Sec Form 4 Filing - DELGROSSO DOUGLAS G @ LEAR CORP - 2007-03-14

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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
DELGROSSO DOUGLAS G
2. Issuer Name and Ticker or Trading Symbol
LEAR CORP [ LEA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Pres & Chief Operating Officer
(Last) (First) (Middle)
21557 TELEGRAPH ROAD
3. Date of Earliest Transaction (MM/DD/YY)
03/14/2007
(Street)
SOUTHFIELD, MI48034
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 03/15/2007 M( 1 ) 7,425 A $ 36.76 17,275 D
Common Stock 03/15/2007 F 2,175 D $ 36.76 15,100 D
Common Stock 1,319 I in 401k account
Common Stock 19,713 I held in trust ( 2 )
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
Restricted Stock Units ( 3 ) 03/15/2007 M( 1 ) 7,425 03/15/2007 03/15/2007 Common Stock 7,425 ( 4 ) 0 D
Restricted Stock Units ( 3 ) 03/15/2007 A 4,876.63 ( 5 ) ( 5 ) Common Stock 4,876.63 $ 23.71 4,876.63 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DELGROSSO DOUGLAS G
21557 TELEGRAPH ROAD
SOUTHFIELD, MI48034
Pres & Chief Operating Officer
Signatures
/s/ Karen Rosbury, as attorney-in-fact 03/19/2007
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Settlement of Restricted Stock Units which were granted in 2004 under the Lear Corporation Management Stock Purchase Plan pursuant to a deferred compensation election.
( 2 )Shares held in wife's trust of which Mr. DelGrosso is a beneficiary. These shares were transferred by Mr. DelGrosso to his wife's trust on February 22, 2006.
( 3 )Converts into common stock on a 1-for-1 basis
( 4 )2055.84 units were credited at a price of $49.25 per unit and 5369.58 units were credited at a price of $43.09 per unit
( 5 )The restricted stock units were accrued under the Lear Corporation Management Stock Purchase Plan pursuant to a deferred compensation election. Generally, units settle approximately three years from the date of grant; however, a participant may elect to defer settlement of units beyond three years. Mr. DelGrosso has not, as of the date of this filing, elected to defer settlement of his 2007 units beyond 2010.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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