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 *
Ellspermann Caroline J
  2. Issuer Name and Ticker or Trading Symbol
OLD NATIONAL BANCORP /IN/ [ONB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
PRESIDENT - WEALTH MANAGEMENT
(Last)
(First)
(Middle)
508 WYNDCLYFF DR
3. Date of Earliest Transaction (Month/Day/Year)
08/03/2007
(Street)

EVANSVILLE, IN 47711
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               15,000 D  
COMMON STOCK               3,317 I KENNETH ELLSPERMANN - SPOUSE
COMMON STOCK               3,022.375 (6) I CAROLINE ELLSPERMAN - ONB KSOP
COMMON STOCK               3,448.361 (6) I KENNETH ELLSPERMAN - ONB KSOP
COMMON STOCK 08/03/2007   P   100 A $ 14.29 1,103.15 D (2)  
COMMON STOCK 08/03/2007   P   400 A $ 14.2999 1,400 D (4)  
COMMON STOCK               378 D  
COMMON STOCK               115 I KENNETH ELLSPERMAN - SPOUSE

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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 $ 21.7             02/01/2002(1) 06/27/2011 COMMON STOCK 3,525   3,525 D  
EMPLOYEE STOCK OPTION $ 20.59             01/22/2003(1) 01/22/2012 COMMON STOCK 7,178   7,178 D  
EMPLOYEE STOCK OPTION $ 20.68             01/31/2004(1) 01/31/2013 COMMON STOCK 10,474   10,474 D  
EMPLOYEE STOCK OPTION $ 20.43             12/31/2004(1) 02/02/2014 COMMON STOCK 2,100   2,100 D  
EMPLOYEE STOCK OPTION $ 21.65             02/01/2007(3) 02/24/2016 COMMON STOCK 8,700   8,700 D  
EMPLOYEE STOCK OPTION $ 18.43             01/25/2008(5) 01/25/2017 COMMON STOCK 12,300   12,300 D  
EMPLOYEE STOCK OPTION $ 21.7             02/01/2002(1) 06/27/2011 COMMON STOCK 6,077   6,077 I SPOUSE - KENNETH ELLSPERMANN
EMPLOYEE STOCK OPTION $ 20.59             01/22/2003(1) 01/22/2012 COMMON STOCK 7,178   7,178 I SPOUSE - KENNETH ELLSPERMANN
EMPLOYEE STOCK OPTION $ 20.68             01/31/2004(1) 01/31/2013 COMMON STOCK 10,474   10,474 I SPOUSE - KENNETH ELLSPERMANN
EMPLOYEE STOCK OPTION $ 20.43             12/31/2004(1) 02/02/2014 COMMON STOCK 1,470   1,470 I SPOUSE - KENNETH ELLSPERMANN

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Ellspermann Caroline J
508 WYNDCLYFF DR
EVANSVILLE, IN 47711
      PRESIDENT - WEALTH MANAGEMENT  

Signatures

 JEFFREY L KNIGHT, EXECUTIVE VP AND CHIEF LEGAL COUNSEL, AS ATTORNEY-IN-FACT   08/06/2007
**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) Immediately exercisable.
(2) Registered as joint tenants - Kenneth and Caroline Ellspermann - held by broker.
(3) Option vests in one-third annual installments beginning on 2/1/2007.
(4) Registered as Caroline Ellspermann IRA - held by broker
(5) Option vests in one-third annual installments beginning on 1/25/2008.
(6) KSOP Shares updated to include current balance.

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