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Director's Dealing 2007

Apr 25, 2007

30797_dirs_2007-04-25_3c8013ce-b233-4cbb-8e48-e0a0b980b3fb.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEDERAL SIGNAL CORP /DE/ (fss)
CIK: 0000277509
Period of Report: 2007-04-24

Reporting Person: GOODWIN JAMES E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-24	Common Stock	A	1229	$16.27	Acquired	5743	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-24	Stock Option (right to buy)	$16.27	A	3317	Acquired	2017-04-24	Common Stock (3317)	Direct

Footnotes

F1: This represents a restricted stock award. 410 shares will vest on 4/24/2008, 409 shares vest on 4/24/2009 and the remaining 410 shares will vest on 4/24/2010.

F2: Some shares are subject to restrictions and forfeiture under Company Stock Benefit Plan.

F3: This option becomes exercisable as to 1,106 shares on 4/24/2008, 1,105 shares on 4/24/2009 and the remaining 1,106 shares on 4/24/2010.