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

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * VERBANAC DANIEL J   2. Issuer Name and Ticker or Trading Symbol INTEGRYS ENERGY GROUP, INC. [TEG] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive VP - IBS (Last) (First) (Middle) 1716 LAWRENCE DRIVE 3. Date of Earliest Transaction (Month/Day/Year) 11/21/2014 (Street) DE PERE, WI 54115 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 11/21/2014   M   7,840 A $ 53.24 8,409.0742 D   Common Stock 11/21/2014   S   7,840 D $ 73.2937 (1) 569.0742 D   Common Stock               7,039.577 I By Employee Stock Ownership Plan Common Stock               80 I By Joint Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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)

$ 53.24

11/21/2014

M

7,840

02/09/2013(2)

02/09/2022

Common Stock

7,840

$ 0

0

D

Employee Stock Option (Right to buy)

$ 56

02/14/2014(2)

02/14/2023

Common Stock

13,326

13,326

D

Employee Stock Option (Right to Buy)

$ 55.23

02/13/2015(2)

02/13/2024

Common Stock

15,315

15,315

D

Performance Rights

$ 0 (3)

01/01/2016(3)

03/15/2016

Common Stock

6,297

6,297

D

Performance Rights

$ 0 (3)

01/01/2017(3)

03/15/2017

Common Stock

6,123

6,123

D

Performance Rights

$ 0 (3)

01/01/2015(3)

03/15/2015

Common Stock

5,288

5,288

D

Phantom Stock Unit

(4)

(5)

(5)

Common Stock

27,542.0549

27,542.0549

D

Restricted Stock Units 2011

(6)

02/10/2012

02/10/2015

Common Stock

552.4344

552.4344

D

Restricted Stock Units 2012

(6)

02/09/2013

02/09/2016

Common Stock

1,029.1027

1,029.1027

D

Restricted Stock Units 2013

(6)

02/14/2014

02/14/2017

Common Stock

1,460.3708

1,460.3708

D

Restricted Stock Units 2014

(6)

02/13/2015

02/13/2018

Common Stock

1,852.1123

1,852.1123

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
VERBANAC DANIEL J 1716 LAWRENCE DRIVE DE PERE, WI 54115			Executive VP - IBS

Signatures

Dane E. Allen, as Power of Attorney for Mr. Verbanac		11/24/2014
**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 weighted average sale price reflects multiple transactions at prices ranging from $73.26 - $73.39.
(2)	Effective October 24, 2014, the Board of Directors accelerated the vesting of all the outstanding stock options, and all outstanding stock options are now fully vested.
(3)	Performance stock rights represent the right to receive shares of common stock of the Company, in the event certain performance goals are satisfied. These goals are based on Company performance against an established industry benchmark, over a three year performance period. The final award of shares issued can be between 0% and 200% of the reported target award.
(4)	These phantom stock units convert to common stock on a one-for-one basis.
(5)	Upon retirement or termination of service, distribution of phantom stock units will commence in January of the year that is both (1) following the calendar year in which service terminates with the Company, and (2) at least six months following termination, or later if the participant selected a later date.
(6)	Each restricted stock unit represent a contingent right to receive one share of Company common stock. The restricted stock units vest in four equal annual installments beginning on the exercisable date.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.