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 *
Kelley John P
  2. Issuer Name and Ticker or Trading Symbol
MEDICINES CO /DE [MDCO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and COO
(Last)
(First)
(Middle)
THE MEDICINES COMPANY, 8 CAMPUS DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
01/03/2007
(Street)

PARSIPPANY, NJ 07054
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 01/03/2007   M   25,000 A $ 18.27 0 D  
Common Stock (1) 01/03/2007   S   25,000 D $ 31.98 0 D  
Common Stock 01/03/2007   M   25,000 A $ 18.27 0 D  
Common Stock (1) 01/03/2007   S   25,000 D $ 31.83 0 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
Stock Option (right to buy) $ 18.27 01/03/2007   M     25,000 01/03/2007(2) 11/30/2015 Common Stock 25,000 $ 0 15,625 D  
Stock Option (right to buy) $ 18.27 01/03/2007   M     25,000 01/03/2007(3) 11/30/2015 Common Stock 25,000 $ 0 87,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Kelley John P
THE MEDICINES COMPANY
8 CAMPUS DRIVE
PARSIPPANY, NJ 07054
  X     President and COO  

Signatures

 /s/ John P. Kelley   01/05/2007
**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) The common stock sales reported on this Form 4 were affected purusant to a Rule 10b5-1 program adopted by Mr. Kelley on November 30, 2006.
(2) As of January 3, 2007, the original grant (150,000 shares granted on 11/30/05) was vested with respect to 40,625 of the shares covered thereby. The remaining 109,375 of the shares covered by the option vest in equal monthly installments ending on 11/30/09.
(3) As of January 3, 2007, the original grant (112,500 shares granted on 11/30/05) was fully vested. After the exercise of the options reported hereby, as of January 3, 2007, 87,500 of the shares covered by the option were vested but not exercised and are subject to the terms of the lock-up agreement between Mr. Kelley and The Medicines Company (the "Lock-Up")under which Mr. Kelley has agreed not to sell, transfer, pledge or otherwise dispose of the shares underlying the option, except as set forth in the Lock-Up. The Lock-Up will expire with respect to one-forth-eighth (1/48) of the original number of shares underlying the option on the 30th day of each calendar month, beginning on December 30, 2005. In addition, the Lock-Up will expire if Mr. Kelley ceases to be employed by The Medicines Company for any reason or upon consummation of a "Change of Control Event" as defined in The Medicines Company's 2004 Stock Incentive Plan.

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