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 *
Wilson Stephen R
  2. Issuer Name and Ticker or Trading Symbol
CF Industries Holdings, Inc. [CF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman, President, CEO
(Last)
(First)
(Middle)
C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400
3. Date of Earliest Transaction (Month/Day/Year)
01/18/2011
(Street)

DEERFIELD, IL 60015
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, par value $0.01 per share 01/18/2011   M(1)   20,000 A $ 16 150,596 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   3,250 D $ 145.7521 147,346 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   1,900 D $ 145.8942 145,446 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   200 D $ 145.91 145,246 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   300 D $ 145.915 144,946 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   1,500 D $ 145.99 143,446 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   74 D $ 146 143,372 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   1,800 D $ 146.0924 141,572 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   114 D $ 146.12 141,458 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   400 D $ 146.1325 141,058 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   1,986 D $ 146.1364 139,072 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   2,000 D $ 146.1375 137,072 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   100 D $ 146.215 136,972 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   295 D $ 146.28 136,677 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   1,530 D $ 146.3017 135,147 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   400 D $ 146.35 134,747 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   100 D $ 146.351 134,647 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   500 D $ 146.41 134,147 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   100 D $ 146.44 134,047 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   100 D $ 146.5 133,947 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   100 D $ 146.51 133,847 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   100 D $ 146.53 133,747 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   200 D $ 146.54 133,547 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   100 D $ 146.55 133,447 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   100 D $ 146.5625 133,347 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   1,851 D $ 146.5969 131,496 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   100 D $ 146.605 131,396 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   200 D $ 146.65 131,196 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   100 D $ 146.68 131,096 D  
Common stock, par value $0.01 per share 01/18/2011   S(1)   100 D $ 146.69 130,996 D  

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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) $ 16 01/18/2011   M(1)     20,000   (2) 08/10/2015 Common stock, par value $0.01 per share 20,000 $ 0 865,400 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Wilson Stephen R
C/O CF INDUSTRIES HOLDINGS, INC.
4 PARKWAY NORTH, SUITE 400
DEERFIELD, IL 60015
  X     Chairman, President, CEO  

Signatures

 /s/ Douglas C. Barnard, by power of attorney   01/19/2011
**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) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 30, 2010.
(2) The options vest in three equal installments on August 10, 2006, 2007, and 2008.

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