Annual Statement of Changes in Beneficial Ownership

FORM 5

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ X ] Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*
Day Stephen L
2. Issuer Name and Ticker or Trading Symbol
DOVER SADDLERY INC [DOVR]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
CEO, President & Treasurer

(Last)          (First)          (Middle)
525 GREAT RD
3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY)
12/31/2007

(Street)
LITTLETON, MA 01460
(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)

Amount (A) or (D) Price

Common Stock 519587 D

Table II - Derivative Securities Acquired, Disposed of, or 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
(MM/DD/YYYY) 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 at End of Issuer's Fiscal Year
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)

(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Incentive Stock Option $2.14       ⁽¹⁾ 12/30/2009 Common Stock 76937 76937 ⁽²⁾ D

Incentive Stock Option $10.00       12/30/2005 11/16/2015 Common Stock 3500 80437 ⁽³⁾ D

Incentive Stock Option $8.25       ⁽⁴⁾ 10/25/2011 Common Stock 15725 96162 ⁽⁵⁾ D

Non-Qualified Stock Option $7.50       ⁽⁴⁾ 10/25/2016 Common Stock 3500 3500 ⁽⁶⁾ D

Incentive Stock Option $4.95 11/14/2007 A4 15725       ⁽⁷⁾ 11/13/2012 Common Stock 15725 ⁽⁸⁾ 111887 ⁽⁹⁾ D

Non-Qualified Stock Option $4.50 11/14/2007 A4 3500       ⁽⁷⁾ 11/13/2017 Common Stock 3500 ⁽¹⁰⁾ 7000 ⁽¹¹⁾ D

Explanation of Responses:

( 1) Immediately.

( 2) Reflects total outstanding Incentive Stock Options held by this reporting person as of 12/31/2004.

( 3) Reflects total outstanding Incentive Stock Options held by this reporting person as of 12/31/2005.

( 4) Granted on 10/26/2006 and vest on anniversary date of grant at rate 20 % per year for five years.

( 5) Reflects total outstanding Incentive Stock Options held by this reporting person as of 12/31/2006. Together with Non-Qualified Stock Options the total stock options held by this reporting person equals 99,662 as of 12/31/2006.

( 6) Reflects total outstanding Non-Qualified Stock Options held by this reporting person as of 12/31/2006. Together with Incentive Stock Options the total stock options held by this reporting person equals 99,662 as of 12/31/2006.

( 7) Vest on anniversary date of grant at rate 20 % per year for five years.

( 8) When exercisable price will be $ 4.95.

( 9) Reflects total outstanding Incentive Stock Options held by this reporting person as of 12/31/2007. Together with Non-Qualified Stock Options the total stock options held by this reporting person equals 118,887 as of 12/31/2007.

( 10) When exercisable price will be $ 4.50.

( 11) Reflects total outstanding Non-Qualified Stock Options held by this reporting person as of 12/31/2007. Together with Incentive Stock Options the total stock options held by this reporting person equals 118,887 as of 12/31/2007.

Remarks:
All transactions reported on this Form 5 have been previously reported on Forms 3 and 4 in a timely manner.

Reporting Owners

Reporting Owner Name / Address Relationships

Director 10% Owner Officer Other

Day Stephen L
525 GREAT RD
LITTLETON, MA 01460 X X CEO, President & Treasurer

Signatures

Stephen L. Day 2/13/2008

^** 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).

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

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.

1. Name and Address of Reporting Person ^* Day Stephen L	2. Issuer Name and Ticker or Trading Symbol DOVER SADDLERY INC [DOVR]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director __ X __ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) CEO, President & Treasurer
(Last) (First) (Middle) 525 GREAT RD	3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY) 12/31/2007
(Street) LITTLETON, MA 01460 (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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock							519587	D

*Table II - Derivative Securities Acquired, Disposed of, or 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 (MM/DD/YYYY)		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 at End of Issuer's Fiscal Year (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Incentive Stock Option	$2.14						⁽¹⁾	12/30/2009	Common Stock	76937		76937 ⁽²⁾	D
Incentive Stock Option	$10.00						12/30/2005	11/16/2015	Common Stock	3500		80437 ⁽³⁾	D
Incentive Stock Option	$8.25						⁽⁴⁾	10/25/2011	Common Stock	15725		96162 ⁽⁵⁾	D
Non-Qualified Stock Option	$7.50						⁽⁴⁾	10/25/2016	Common Stock	3500		3500 ⁽⁶⁾	D
Incentive Stock Option	$4.95	11/14/2007		A4	15725		⁽⁷⁾	11/13/2012	Common Stock	15725	⁽⁸⁾	111887 ⁽⁹⁾	D
Non-Qualified Stock Option	$4.50	11/14/2007		A4	3500		⁽⁷⁾	11/13/2017	Common Stock	3500	⁽¹⁰⁾	7000 ⁽¹¹⁾	D

Explanation of Responses:
( 1)	Immediately.
( 2)	Reflects total outstanding Incentive Stock Options held by this reporting person as of 12/31/2004.
( 3)	Reflects total outstanding Incentive Stock Options held by this reporting person as of 12/31/2005.
( 4)	Granted on 10/26/2006 and vest on anniversary date of grant at rate 20 % per year for five years.
( 5)	Reflects total outstanding Incentive Stock Options held by this reporting person as of 12/31/2006. Together with Non-Qualified Stock Options the total stock options held by this reporting person equals 99,662 as of 12/31/2006.
( 6)	Reflects total outstanding Non-Qualified Stock Options held by this reporting person as of 12/31/2006. Together with Incentive Stock Options the total stock options held by this reporting person equals 99,662 as of 12/31/2006.
( 7)	Vest on anniversary date of grant at rate 20 % per year for five years.
( 8)	When exercisable price will be $ 4.95.
( 9)	Reflects total outstanding Incentive Stock Options held by this reporting person as of 12/31/2007. Together with Non-Qualified Stock Options the total stock options held by this reporting person equals 118,887 as of 12/31/2007.
( 10)	When exercisable price will be $ 4.50.
( 11)	Reflects total outstanding Non-Qualified Stock Options held by this reporting person as of 12/31/2007. Together with Incentive Stock Options the total stock options held by this reporting person equals 118,887 as of 12/31/2007.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Day Stephen L 525 GREAT RD LITTLETON, MA 01460	X	X	CEO, President & Treasurer

Signatures
Stephen L. Day		2/13/2008
^** 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).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.