Edgar Filing: BRADY CORP

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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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

PUNGELLO ELIZABETH P

2. Issuer Name and Ticker or Trading Symbol
BRADY CORP [BRC]

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)

94 RED BUD LANE

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2008

(Street)

CHAPEL HILL, NC 27514

4. If Amendment, Date Original Filed(Month/Day/Year)
04/03/2008

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/19/2008		S		1,300 ⁽²⁾	D	$ 34	922,600 ⁽¹⁾	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/24/2008		S		56,178 ⁽²⁾	D	$ 34	866,422	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/24/2008		S		300 ⁽²⁾	D	$ 34.03	866,122	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/24/2008		S		200 ⁽²⁾	D	$ 34.06	865,922	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/24/2008		S		100 ⁽²⁾	D	$ 34.065	865,822	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/24/2008		S		700 ⁽²⁾	D	$ 34.07	865,122	I	By EBL GRAT No. 3
Class A Common Stock	03/24/2008		S		200 ⁽²⁾	D	$ 34.09	864,922	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/24/2008		S		300 ⁽²⁾	D	$ 34.1	864,622	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/25/2008		S		17,600 ⁽²⁾	D	$ 34	847,022	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/25/2008		S		1,200 ⁽²⁾	D	$ 34.01	845,822	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/25/2008		S		500 ⁽²⁾	D	$ 34.03	845,322	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/25/2008		S		200 ⁽²⁾	D	$ 34.04	845,122	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/25/2008		S		300 ⁽²⁾	D	$ 34.05	844,822	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/25/2008		S		200 ⁽²⁾	D	$ 34.07	844,622	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/25/2008		S		100 ⁽²⁾	D	$ 34.08	844,522	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/25/2008		S		100 ⁽²⁾	D	$ 34.09	844,422	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/25/2008		S		300 ⁽²⁾	D	$ 34.11	844,122	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/25/2008		S		200 ⁽²⁾	D	$ 34.12	843,922	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/25/2008		S		100 ⁽²⁾	D	$ 34.14	843,822	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/26/2008		S		11,800 ⁽²⁾	D	$ 34	832,022	I	By EBL GRAT No. 3 Trust
Class A Common Stock	03/27/2008		S		1,300 ⁽²⁾	D	$ 34	830,722	I	By EBL GRAT No. 3 Trust
Class A Common Stock	04/01/2008		S		75,000 ⁽²⁾	D	$ 34	755,722	I	By EBL GRAT No. 3 Trust
Class A Common Stock	04/01/2008		S		5,000 ⁽²⁾	D	$ 34.0049	750,722	I	By EBL GRAT No. 3 Trust
Class A Common Stock	04/01/2008		S		5,000 ⁽²⁾	D	$ 34.0141	745,722	I	By EBL GRAT No. 3 Trust
Class A Common Stock	04/01/2008		S		5,000 ⁽²⁾	D	$ 34.0339	740,722	I	By EBL GRAT No. 3 Trust

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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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Deferred Compensation Units

$ 33.89

04/01/2008

0.005

⁽³⁾⁽⁴⁾

Class A Common Stock

0.005

$ 33.89

1,955.563

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
PUNGELLO ELIZABETH P 94 RED BUD LANE CHAPEL HILL, NC 27514	X

Signatures

Barbara Bolens, as Attoney-In-Fact		09/04/2008
^**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)	This amendment is being filed to correct the total amount of shares held indirectly by the filer in the EBL GRAT No. 3 Trust on March 19, 2008.
(2)	The non-derivative securities sold were indirectly held by Ms. Pungello as TTEE of the EBL GRAT No. 3 DTD trust and were sold pursuant to the 10b5-1 trading plan adopted on December 28, 2007.
(3)	This security converts to common stock on 1 for 1 basis.
(4)	The deferred compensation stock units were acquired under the Brady Corporation director deferred compensation plan and are to be settled in installment payments of Brady's Class A Common Stock upon the persons cessation of service as a director.

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