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
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                      	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(f) of the Investment Company Act of 1940	                      	

1. Name and Address of Reporting Person *

JAMES DONALD M	2. Issuer Name and Ticker or Trading Symbol

Vulcan Materials CO [ VMC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman & CEO	
(Last)          (First)          (Middle)

1200 URBAN CENTER DRIVE	3. Date of Earliest Transaction (MM/DD/YYYY)

9/9/2008		
(Street)

BIRMINGHAM, AL 35242
(City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)

 	6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person	

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned	
1.Title of Security
(Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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  	9/9/2008  	 	M	  	20000  	A	$45.17  	177156  	D  	
 	
Common Stock  	9/9/2008  	 	F	  	11581   (1)	D	$78.00  	165575  	D  	
 	
Common Stock  	9/9/2008  	 	F	  	3489   (2)	D	$78.00  	162086  	D  	
 	
Common Stock (401k)  	 	 	 	  	 	 	 	24758   (3)	D  	
 	
Common Stock (Restricted Stock Units)  	 	 	 	  	 	 	 	95048   (3)	D  	

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)	
1. Title of Derivate Security
(Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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	7. Title and Amount of Securities Underlying Derivative Security
(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 Options (Right to Buy)  	$45.17  	9/9/2008  	 	M 	  	  	20000   	2/11/2000   (4)	2/11/2009  	Common Stock  	20000  	$78.00  	175000  	D  	
 	
Performance Share Units  	$0.00   (5)	 	 	  	  	  	  	12/31/2009   (5)	  (5)	Common Stock  	15000  	 	15000  	D  	
 	
Performance Share Units  	$0.00   (5)	 	 	  	  	  	  	12/31/2010   (5)	  (5)	Common Stock  	19500  	 	19500  	D  	
 	
Phantom Stock (Deferred Comp DSUs/PSUs)   (6)	$0.00  	 	 	  	  	  	  	  (7)	  (7)	Common Stock  	89879  	 	89879  	D  	
 	
Phantom Stock (Deferred Compensation)  	$0.00   (8)	 	 	  	  	  	  	  (9)	  (9)	Common Stock  	15611  	 	15611  	D  	
 	
Stock Appreciation Right  	$109.20  	 	 	  	  	  	  	2/8/2008  	2/8/2017  	Common Stock  	111250  	 	111250  	D  	
 	
Stock Appreciation Right  	$70.69  	 	 	  	  	  	  	2/7/2009  	2/7/2018  	Common Stock  	75000  	 	75000  	D  	
 	
Stock Options (Right to Buy)  	$42.34  	 	 	  	  	  	  	2/10/2001   (4)	2/10/2010  	Common Stock  	220000  	 	220000  	D  	
 	
Stock Options (Right to Buy)  	$44.90  	 	 	  	  	  	  	2/9/2002   (4)	2/9/2011  	Common Stock  	200000  	 	200000  	D  	
 	
Stock Options (Right to Buy)  	$45.95  	 	 	  	  	  	  	2/7/2003   (4)	2/7/2012  	Common Stock  	200000  	 	200000  	D  	
 	
Stock Options (Right to Buy)  	$31.47  	 	 	  	  	  	  	1/1/2004   (10)	2/13/2013  	Common Stock  	145000  	 	145000  	D  	
 	
Stock Options (Right to Buy)  	$46.76  	 	 	  	  	  	  	1/1/2005   (10)	2/12/2014  	Common Stock  	130000  	 	130000  	D  	
 	
Stock Options (Right to Buy)  	$57.10  	 	 	  	  	  	  	12/31/2005   (10)	2/10/2015  	Common Stock  	146000  	 	146000  	D  	
 	
Stock Options (Right to Buy)  	$68.63  	 	 	  	  	  	  	12/8/2005   (11)	12/8/2015  	Common Stock  	118000  	 	118000  	D  	
 	
Stock Options (Right to Buy)  	$69.31  	 	 	  	  	  	  	1/24/2006   (12)	1/24/2016  	Common Stock  	169800  	 	169800  	D  	

Explanation of Responses:	
(  1) 	Mature VMC shares deemed tendered for option exercise price.	
(  2) 	Shares withheld by Company for tax withholding.	
(  3) 	Shares now being reported separately from Common Stock. Shares of various types were previously grouped together under the security titled Common Stock.	
(  4) 	The option vests over five years in 20% increments each year on the anniversary of the grant date.	
(  5) 	Performance Share Units vest at December 31 following a three-year award period. At the end of the award period, the Compensation Committee determines the payment amount based on Company performance. The payment is made 100% in stock on a payment date determined by the Compensation Committee. The fair market value of the award is not determinable until the payment date.	
(  6) 	Represents time-based restricted stock units ('RSUs') reported as shares of common stock. The reporting person has elected, upon the vesting thereof, to defer the receipt of these shares under the terms of the Company's Executive Deferred Compensation Plan.	
(  7) 	The units are to be settled in Vulcan common stock the year following the year of retirement of the reporting person.	
(  8) 	Convertible on a 1-for-1 basis.	
(  9) 	The units are to be settled in Vulcan common stock commencing at the retirement of the reporting person.	
(  10) 	The option vests over five years in 20% increments each year on December 31 following the grant date.	
(  11) 	The option is fully vested as of the grant date, however, the sale of underlying shares is restricted until January 1, 2009.	
(  12) 	The option is fully vested as of the grant date, however, the sale of underlying shares is restricted until January 24, 2009.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
JAMES DONALD M
1200 URBAN CENTER DRIVE
BIRMINGHAM, AL 35242	X		Chairman & CEO		

Signatures		
By: Amy M. Tucker, Attorney-in-Fact		9/10/2008	
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
*	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).	
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
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