CATO CORP — Director's Dealing 2006

Jun 23, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CATO CORP (CTR)
CIK: 0000018255
Period of Report: 2006-06-21

Reporting Person: SEVERSON HOWARD A (EVP-REAL EST/STORE DEV)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-06-21	CLASS A COMMON STOCK	M	10000	$8.1867	Acquired	10000	Direct
2006-06-21	CLASS A COMMON STOCK	S	10000	$23.8750	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-06-21	Stock Option (Right to Buy)	$8.19	M	10000	Disposed	2009-11-01	CLASS A COMMON STOCK (10000)	Direct

Footnotes

F1: This option will vest in 5 equal annual increments beginning 11/01/2000.