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 *
Mounts Allen R
  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)
EVP - CHIEF ADMIN OFFICER
(Last)
(First)
(Middle)
ONE MAIN ST
3. Date of Earliest Transaction (Month/Day/Year)
02/01/2010
(Street)

EVANSVILLE, IN 47708
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 02/01/2010   D V 4,200 D $ 0 29,900 D  
COMMON STOCK 02/01/2010   D V 700 D $ 0 29,200 D  
COMMON STOCK 02/01/2010   D V 1,000 D $ 0 28,200 D  
COMMON STOCK 02/01/2010   D V 1,366 D $ 0 26,834 D  
COMMON STOCK               600 D (1)  
COMMON STOCK               10,799.822 I (6) ONB KSOP
COMMON STOCK               134.838 D (7)  
COMMON STOCK 02/01/2010   F V 444 A $ 11.84 8,474.776 D (8)  
COMMON STOCK 02/01/2010   F V 634 A $ 11.84 9,108.776 D (8)  
COMMON STOCK 02/01/2010   F V 866 A $ 11.84 9,974.776 D (8)  
COMMON STOCK 02/01/2010   F V 608 A $ 11.84 10,582.776 D (9)  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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             06/27/2001(2) 06/27/2011 COMMON STOCK 8,118   8,118 D  
EMPLOYEE STOCK OPTION $ 21.7             02/01/2002(2) 06/27/2011 COMMON STOCK 17,504   17,504 D  
EMPLOYEE STOCK OPTION $ 20.59             01/22/2003(2) 01/22/2012 COMMON STOCK 19,796   19,796 D  
EMPLOYEE STOCK OPTION $ 20.68             01/31/2004(2) 01/31/2013 COMMON STOCK 27,563   27,563 D  
EMPLOYEE STOCK OPTION $ 20.43             12/31/2004(2) 02/02/2014 COMMON STOCK 2,100   2,100 D  
EMPLOYEE STOCK OPTION $ 21.65             02/01/2007(2) 02/24/2016 COMMON STOCK 8,700   8,700 D  
EMPLOYEE STOCK OPTION $ 18.43             01/25/2008(3) 01/25/2017 COMMON STOCK 12,300   12,300 D  
EMPLOYEE STOCK OPTION $ 15.29             02/01/2009(4) 01/24/2018 COMMON STOCK 22,500   22,500 D  
EMPLOYEE STOCK OPTION $ 13.31             02/01/2010(5) 01/29/2019 COMMON STOCK 13,000   13,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Mounts Allen R
ONE MAIN ST
EVANSVILLE, IN 47708
      EVP - CHIEF ADMIN OFFICER  

Signatures

 JEFFREY L KNIGHT, EXECUTIVE VP AND CHIEF LEGAL COUNSEL, AS ATTORNEY-IN-FACT   03/03/2010
**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) Shares held with a broker.
(2) Immediately exercisable.
(3) Option vests in one-third annual installments beginning on 1/25/2008.
(4) Option vests in one-third annual installments beginning on 1/24/2009.
(5) Option vests in one-third annual installments beginning on 1/29/2010.
(6) KSOP balance updated based upon current data.
(7) Old National Bancorp Employee Stock Purchase Plan.
(8) Vesting of one-third service based restricted stock net of applicable withholding taxes.
(9) Vesting of performance based restricted stock net of applicable withholding taxes.

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