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 *
GALVIN WALTER J
  2. Issuer Name and Ticker or Trading Symbol
EMERSON ELECTRIC CO [EMR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. Exec. VP & CFO
(Last)
(First)
(Middle)
C/O EMERSON ELECTRIC CO., 8000 W. FLORISSANT AVE.
3. Date of Earliest Transaction (Month/Day/Year)
11/23/2007
(Street)

ST. LOUIS, MO 63136
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 11/23/2007   J(1) V 11,176 D (1) (2) 48,812 I W. J. Galvin Family Limited Partnership (3)
Common Stock 11/23/2007   J(1) V 11,176 A (1) (2) 88,228 I Spouse
Common Stock 11/23/2007   J(4) V 48,812 D (2) (4) 0 I W. J. Galvin Family Limited Partnership (3)
Common Stock 11/23/2007   J(4) V 48,812 A (2) (4) 48,812 I Galvin Family Trust (12)
Common Stock 11/23/2007   J(5) V 48,812 D (2) (5) 0 I Galvin Family Trust (12)
Common Stock 11/23/2007   J(5) V 48,812 A (2) (5) 299,114 D  
Common Stock 11/26/2007   G(6) V 41,176 D (7) 47,052 I Spouse
Common Stock 11/26/2007   G(6) V 41,176 A (7) 340,290 D  
Common Stock 11/26/2007   M(8)   29,574 (8) A $ 32.0313 369,864 D  
Common Stock 11/26/2007   F(9)   17,385 (9) D $ 54.485 352,479 D  
Common Stock 11/26/2007   F(10)   3,536 (10) D $ 54.485 348,943 D  
Common Stock 11/26/2007   M(11)   28,636 (11) A $ 21.2813 377,579 D  
Common Stock 11/26/2007   F(9)   11,184 (9) D $ 54.485 366,395 D  
Common Stock 11/26/2007   F(10)   7,407 (10) D $ 54.485 358,988 D  
Common Stock               3,226 I Trust-Daughter Megan (12)
Common Stock               3,226 I Trust-Son Greg (12)
Common Stock               3,226 I Trust-Son Jeff (12)
Common Stock               14,831.277 I 401(k) plan
Common Stock               7,369.32 I 401(k) excess plan

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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
Employee Stock Option (Right to Buy) $ 32.0313 11/26/2007   M(8)     29,574 (8) 10/04/2000(13) 10/04/2009 Common Stock 29,574 (14) 0 D  
Employee Stock Option (Right to Buy) $ 21.2813 11/26/2007   M(11)     28,636 (11) 10/06/2001(15) 03/06/2010 Common Stock 28,636 (14) 38,034 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GALVIN WALTER J
C/O EMERSON ELECTRIC CO.
8000 W. FLORISSANT AVE.
ST. LOUIS, MO 63136
  X     Sr. Exec. VP & CFO  

Signatures

 /s/ Timothy G. Westman, Attorney-in-fact for Walter J. Galvin   11/27/2007
**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) Transfer for estate planning purposes from the W.J. Galvin Family Partnership to the Reporting Person's spouse pursuant to Rule 16a-13 and Rule 16b-5 in liquidation of the Reporting Person's spouse's ownership interest in the W.J. Galvin Family Partnership.
(2) Price is not applicable to this transaction.
(3) The Reporting Person's spouse is the controlling partner of the W. J. Galvin Family Partnership.
(4) Transfer for estate planning purposes from the W.J. Galvin Family Partnership to the Galvin Family Trust pursuant to Rule 16a-13 and Rule 16b-5. The Reporting Person and his spouse are the trustees of the Galvin Family Trust.
(5) Transfer for estate planning purposes from the Galvin Family Trust to the Reporting Person pursuant to Rule 16a-13 and Rule 16b-5 in satisfaction of a $2.9 million note held by the Reporting Person.
(6) Bona fide gift by the Reporting Person's spouse of 41,176 shares to the Reporting Person.
(7) Price is not applicable to acquisitions or dispositions resulting from bona fide gifts.
(8) Exercise of 9,360 incentive stock options and 20,214 non-qualified stock options exempt under Rule 16b-3.
(9) Payment of option exercise price by delivering securities.
(10) Shares withheld for taxes exempt under Rule 16b-3 resulting from non-qualified stock option exercise.
(11) Exercise of non-qualifed stock options exempt under Rule 16b-3.
(12) The Reporting Person disclaims beneficial ownership.
(13) Options vested as follows: 3,120 shares on 10/4/2000; 3,120 shares on 10/4/2001; and 23,334 shares on 10/4/2002. As previously reported in the Reporting Person's Form 4 filed on 9/21/2007, when taken together with other options having the same grant date, exercise price and expiration date, but owned indirectly by the W.J. Galvin Family Partnership and previously exercised, all such options together vested in three equal annual installments beginning on 10/4/2000.
(14) Price is not applicable to stock options received as incentive compensation.
(15) The exercised options vested on 10/6/2002. The remaining balance vested as follows: 2 shares on 10/6/2001; 4,698 shares on 10/6/2002; and 33,334 shares on 10/6/2003. As previously reported in the Reporting Person's Form 4 filed on 9/21/2007, when taken together with other options having the same grant date, exercise price and expiration date, but owned indirectly by the W.J. Galvin Family Partnership and previously exercised, all such options together vested in three equal annual installments beginning on 10/6/2001.

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