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 *
HENDRICKSON JOHN T
  2. Issuer Name and Ticker or Trading Symbol
PERRIGO CO [PRGO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Exec VP Global Operations
(Last)
(First)
(Middle)
PERRIGO COMPANY, 515 EASTERN AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
05/18/2007
(Street)

ALLEGAN, MI 49010
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
Common Stock 05/18/2007   M   25,000 A $ 13.9 58,506 (3) D  
Common Stock 05/18/2007   S   4,300 D $ 19.88 54,206 D  
Common Stock 05/18/2007   S   6,549 D $ 19.87 47,657 D  
Common Stock 05/18/2007   S   1,700 D $ 19.86 45,957 D  
Common Stock 05/18/2007   S   12,451 D $ 19.85 33,506 D  
Common Stock               4,351 I By Profit Sharing Plan (1)
Common Stock 05/21/2007   G V 1,550 D $ 0 23,368 I By Trust (2)

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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option Right to Buy $ 13.9 05/18/2007   M     8,708 08/20/2004 08/20/2013 Common Stock 9,676 $ 0 968 D  
Employee Stock Option Right to Buy $ 13.9 05/18/2007   M     8,708 08/20/2005 08/20/2013 Common Stock 9,676 $ 0 968 D  
Employee Stock Option Right to Buy $ 13.9 05/18/2007   M     7,584 08/20/2006 08/20/2013 Common Stock 9,675 $ 0 2,091 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HENDRICKSON JOHN T
PERRIGO COMPANY
515 EASTERN AVENUE
ALLEGAN, MI 49010
      Exec VP Global Operations  

Signatures

 John T. Hendrickson   05/22/2007
**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) By Profit Sharing Plan as of 5/18/07.
(2) Shares held in Mary Hendrickson Trust (spouse).
(3) Excludes 18,289 shares and 6,397 shares previously owned directly that were transferred to the Mary Hendrickson Trust on 8/28/06 and 5/21/07, respectively.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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