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 *
HUDGIONS ANNETTE W
  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)
PRES AND CEO-ONB SERVICE DIV
(Last)
(First)
(Middle)
800 S MAIN STREET
3. Date of Earliest Transaction (Month/Day/Year)
08/09/2006
(Street)

HENDERSON, KY 42420
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               19,500 D  
COMMON STOCK               5,944.153 D  
COMMON STOCK 08/09/2006   L V 1.317 A $ 18.9846 553.049 D (3)  
COMMON STOCK 08/23/2006   L V 1.316 A $ 18.9903 554.365 D (3)  
COMMON STOCK               9,105.408 I ONB ESOP

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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 32,089   32,089 D  
EMPLOYEE STOCK OPTION $ 20.59             01/22/2003(1) 01/22/2012 COMMON STOCK 35,307   35,307 D  
EMPLOYEE STOCK OPTION $ 20.68             01/31/2004(1) 01/31/2013 COMMON STOCK 44,100   44,100 D  
EMPLOYEE STOCK OPTION $ 20.43             12/31/2004(1) 02/02/2014 COMMON STOCK 4,200   4,200 D  
EMPLOYEE STOCK OPTION $ 21.65             02/01/2007(2) 02/24/2016 COMMON STOCK 12,800   12,800 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HUDGIONS ANNETTE W
800 S MAIN STREET
HENDERSON, KY 42420
      PRES AND CEO-ONB SERVICE DIV  

Signatures

 JEFFREY L KNIGHT, EXECUTIVE VP AND CHIEF LEGAL COUNSEL, AS ATTORNEY-IN-FACT   09/07/2006
**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) Option vests in one-third annual installments beginning on 2/1/2007.
(3) Registered in Annette W and John D Hudgions Jt Ten

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