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CATO CORP Director's Dealing 2007

Feb 14, 2007

34293_dirs_2007-02-14_8a9023b0-7b89-4a99-b749-a56487c403ab.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CATO CORP (CTR)
CIK: 0000018255
Period of Report: 2007-01-31

Reporting Person: CATO JOHN P D (Director, CHAIRMAN/PRESIDENT/CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-06-19 CLASS A COMMON STOCK J 4500 Disposed 205741 Direct
2006-06-19 CLASS B COMMON STOCK J 4500 Acquired 690525 Direct

Holdings (Non-Derivative)

Security Shares Ownership
CLASS A COMMON STOCK 9000 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (Right to Buy) $5.50 2007-08-28 CLASS B COMMON STOCK (450000) 450000 Direct
Stock Option (Right to Buy) $8.71 2008-02-29 CLASS B COMMON STOCK (300000) 300000 Direct
Stock Option (Right to Buy) $8.48 2009-05-20 CLASS B COMMON STOCK (150000) 150000 Direct
Stock Option (Right to Buy) $8.83 2009-08-26 CLASS B COMMON STOCK (150000) 150000 Direct
Stock Option (Right to Buy) $5.50 2007-08-28 CLASS B COMMON STOCK (3000) 3000 Indirect
Stock Option (Right to Buy) $8.19 2009-11-01 CLASS A COMMON STOCK (2250) 2250 Indirect

Footnotes

F1: 2,250 Class A Shares from John P.D. Cato were transferred to N Alexandre Cato Irrevocable Tr dtd 11/24/98 as 2,250 Class A Shares in a private transaction. 2,250 Class A Shares from John P.D. Cato were transferred to Wayland H Cato V Irrevocable Tr dtd 11/24/98 as 2,250 Class A Shares in a private transaction.

2,250 Class B Shares from N Alexandre Cato Irrevocable Tr dtd 11/24/98 were transferred to John P.D. Cato as 2,250 Class B Shares in a private transaction. 2,250 Class B Shares from Wayland H Cato V Irrevocable Tr dtd 11/24/98 were transferred to John P.D. Cato as 2,250 Class B Shares in a private transaction.

F2: This option will vest in 5 equal annual increments beginning 8/28/98.

F3: This option will vest in 5 equal annual increments beginning 2/26/99.

F4: This option will vest in 5 equal annual increments beginning 5/20/2000.

F5: This option will vest in 5 equal annual increments beginning 8/26/2000.

F6: This option will vest in 5 equal annual increments beginning 11/01/2000.