PEABODY ENERGY CORP — Director's Dealing 2011

Feb 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEABODY ENERGY CORP (BTU)
CIK: 0001064728
Period of Report: 2011-01-28

Reporting Person: Crews Michael C. (Executive Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-28	Common Stock	A	10696	$0.00	Acquired	33338	Direct
2011-01-28	Common Stock	M	8979	$26.84	Acquired	42317	Direct
2011-01-28	Common Stock	M	2920	$47.87	Acquired	45237	Direct
2011-01-28	Common Stock	F	3946	$62.38	Disposed	41291	Direct
2011-01-28	Common Stock	S	15274	$61.63	Disposed	26017	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-28	Employee Stock Option (right to buy)	$26.84	M	8979	Disposed	2019-01-05	Common Stock (8979)	Direct
2011-01-28	Employee Stock Option (right to buy)	$47.87	M	2920	Disposed	2020-01-04	Common Stock (2920)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9554	Indirect

Footnotes

F1: The securities were issued to the reporting person pursuant to the payout of a performance unit award under the Issuer's Long-Term Equity Incentive Plan.

F2: This exercise/sale was effected pursuant to a pre-existing Rule 10b5-1 trading plan adopted by the reporting person.

F3: Not applicable.

F4: Does not include employee stock options with different expiration dates and exercise prices.