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 *
LANE ROBERT W
  2. Issuer Name and Ticker or Trading Symbol
DEERE & CO [DE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman & CEO
(Last)
(First)
(Middle)
DEERE & COMPANY, ONE JOHN DEERE PLACE
3. Date of Earliest Transaction (Month/Day/Year)
09/19/2005
(Street)

MOLINE, IL 61265
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
$1 Par Common Stock (1) (2) 09/19/2005   M   43,360 A $ 32.53 325,520 D  
$1 Par Common Stock (1) (2) 09/19/2005   M   67,595 A $ 41.47 393,115 D  
$1 Par Common Stock (1) (2) 09/19/2005   F   84,574 D $ 62.525 308,541 (3) 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 Priced Options (4) $ 32.53 09/19/2005   M     43,360 12/09/1999 12/09/2008 Common Stock 43,360 $ 0 0 D  
Employee Priced Options (4) $ 41.47 09/19/2005   M     67,595   (5) 12/08/2009 Common Stock 67,595 $ 0 11,499 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LANE ROBERT W
DEERE & COMPANY
ONE JOHN DEERE PLACE
MOLINE, IL 61265
      Chairman & CEO  

Signatures

 /s/ Michael A. Harring, Associate General Counsel, Deere & Company, Under Power of Attorney   09/19/2005
**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) References to Deere & Company common stock include associated preferred stock rights.
(2) Exercise of Rule 16b-3 employee stock options pursuant to a Rule 10b5-1 Trading Plan adopted on 31 May 2005, and related delivery and withholding of shares to pay the option exercise prices and withholding taxes.
(3) Includes 195,605 restricted stock units granted under the John Deere Omnibus Equity and Incentive Plan.
(4) All options include the ability to withhold shares upon the exercise of the option to satisfy income tax obligations.
(5) The options became exercisable in three approximately equal installments on December 8, 2000, December 8, 2001, and December 8, 2002.

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