CATO CORP — Director's Dealing 2007

Jul 30, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CATO CORP (CTR)
CIK: 0000018255
Period of Report: 2007-07-27

Reporting Person: HOWE JOHN R (VP - ASST. CONTROL)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-27	CLASS A COMMON STOCK	M	1800	$5.50	Acquired	5548.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-27	Stock Option (Right to Buy)	$5.50	M	1800	Disposed	2007-08-28	CLASS A COMMON STOCK (1800.00)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$8.96	2008-08-11	CLASS A COMMON STOCK (7500.00)	7500.00	Direct
Stock Option (Right to Buy)	$8.83	2009-08-28	CLASS A COMMON STOCK (4500.00)	4500.00	Direct
Stock Option (Right to Buy)	$8.19	2009-11-01	CLASS A COMMON STOCK (4500.00)	4500.00	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 08/11/1999.

F3: This option will vest in 5 equal annual increments beginning 11/01/2000.