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 *
MIKULSKY PHILLIP M
  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)
Exec VP-Bus Perf and Shared Sv
(Last)
(First)
(Middle)
700 NORTH ADAMS STREET, P.O. BOX 19001
3. Date of Earliest Transaction (Month/Day/Year)
03/08/2012
(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 03/08/2012   S   1,301 D $ 53.25 76.2724 D  
Common Stock               10,596.5775 I By ESOP
Common Stock               0 I by Stk Invest Plan

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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) $ 41.58 (1)             02/11/2011 02/11/2020 Common Stock 28,560   28,560 D  
Employee Stock Option (Right to buy) $ 42.12 (2)             02/12/2010 02/12/2019 Common Stock 25,845   25,845 D  
Employee Stock Option (Right to buy) $ 48.11 (3)             12/08/2005 12/08/2014 Common Stock 37,388   37,388 D  
Employee Stock Option (Right to buy) $ 48.36 (4)             02/14/2009 02/14/2018 Common Stock 30,270   30,270 D  
Employee Stock Option (Right to buy) $ 49.4 (5)             02/10/2012 02/10/2021 Common Stock 16,268   16,268 D  
Employee Stock Option (Right to buy) $ 52.73 (6)             12/07/2007 12/07/2016 Common Stock 28,761   28,761 D  
Employee Stock Option (Right to buy) $ 53.24 (7)             02/09/2013 02/09/2022 Common Stock 18,060   18,060 D  
Employee Stock Option (Right to buy) $ 54.85 (8)             12/07/2006 12/07/2015 Common Stock 32,455   32,455 D  
Employee Stock Option (Right to buy) $ 58.65 (9)             05/17/2008 05/17/2017 Common Stock 1,015   1,015 D  
Performance Rights $ 0 (10)             01/01/2013(10) 06/30/2013 Common Stock 7,756   7,756 D  
Performance Rights $ 0 (10)             01/01/2014(10) 06/30/2014 Common Stock 5,716   5,716 D  
Performance Rights $ 0 (10)             01/01/2015(10) 06/30/2015 Common Stock 6,091   6,091 D  
Phantom Stock Unit (11)               (12)   (12) Common Stock 41,417.336   41,417.336 D  
Restricted Stock Units 2008 (13)               (14)   (14) Common Stock 0   0 D  
Restricted Stock Units 2009 (13)               (15)   (15) Common Stock 619.2996   619.2996 D  
Restricted Stock Units 2010 (13)               (16)   (16) Common Stock 1,369.71   1,369.71 D  
Restricted Stock Units 2011 (13)               (17)   (17) Common Stock 1,672.1884   1,672.1884 D  
Restricted Stock Units 2012 (13)               (18)   (18) Common Stock 2,077   2,077 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MIKULSKY PHILLIP M
700 NORTH ADAMS STREET
P.O. BOX 19001
GREEN BAY, WI 54307-9001
      Exec VP-Bus Perf and Shared Sv  

Signatures

 By: Dane E. Allen, as Power of Attorney For: Mr. Mikulsky   03/12/2012
**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 11, 2011.
(2) The option vests in four equal annual installments beginning on February 12, 2010.
(3) The option vests in four equal annual installments beginning on December 8, 2005.
(4) The option vests in four equal annual installments beginning on February 14, 2009.
(5) The option vests in four equal annual installments beginning on February 10, 2012.
(6) The option vests in four equal annual installments beginning on December 7, 2007.
(7) The option vests in four equal annual installments beginning on February 9, 2013.
(8) The option vests in four equal annual installments beginning on December 7, 2006.
(9) The option vests in four equal annual installments beginning on May 17, 2008.
(10) 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.
(11) These phantom stock units convert to common stock on a one-for-one basis.
(12) Unless the participant has selected a later commencement date, distribution of stock and equivalents will commence within 60 days following the end of the calendar year in which occurs the participant's retirement or termination of service.
(13) Each restricted stock unit represent a contingent right to receive one share of Company common stock.
(14) The restricted stock units vest in four equal annual installments beginning on February 14, 2009.
(15) The restricted stock units vest in four equal annual installments beginning on February 12, 2010.
(16) The restricted stock units vest in four equal annual installments beginning on February 11, 2011.
(17) The restricted stock units vest in four equal annual installments beginning on February 10, 2012.
(18) The restricted stock units vest in four equal annual installments beginning on February 9, 2013.

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