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 *
Laakso William D
  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)
VP - Human Resources
(Last)
(First)
(Middle)
700 NORTH ADAMS STREET, P.O. BOX 19001
3. Date of Earliest Transaction (Month/Day/Year)
02/10/2011
(Street)

GREEN BAY, WI 54307-9001
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               538.608 D  
Common Stock               1,133.1472 I By 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 (Right to buy) $ 49.4 (1) 02/10/2011   A   6,453   02/10/2012 02/10/2021 Common Stock 6,453 $ 0 6,453 D  
Performance Rights $ 0 (2) 02/10/2011   A   2,267   01/01/2014(2) 06/30/2014 Common Stock 2,267 $ 0 2,267 D  
Restricted Stock Units 2011 (3) 02/10/2011   A   839     (4)   (4) Common Stock 839 $ 0 839 D  
Employee Stock Option (Right to buy) $ 41.58 (5)             02/11/2011 02/11/2020 Common Stock 11,112   11,112 D  
Employee Stock Option (Right to buy) $ 42.12 (6)             02/12/2010 02/12/2019 Common Stock 9,339   9,339 D  
Performance Rights $ 0 (2)             01/01/2012(7) 06/30/2012 Common Stock 2,213   2,213 D  
Performance Rights $ 0 (2)             01/01/2013(7) 06/30/2013 Common Stock 3,018   3,018 D  
Restricted Stock Units 2008 (3)               (8)   (8) Common Stock 728.193   728.193 D  
Restricted Stock Units 2009 (3)               (9)   (9) Common Stock 804.87   804.87 D  
Restricted Stock Units 2010 (3)               (10)   (10) Common Stock 1,011.232   1,011.232 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Laakso William D
700 NORTH ADAMS STREET
P.O. BOX 19001
GREEN BAY, WI 54307-9001
      VP - Human Resources  

Signatures

 By: Dane E. Allen, as Power of Attorney For: Mr. Laakso   02/11/2011
**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 option vests in four equal annual installments beginning on February 10, 2012.
(2) 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 target award.
(3) Each restricted stock unit represent a contingent right to receive one share of Company common stock.
(4) The restricted stock units vest in four equal annual installments beginning on February 10, 2012.
(5) The option vests in four equal annual installments beginning on February 11, 2011.
(6) The option vests in four equal annual installments beginning on February 12, 2010.
(7) 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 target award.
(8) The restricted stock units vest in four equal annual installments beginning on February 14, 2009.
(9) The restricted stock units vest in four equal annual installments beginning on February 12, 2010.
(10) The restricted stock units vest in four equal annual installments beginning on February 11, 2011.
 
Remarks:
Table I, Line I reflects an adjustment for 0.9 fractional shares related to tax withholding resulting from vesting of shares of Restricted Stock on December 7, 2010.  Table I, Line II reflect shares pertaining to the December 20, 2010 dividend in the Company's ESOP.  Table II reflects dividends paid on Restricted Stock Units and reinvested in additional Restricted Stock Units, under the Company's 2007 Omnibus Incentive Plan on December 20, 2010.

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