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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

BUSHMAN JAMES E 		2. Issuer Name and Ticker or Trading Symbol

MIDLAND CO [ MLAN ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

7000 MIDLAND BLVD. 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/6/2007
(Street)

AMELIA, X1 45102
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   12/6/2007     G (1)   V 6200   D $0   12800   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Stock Option   $13.045                   1/31/1999   1/31/2009   Common Stock   6000     6000   D  
 
Stock Option   $11.375                   2/21/2000   2/21/2010   Common Stock   4000     4000   D  
 
Stock Option   $16.594                   2/15/2001   2/15/2011   Common Stock   3000     3000   D  
 
Stock Option   $20.78                   2/1/2002   1/31/2012   Common Stock   2200     2200   D  
 
Stock Option   $17.23                   2/14/2003   2/13/2013   Common Stock   2700     2700   D  
 
Stock Option   $24.4                   2/18/2004   2/17/2014   Common Stock   2000     2000   D  
 
Stock Option   $33.21                   2/17/2005   2/16/2015   Common Stock   1600     1600   D  
 
Stock Option   $32.1                   2/23/2006   2/22/2016   Common Stock   2700     2700   D  
 
Stock Option   $44.11                   2/21/2007   2/21/2017   Common Stock   1300     1300   D  
 

Explanation of Responses:
( 1)  Gift of shares to the James E. Bushman IRR TR DTD 2007, the beneficiaries of which are Mr. Bushman's emancipated children.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BUSHMAN JAMES E
7000 MIDLAND BLVD.
AMELIA, X1 45102 		X



Signatures
Lori Birkenhauer, Attorney-in-Fact for James E. Bushman 12/7/2007
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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