49.75 11/11/2004 11/11/2013 Common Stock ($1 par value) 6,000 6,000 D Non-Qualified Stock Option (right to buy) ( 2 ) $ 50.28 11/09/2006 11/09/2015 Common Stock ($1 par value) 6,000 6,000 D Non-Qualified Stock Option (right to buy) ( 2 ) $ 51.975 11/09/2005 11/09/2014 Common Stock ($1 par value) 6,000 6,000 D Stock equivalent units $ 0 08/08/1988 08/08/1988 Common Stock ($1 par value) ( 3 ) 1,713 1,713 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other PEEBLER CHARLES D JR 1716 LOCUST STREET DES MOINES, IA50309-3023 X Signatures By: John S. Zieser, Attorney-in-Fact For: Charles D. Peebler, Jr. 11/13/2006 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Shares awarded pursuant to the 2002 Meredith Corporation Stock Plan for Non-employee Directors (the "Plan"). The shares are subject to forfeiture and are nontransferable until five years from the grant date. ( 2 )This option was awarded pursuant to the Meredith Corp. Stock Plan for Non-employee Directors, becomes exercisable one-third per year over a three-year period beginning on the first anniversary of the grant date, and expires on the tenth anniversary of the grant date. ( 3 )Stock equivalents issued pursuant to Meredith Corp.'s 2002 Stock Plan for Non-employee Directors (the "Plan"), which will be converted to Common Stock ($1 par value) on a one-for-one basis upon the reporting person's retirement from or termination of service on the Meredith Board of Directors. Quarterly dividends are accrued in the form of additional stock equivalents. Data in this footnote would normally appear in the Title, Exercisable Date, and Price columns.

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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