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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2008
Estimated average burden
hours per response... 0.5
                      
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 *

VON LEHMAN JOHN I 		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
__ X __ Officer (give title below)      _____ Other (specify below)
Ex. VP and Secretary
(Last)          (First)          (Middle)

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

2/15/2008
(Street)

AMELIA, OH 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   2/15/2008     A (1)    5221   A $0   25845   D  
 
Common Stock   2/15/2008     F    2581   D $64.22   23264   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 (Right to Buy)   $17.23                   2/14/2006   2/13/2013   Common Stock   15     15   D  
 
Stock Option (Right to Buy)   $17.23                   2/14/2007   2/13/2013   Common Stock   2805     2805   D  
 
Stock Option (Right to Buy)   $24.4                   2/18/2006   2/17/2014   Common Stock   62     62   D  
 
Stock Option (Right to Buy)   $24.40                   2/18/2007   2/17/2014   Common Stock   2181     2181   D  
 
Stock Option (Right to Buy)   $24.40                   2/18/2008   2/17/2014   Common Stock   2182     2182   D  
 
Stock Option (Right to Buy)   $33.21                   2/17/2006   2/16/2015   Common Stock   2018     2018   D  
 
Stock Option (Right to Buy)   $33.21                   2/17/2007   2/16/2015   Common Stock   2017     2017   D  
 
Stock Option (Right to Buy)   $33.21                   2/17/2008   2/16/2015   Common Stock   2017     2017   D  
 
Stock Option (Right to Buy)   $33.21                   2/17/2009   2/16/2015   Common Stock   2017     2017   D  
 
Stock Option (Right to Buy)   $32.10                   2/24/2007   2/22/2016   Common Stock   2937     2937   D  
 
Stock Option (Right to Buy)   $32.10                   2/24/2008   2/22/2016   Common Stock   2937     2937   D  
 
Stock Option (Right to Buy)   $32.10                   2/24/2009   2/22/2016   Common Stock   2938     2938   D  
 
Stock Option (Right to Buy)   $32.10                   2/24/2010   2/22/2016   Common Stock   2938     2938   D  
 
Stock Option (Right to Buy)   $44.11                     (2) 2/21/2017   Common Stock   6115     6115   D  
 

Explanation of Responses:
( 1)  Shares were earned by Mr. Von Lehman based on performance shares awarded February 17, 2005 pursuant to the 2002 Employee Incentive Stock Plan.
( 2)  The option vests in the amount of one-fourth annually from the date of grant.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
VON LEHMAN JOHN I
7000 MIDLAND BOULEVARD
AMELIA, OH 45102 		X
Ex. VP and Secretary

Signatures
Lori Birkenhauer, Attorney-in-Fact for John I. Von Lehman 2/20/2008
** 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.
Midland Co (MM) (NASDAQ:MLAN)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Midland Co (MM) Charts.
Midland Co (MM) (NASDAQ:MLAN)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Midland Co (MM) Charts.