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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

TEHLE DAVID M
2. Issuer Name and Ticker or Trading Symbol

DOLLAR GENERAL CORP [ DG ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP & Chief Financial Officer
(Last)          (First)          (Middle)

100 MISSION RIDGE
3. Date of Earliest Transaction (MM/DD/YYYY)

12/8/2010
(Street)

GOODLETTSVILLE, TN 37072
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   12/8/2010     M    99530   A $2.1875   108670   D  
 
Common Stock   12/8/2010     M    46642   A $7.9975   155312   D  
 
Common Stock   12/8/2010     F    40765.1393   D $30.84   114546.8607   D  
 
Common Stock   12/8/2010     F    24687.5793   D $30.84   89859.2814   D  
 
Common Stock   12/8/2010     D    .8607   D $30.84   89858.4207   D  
 
Common Stock   12/8/2010     D    .4207   D $30.84   89858   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Employee Stock Option (Right to Buy)   $2.1875   12/8/2010     M         20913      (1) 8/9/2014   Common Stock   20913   $0   10188   D  
 
Employee Stock Option (Right to Buy)   $2.1875   12/8/2010     M         25408      (2) 8/24/2014   Common Stock   25408   $0   0   D  
 
Employee Stock Option (Right to Buy)   $2.1875   12/8/2010     M         47505      (3) 3/16/2016   Common Stock   47505   $0   0   D  
 
Employee Stock Option (Right to Buy)   $2.1875   12/8/2010     M         5704    7/6/2007   3/23/2017   Common Stock   5704   $0   0   D  
 
Employee Stock Option (Right to Buy)   $7.9975   12/8/2010     M         46642    3/20/2008   7/6/2017   Common Stock   46642   $0   456214   (4) D  
 

Explanation of Responses:
(1)  The option vested as to 25% on August 9, 2005 and as to 75% on February 3, 2006.
(2)  The option vested as to 25% on August 24, 2005 and as to 75% on February 3, 2006.
(3)  The option vested as to 25% on March 16, 2007 and as to 75% on July 6, 2007.
(4)  The number of securities reported in this column represents (a) 314,285 options that are subject to time-vesting criteria, 188,571 of which are vested and 125,714 of which are scheduled to vest 50% on each of July 6, 2011 and July 6, 2012; and (b) 188,571 options which vested after the Issuer's satisfaction of certain performance-vesting criteria. The number of securities reported in this column does not include 125,714 options which are scheduled to vest 50% per year based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years ending January 28, 2011 and February 3, 2012.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
TEHLE DAVID M
100 MISSION RIDGE
GOODLETTSVILLE, TN 37072


EVP & Chief Financial Officer

Signatures
/s/ David M. Tehle 12/10/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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