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 * GRAY DONALD P   2. Issuer Name and Ticker or Trading Symbol COEUR D ALENE MINES CORP [CDE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr. VP So. Am. Op. (Last) (First) (Middle) 505 FRONT AVENUE, P.O. BOX I 3. Date of Earliest Transaction (Month/Day/Year) 02/03/2009 (Street) COEUR D'ALENE, ID 83814 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, Par Value $1.00 per share 02/03/2009   A   71,579 (1) A $ 0 87,644 (2) D

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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

Incentive Stock Options

$ 2.42

07/08/2009(3)

07/08/2018

Common Stock

22,446

22,446

D

Incentive Stock Options

$ 4.85

01/10/2009(3)

01/10/2018

Common Stock

9,906

9,906

D

Incentive Stock Options

$ 1 (4)

02/03/2009

A

100,000

02/03/2010(3)

02/03/2019

Common Stock

100,000

$ 0

100,000

D

Non-qualified Stock Options

$ 1 (4)

02/03/2009

A

19,298

02/03/2010(3)

02/03/2019

Common Stock

19,298

$ 0

19,298

D

Stock Appreciation Rights

$ 1 (4)

02/03/2009

A

81,952

02/03/2010(5)

02/03/2019

Common Stock

81,952

$ 0

81,952

D

Restricted Stock Units

(6)

02/03/2009

A

49,171

(7)

(7)

Common Stock

49,171

$ 0

49,171

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GRAY DONALD P 505 FRONT AVENUE, P.O. BOX I COEUR D'ALENE, ID 83814			Sr. VP So. Am. Op.

Signatures

/s/ Mariel I. Estigarribia, Attorney-in-Fact		02/05/2009
**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)	Reports of the grant of shares of restricted stock pursuant to Rule 16b-3(d) under the Company's Long-Term Incentive Plan. The shares shall vest to the extent of one-third on the first anniversary of the date of grant and shall cumulatively vest to the extent of one-third each year thereafter.
(2)	Includes 86,470 unvested shares of restricted stock.
(3)	The stock options become exercisable to the extent of one-third on the above date and are cumulatively exercisable to the extent of one-third each year thereafter.
(4)	The exercise price of the stock options and stock appreciation rights represents a premium of $0.31 above the closing price of the issuer's common stock on the date of grant.
(5)	The stock appreciation rights become exercisable to the extent of one-third on the above date and are cumulatively exercisable to the extent of one-third each year thereafter.
(6)	Each restricted stock unit represents a right to receive a cash payment equivalent to the fair market value of the common stock as of the date of vesting.
(7)	The restricted stock units become exercisable to the extent of one-third on February 3, 2010 and are cumulatively exercisable to the extent of one-third each year thereafter. Vested units shall be settled in cash which shall be delivered to the reporting person on the date of vesting of such units.

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