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 * HASSELBUSCH STAN L   2. Issuer Name and Ticker or Trading Symbol FOSTER L B CO [FSTR] 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 Chief Executive (Last) (First) (Middle) L.B. FOSTER COMPANY, 415 HOLIDAY DRIVE 3. Date of Earliest Transaction (Month/Day/Year) 11/15/2007 (Street) PITTSBURGH, PA 15220 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 11/15/2007   M   200 A $ 3.65 38,017 D   Common Stock 11/15/2007   S   200 D $ 46 37,817 D   Common Stock 11/16/2007   M   15,000 A $ 3.65 52,817 D   Common Stock 11/16/2007   S   15,000 D $ 44.3895 37,817 D   Common Stock 11/16/2007   M   216 A $ 3.65 38,033 D   Common Stock 11/16/2007   S   216 D $ 44.5 37,817 D   Common Stock 11/19/2007   M   658 A $ 3.65 38,475 D   Common Stock 11/19/2007   S   658 A $ 43.2525 37,817 D   Common Stock               25,065 I Approximate share equivalent of units in 401(k) trust

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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

Option to Buy

$ 4.75

12/12/2001(2)

12/11/2011

Common

50,000

50,000

D

Option to Buy

$ 5.5

05/15/2002(3)

05/14/2012

Common

20,000

20,000

D

Option to Buy

$ 3.65

11/15/2007

M

200

05/09/2001(1)

05/08/2011

Common

200

(4)

29,800

D

Option to Buy

$ 3.65

11/16/2007

M

15,000

05/09/2001

05/08/2011

Common

15,000

(4)

14,800

D

Option to Buy

$ 3.65

11/16/2007

M

216

05/09/2001

05/08/2011

Common

216

(4)

14,584

D

OPtion to Buy

$ 3.65

11/19/2007

M

658

05/09/2001

05/08/2011

Common

658

(4)

13,926

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HASSELBUSCH STAN L L.B. FOSTER COMPANY 415 HOLIDAY DRIVE PITTSBURGH, PA 15220	X		President and Chief Executive

Signatures

Stan L. Hasselbusch, by David L. Voltz as Attorney-in-Fact		11/19/2007
**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)	25% became exercisable on 5/9/02 and an additional 25% became vested on each of the next three anniversaries
(2)	25% became exercisable on 12/12/02 and an additional 25% became vested on each of the next three anniversaries
(3)	25% became exercisable on 5/15/03 and an additional 25% became vested on each of the next three anniversaries
(4)	Not applicable

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