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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1. Name and Address of Reporting Person * CORNELL HELEN W   2. Issuer Name and Ticker or Trading Symbol GARDNER DENVER INC [GDI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP, Finance & CFO (Last) (First) (Middle) GARDNER DENVER, INC., 1800 GARDNER EXPRESSWAY 3. Date of Earliest Transaction (Month/Day/Year) 09/24/2010 (Street) QUINCY, IL 62305 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 09/24/2010   M   7,267 A $ 35.88 7,268 D   Common Stock 09/24/2010   M   7,050 A $ 35.7 14,318 D   Common Stock 09/24/2010   M   5,334 A $ 18.53 19,652 D   Common Stock 09/24/2010   S   17,336 D $ 52 2,316 D   Common Stock 09/24/2010   S   2,315 D $ 52.03 1 D   Common Stock               8,112 (1) I 401(K) & Excess Plan Common Stock               643 (2) I John L. Cornell Irrevocable Trust Common Stock               643 (2) I Patrick O. Cornell Irrevocable Trust Common Stock               142,885 (3) I Ms. Cornell's Revocable Trust

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 (Right-to-buy)

$ 35.88

09/24/2010

M

7,267

(4)

02/18/2015

Common Stock

7,267

$ 0

3,633

D

Employee Stock Option (Right-to-buy)

$ 35.7

09/24/2010

M

7,050

(4)

02/19/2014

Common Stock

7,050

$ 0

0

D

Employee Stock Option (Right-to-buy)

$ 18.53

09/24/2010

M

5,334

(4)

02/23/2016

Common Stock

5,334

$ 0

10,666

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
CORNELL HELEN W GARDNER DENVER, INC. 1800 GARDNER EXPRESSWAY QUINCY, IL 62305			EVP, Finance & CFO

Signatures

/s/Brent A. Walters, Attorney-in-fact		09/28/2010
**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)	The reporting person acquired shares under the Company's Retirement Savings Plan, a 401(k) plan, and the related Supplemental Excess Defined Contribution Plan. The information reported herein is based on a report dated as of September 28, 2010 from the Plan's recordkeeper, JPMorgan.
(2)	Shares held in the John L. Cornell Irrevocable Trust and Patrick O. Cornell Irrevocable Trust, which Ms. Cornell's spouse serves as trustee for both of these children's trusts.
(3)	2,090 of these shares were previously reported as directly beneficially owned, but were contributed to Ms. Cornell's revocable trust on February 26, 2010, of which Ms. Cornell serves as the sole trustee and sole beneficiary.
(4)	The options, granted under the Company's Amended and Restated Long-Term Incentive Plan, are exerciseable in cumulative increments of one-third each beginning the year following the grant date 02/18/2008, 02/19/2007, and 02/23/2009, respectively.
Remarks: Brent A. Walters, Attorney-in-fact for Helen W. Cornell, pursuant to Power of Attorney dated November 16, 2009 and filed with the SEC on December 7, 2009.

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