Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  RAY EDGAR C.
2. Date of Event Requiring Statement (Month/Day/Year)
09/17/2007
3. Issuer Name and Ticker or Trading Symbol
CHICAGO BRIDGE & IRON CO N V [CBI]
(Last)
(First)
(Middle)
2103 RESEARCH FOREST DRIVE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EXECUTIVE VICE PRESIDENT
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

THE WOODLANDS, TX 77380
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 11,953 (1)
D
 
Common Stock 3,676.6924
I
By 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)   (2) 07/01/2013 Common Stock 600 $ 11.565 D  
Stock Option (Right to Buy)   (3) 02/12/2014 Common Stock 472 $ 14.12 D  
Stock Option (Right to Buy)   (4) 07/01/2014 Common Stock 600 $ 13.91 D  
Stock Option (Right to Buy)   (5) 03/09/2015 Common Stock 158 $ 23.655 D  
Stock Option (Right to Buy)   (6) 07/01/2015 Common Stock 600 $ 22.91 D  
Stock Option (Right to Buy)   (7) 07/01/2016 Common Stock 600 $ 24.15 D  
Stock Option (Right to Buy)   (8) 02/21/2017 Common Stock 464 $ 30.51 D  
Stock Option (Right to Buy)   (9) 02/28/2017 Common Stock 1,399 $ 29.61 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
RAY EDGAR C.
2103 RESEARCH FOREST DRIVE
THE WOODLANDS, TX 77380
      EXECUTIVE VICE PRESIDENT  

Signatures

Edgar C. Ray 09/26/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Includes 62 shares as dividend reinvestments.
(2) The option to purchase 600 shares was granted on 07/01/2003. The option vests in 7 years but may vest in 3 years if the reporting person has held continuously for 3 years.
(3) The option to purchase 472 shares was granted on 02/12/2004. The option vests in 7 years but may vest in 3 years if the reporting person has held continuously for 3 years.
(4) The option to purchase 600 shares was granted on 07/01/2004. The option vests in 7 years but may vest in 3 years if the reporting person has held continuously for 3 years.
(5) The option to purchase 158 shares was granted on 03/09/2005. The option vests in 7 years but may vest in 3 years if the reporting person has held continuously for 3 years.
(6) The option to purchase 600 shares was granted on 07/01/2005. The option vests in 7 years but may vest in 3 years if the reporting person has held continuously for 3 years.
(7) The option to purchase 600 shares was granted on 07/01/2006. The option vests in 7 years but may vest in 3 years if the reporting person has held continuously for 3 years.
(8) The option to purchase 464 shares was granted on 02/21/2007. The option vests in 7 years but may vest in 3 years if the reporting person has held continuously for 3 years.
(9) The option to purchase 1,399 shares was granted on 02/28/2007. The option vests in 7 years but may vest in 3 years if the reporting person has held continuously for 3 years.

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