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 *
LIPPS RANDALL A
   2. Issuer Name and Ticker or Trading Symbol
OMNICELL INC /CA/ [OMCL] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
OMNICELL, INC., 1201 CHARLESTON ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
01/12/2007
(Street)

MOUNTAIN VIEW, CA 94043-1337		 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 02/05/2007   M   2,655 A $ 2.75 167,768 D  
Common Stock 02/05/2007   M   4,845 A $ 3.03 172,613 D  
Common Stock 02/05/2007   S   7,500 (4) D $ 20.7667 165,113 (5) D  
Common Stock 02/06/2007   M   7,500 A $ 3.03 172,613 D  
Common Stock 02/06/2007   S   7,500 (4) D $ 20.6939 165,113 D  
Common Stock 02/07/2007   M   25,000 (9) A $ 20.95 190,113 D  
Common Stock               438,749 (5) I In Trust with Wife (1)
Common Stock 01/12/2007   P   25 (6) A $ 17.77 80,393 I In Trust for Children (2)
Common Stock 02/06/2007   S   1,000 (7) D $ 20.68 79,393 I In Trust for Children (2)
Common Stock               6,728 I Held by Son (3)

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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
Stock Option (Right to Buy) $ 2.75 02/05/2007   M   2,655   03/31/2003 11/05/2009 Common Stock 2,655 $ 0 0 D  
Stock Option (Right to Buy) $ 3.03 02/05/2007   M   4,845   12/21/2002 12/20/2012 Common Stock 4,845 $ 0 28,319 D  
Stock Option (Right ot Buy) $ 3.03 02/06/2007   M   7,500   12/21/2002 12/20/2012 Common Stock 7,500 $ 0 20,819 D  
Stock Option (Right to Buy) $ 20.95 02/07/2007   A   140,000   02/01/2007 02/07/2017 Common Stock 140,000 (8) $ 0 140,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LIPPS RANDALL A
OMNICELL, INC.
1201 CHARLESTON ROAD
MOUNTAIN VIEW, CA 94043-1337		   X     President and CEO  

Signatures

 /s/ Randall A. Lipps   02/08/2007
**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 in trust with Mr. Lipps' wife.
(2) Shares held in trust for the benefit of Mr. Lipps' children.
(3) Shares held by Mr. Lipps' son.
(4) Sale made pursuant to a Rule 10b5-1 selling plan adopted on November 29, 2006.
(5) Total reflects correction made based upon a calculation error on the Form 4 filed December 28, 2006.
(6) Shares purchased for the benefit of Mr. Lipps' daughter and held by an IRA Trust.
(7) Shares sold by Mr. Lipps' son.
(8) Shares vest ratabaly over 48 months.
(9) Grant of restricted shares in consideration of services. Shares shall vest semiannually over 48 months.

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