Edgar Filing: EXIDE TECHNOLOGIES

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 ^*

OLeary Edward J

2. Issuer Name and Ticker or Trading Symbol
EXIDE TECHNOLOGIES [XIDE]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chief Operating Officer

(Last)

(First)

(Middle)

13000 DEERFIELD PARKWAY, BUILDING 200

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2008

(Street)

ALPHARETTA, GA 30004

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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Options (Right to Buy)

$ 4.88

02/18/2008

D⁽¹⁾⁽²⁾⁽³⁾

30,000

⁽¹⁾⁽²⁾⁽³⁾

08/29/2015

Common Stock

30,000

⁽¹⁾ ⁽²⁾ ⁽³⁾

0 ⁽⁴⁾

Stock Options (Right to Buy)

$ 5.09

02/18/2008

A⁽¹⁾⁽²⁾⁽³⁾

30,000

⁽¹⁾⁽²⁾⁽³⁾

08/29/2015

Common Stock

30,000

⁽¹⁾ ⁽²⁾ ⁽³⁾

30,000 ⁽⁴⁾

Stock Options (Right to Buy)

$ 3.64

02/18/2008

D⁽¹⁾⁽²⁾⁽³⁾

67,500

⁽¹⁾⁽²⁾⁽³⁾

09/21/2016

Common Stock

67,500

⁽¹⁾ ⁽²⁾ ⁽³⁾

30,000 ⁽⁴⁾

Stock Options (Right to Buy)

$ 3.66

02/18/2008

A⁽¹⁾⁽²⁾⁽³⁾

67,500

⁽¹⁾⁽²⁾⁽³⁾

09/21/2016

Common Stock

67,500

⁽¹⁾ ⁽²⁾ ⁽³⁾

97,500 ⁽⁴⁾

Stock Options (Right to Buy)

$ 7.559

02/18/2008

D⁽¹⁾⁽²⁾⁽³⁾

32,490

⁽¹⁾⁽²⁾⁽³⁾

03/22/2017

Common Stock

32,490

⁽¹⁾ ⁽²⁾ ⁽³⁾

97,500 ⁽⁴⁾

Stock Options (Right to Buy)

$ 8.84

02/18/2008

A⁽¹⁾⁽²⁾⁽³⁾

32,490

⁽¹⁾⁽²⁾⁽³⁾

03/22/2017

Common Stock

32,490

⁽¹⁾ ⁽²⁾ ⁽³⁾

129,990 ⁽⁴⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
OLeary Edward J 13000 DEERFIELD PARKWAY BUILDING 200 ALPHARETTA, GA 30004			Chief Operating Officer

Signatures

Brad S. Kalter as attorney-in-fact for Edward J. O'Leary		02/20/2008
^**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)	For Section 16 purposes only, the increases in option exercise prices are deemed to be a cancellation of the old options and the grant of replacement options. The other terms of the outstanding options (including the vesting of the options) remain unchanged.
(2)	On February 18, 2008, the Reporting Person entered into an agreement with the Registrant to amend the exercise prices of certain eligible stock options. The exercise prices of these eligible options were based on a formula set forth in the Registrant's outstanding warrant agreement, which provides for an exercise price per share equal to the 10-day trailing average closing price per share of the Registrant's common stock prior to the date of grant. As a result, the exercise prices for these eligible options were less than the closing sale price per share of the Registrant's common stock on the dates of grant. Pursuant to the amendment agreement, the exercise price per share of each of the eligible options will increase to the closing sale price per share of the Registrant's common stock on the date of grant of that eligible option.
(3)	See the Registrant's Current Report on Form 8-K filed with the Securities and Exchange Commission on February 20, 2008 for additional information.
(4)	The amount shown in Column 9 reflects the number of Common Shares that may be acquired on exercise of Employee Stock Options granted to the Reporting Person on June 6, 2005, September 21, 2006 and March 21, 2007 pursuant to the 2004 Stock Incentive Plan and does not include shares that may be acquired upon exercise of outstanding Employee Stock Options previously reported.

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