Sec Form 5 Filing - ECKERLE DAVID E @ OLD NATIONAL BANCORP /IN/ - 2007-12-31

Insider filing report for Changes in Beneficial Ownership
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FORM 5
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
ECKERLE DAVID E
2. Issuer Name and Ticker or Trading Symbol
OLD NATIONAL BANCORP /IN/ [ ONB]
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)
PO BOX 702
3. Date of Earliest Transaction (MM/DD/YY)
12/31/2007
(Street)
JASPER, IN47547
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 22,280.796 I ( 1 ) SPOUSE - LUELLA ECKERLE
COMMON STOCK 64,611 D ( 2 )
COMMON STOCK 1,658.86 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
EMPLOYEE STOCK OPTION $ 21.7 06/27/2001 06/27/2011 COMMON STOCK 12,155 12,155 D ( 3 )
PHANTOM STOCK ( 4 ) 12/29/2006( 6 ) A( 6 ) 789.38 ( 5 ) ( 5 ) COMMON STOCK 789.38 ( 6 ) 789.38 D
PHANTOM STOCK ( 4 ) 12/31/2007( 7 ) A( 7 ) 465.949 ( 5 ) ( 5 ) COMMON STOCK 465.949 ( 7 ) 1,255.329 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ECKERLE DAVID E
PO BOX 702
JASPER, IN47547
X
Signatures
JEFFREY L KNIGHT, EXECUTIVE VP AND CHIEF LEGAL COUNSEL, AS ATTORNEY-IN-FACT 02/14/2008
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Registered as Luella Eckerle - spouse.
( 2 )IRA held with a broker as of 1/6/06.
( 3 )Immediately exercisable.
( 4 )Each share of phantom stock represents the right to receive one share of ONB common stock or the cash value thereof.
( 5 )Shares of phantom stock are payable in cash following termination of the reporting person's employment with ONB or reporting person becoming disabled. The reporting person may transfer his phantom stock account into an alternative investment account at any time.
( 6 )The reporting person acquired 789.38 shares of phantom stock, the sum of which includes dividends thereon, under ONB's Executive Deferred Compensation Plan during the fiscal year ended 12/29/06, at prices ranging from $18.30 to $21.42. However, due to an inadvertent administrative error, the reporting of these particular transactions was not timely filed.
( 7 )The reporting person acquired 465.949 shares of phantom stock, the sum of which includes dividends thereon, under ONB's Executive Deferred Compensation Plan during the fiscal year ended 12/31/07, at prices ranging from $14.09 to $18.66. However, due to an inadvertent administrative error, the reporting of these particular transactions was not timely filed.

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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