Ownership Submission
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

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
SODERBERG PETER H
  2. Issuer Name and Ticker or Trading Symbol
Hill-Rom Holdings, Inc. [HRC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
1069 STATE ROUTE 46 EAST
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2009
(Street)

BATESVILLE, IN 47006
4. If Amendment, Date Original Filed(Month/Day/Year)
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 03/31/2009   M   93 (1) A (2) 50,972 D  
Common Stock 03/31/2009   F   29 D $ 9.89 50,943 D  

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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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 (Deferred Stock Award) 2/13/04 (3) 03/31/2009   A   29 (4)     (5)   (5) Common Stock 29 $ 9.89 2,894 D  
Restricted Stock Units (Deferred Stock Award) 2/11/05 (3) 03/31/2009   A   37 (4)     (5)   (5) Common Stock 37 $ 9.89 3,652 D  
Restricted Stock Units (DeferredStock Award) 5 yr. 3/20/06 (3) 03/31/2009   A   203     (6)   (6) Common Stock 203 $ 9.89 19,856 D  
Restricted Stock Units (Deferred Stock Award) 12/14/06 5 Yr (3) 03/31/2009   A   266     (7)   (7) Common Stock 266 $ 9.89 25,980 D  
Restricted Stock Units (Deferred Stock Award) 12/6/07 5 Yr (3) 03/31/2009   A   393     (8)   (8) Common Stock 393 $ 9.89 38,319 D  
Restricted Stock Units (Deferred Stock Award) 12/2/08 4 Yr. (3) 03/31/2009   A   542     (9)   (9) Common Stock 542 $ 9.89 52,865 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SODERBERG PETER H
1069 STATE ROUTE 46 EAST
BATESVILLE, IN 47006
  X     President and CEO  

Signatures

 Donna Isaacs, as Attorney-in-Fact for Peter H. Soderberg   04/02/2009
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) These shares were issued to the reporting person in connection with the cash dividend paid on the issuer's common stock on March 31, 2009 and reflect the conversion of restricted stock unit dividend equivalent rights accrued on the record date for the dividend in respect of restricted stock units that vested and were converted to common stock between the record date for the dividend and the payout date for the dividend.
(2) Price - Not Applicable.
(3) Conversion or Exercise Price of Derivative Security is 1-for-1.
(4) Restricted Stock units are entitled to dividend equivalent rights, which accrue on dividend record dates.
(5) These restricted stock units vest on the date of the grant but delivery of the underlying shares of common stock will not occur until the later of one year from the date of the grant, or the six-month anniversary of the date that the Director ceases to be a member of the Board of Directors of the Company.
(6) Restricted stock units vest 25% on 3/21/10 and 30% on 3/21/11. Stock units are entitled to dividend equivalent rights, which accrue on dividend record dates.
(7) These restricted stock units vest 25% on 12/15/2009, 25% on 12/15/2010 and 30% on 12/15/2011. Stock units are entitled to dividend equivalent rights, which accrue on dividend record dates.
(8) Restricted Stock Units vest 20% on 12/07/2009, 25% on 12/07/2010, 25% on 12/07/2011 and 30% on 12/07/2012. Stock units will automatically be converted into shares of common stock in accordance with the respective vesting schedule unless a previous deferral election has been made. Stock units are entitled to dividend equivalent rights, which accrue on dividend record dates.
(9) Restricted Stock Units vest 50% on 12/3/2010, 25% on 12/3/2011 and 25% on 12/3/2012. Stock units will automatically be converted into shares of common stock in accordance with the respective vesting schedule unless a previous deferral election has been made. Stock units are entitled to dividend equivalent rights, which accrue on dividend record dates.

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