CATO CORP — Director's Dealing 2006

Jun 19, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CATO CORP (CTR)
CIK: 0000018255
Period of Report: 2006-06-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-06-15	CLASS A COMMON STOCK	M	4000	$5.5000	Acquired	4000	Direct
2006-06-15	CLASS A COMMON STOCK	S	4000	$22.8290	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-06-15	Stock Option (Right to Buy)	$5.50	M	4000	Disposed	2007-08-28	CLASS A COMMON STOCK (4000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$8.19	2009-11-01	CLASS A COMMON STOCK (30000)	30000	Direct

Footnotes

F1: This option will vest in 5 equal annual increments beginning 08/28/1998.

F2: This option will vest in 5 equal annual increments beginning 11/01/2000.