Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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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1. Name and Address of Reporting Person *
BEUG NORMAN B
2. Issuer Name and Ticker or Trading Symbol
MOSAIC CO [MOS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last)
(First)
(Middle)

BOX 7500
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
05/31/2007
(Street)


REGINA, A9 S0G 0G0
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock             12,000 D  

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 2270 (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 at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 30.656           10/22/2004 06/18/2008 Common Stock
5,950
  5,950
D
 
Stock Option (Right to Buy) $ 22.6562           10/22/2004 04/27/2009 Common Stock
6,200
  6,200
D
 
Stock Option (right to buy) $ 15.0312           10/22/2004 02/22/2010 Common Stock
6,800
  6,800
D
 
Stock Option (Right to Buy) $ 15.0312           10/22/2004 02/22/2010 Common Stock
2,500
  2,500
D
 
Stock Option (Right to Buy) $ 13.55           10/22/2004 02/28/2011 Common Stock
7,000
  7,000
D
 
Stock Option (Right to Buy) $ 10.71           10/22/2004 11/05/2011 Common Stock
8,750
  8,750
D
 
Stock Option (Right to Buy) $ 10.76           10/22/2004 01/02/2013 Common Stock
22,000
  22,000
D
 
Stock Option (Right to Buy) $ 10.19           10/22/2004 01/02/2014 Common Stock
40,000
  40,000
D
 
Restricted Stock Units $ 0 (4)           10/29/2008   (1) Common Stock
9,974
  9,974
D
 
Restricted Stock Units $ 0 (4)           08/01/2008   (1) Common Stock
9,276
  9,276
D
 
Stock Option (Right to Buy) $ 17.29           08/01/2006(2) 08/01/2015 Common Stock
27,829
  27,829
D
 
Restricted Stock Units $ 0 (4)           08/04/2009   (1) Common Stock
14,458
  14,458
D
 
Stock Option (Right to Buy) $ 15.45           08/04/2007(3) 08/04/2016 Common Stock
43,375
  43,375
D
 
Restricted Stock Unit $ 0 (4)           10/06/2009   (1) Common Stock
3,088
  3,088
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BEUG NORMAN B
BOX 7500
REGINA, A9 S0G 0G0
      Senior Vice President  

Signatures

s/Richard L. Mack, Attorney in fact for Norman B. Beug 07/16/2007
**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) Not applicable.
(2) Vests 33.33% on 8/1/2006, 8/1/2007 and 8/1/2008.
(3) Vests 33.33% on 8/4/2007, 8/4/2008 and 8/4/2009.
(4) one-for-one

Note: File three copies of this Form, one of which must be manually signed. If space provided 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.