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

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * KOLB DAVID L   2. Issuer Name and Ticker or Trading Symbol MOHAWK INDUSTRIES INC [MHK] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 160 SOUTH INDUSTRIAL BLVD., P.O. BOX 12069 3. Date of Earliest Transaction (Month/Day/Year) 08/27/2007 (Street) CALHOUN, GA 30703 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 08/27/2007   X/K(1)   300,000 D $ 82.1502 16,537 D   Common Stock 08/27/2007   P/K(1)   300,000 A $ 87.3 316,537 D   Common Stock               2,250 I Kolb Foundation Common Stock               4,820 I Minor Children Common Stock               721 I by Managed Account

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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

Call Option (obligation to sell)

$ 82.1502

08/27/2007

X/K(1)

300,000

08/27/2007

08/27/2007

Common Stock

300,000

$ 0

0

D

Call Option (obligation to sell)

$ 110.6964

08/27/2007

S/K(2)

100,000

08/27/2008

08/27/2008

Common Stock

100,000

$ 2.94

100,000

D

Call Option (obligation to sell)

$ 118.7891

08/27/2007

S/K(3)

100,000

08/27/2009

08/27/2009

Common Stock

100,000

$ 4.47

100,000

D

Put Option (right to sell)

$ 61.731

08/27/2007

E/K(1)

300,000

08/27/2007

08/27/2007

Common Stock

300,000

$ 0

0

D

Put Option (right to sell)

$ 69.84

08/27/2007

P/K(2)

100,000

08/27/2008

08/27/2008

Common Stock

100,000

$ 2.94

100,000

D

Put Option (right to sell)

$ 69.84

08/27/2007

P/K(3)

100,000

08/27/2009

08/27/2009

Common Stock

100,000

$ 4.47

100,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
KOLB DAVID L 160 SOUTH INDUSTRIAL BLVD. P.O. BOX 12069 CALHOUN, GA 30703	X

Signatures

DAVID L. KOLB		08/29/2007
**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)	In connection with the settlement of a call option entered into on August 25, 2006, as part of a zero-cost collar arrangement, the reporting person paid to the optionholder, for each share of stock subject to the option, the excess of the market price of $87.30 over the exercise price of $82.1502 per share. The disposition and deemed repurchase of the shares subject to the call option as a result of such cash settlement is shown in Table I. On the same date the related put option expired unexercised.
(2)	The reporting person entered into a "zero cost collar" arrangement pursuant to which he wrote a covered call option and purchased a put option. Only one of these options can be in the money on the expiration date at which time the in the money option will be exercised (and settled for cash) and the other option will expire. If neither option is in the money on the expiration date, both options will expire.
(3)	The reporting person entered into a "zero cost collar" arrangement pursuant to which he wrote a covered call option and purchased a put option. Only one of these options can be in the money on the expiration date at which time the in the money option will be exercised (and settled for cash) and the other option will expire. If neither option is in the money on the expiration date, both options will expire.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.