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KROGER CO — Director's Dealing 2007
Mar 27, 2007
30047_dirs_2007-03-27_3948b18b-95f8-4420-a94d-4d7dda2d1b12.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KROGER CO (KR)
CIK: 0000056873
Period of Report: 2007-03-26
Reporting Person: MCMULLEN W RODNEY (Director, Vice Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-03-26 | Common Stock | M | 25000 | $13.4375 | Acquired | 453320.0414 | Direct |
| 2007-03-26 | Common Stock | M | 25000 | $13.44 | Acquired | 478320.0414 | Direct |
| 2007-03-26 | Common Stock | S | 100 | $28.58 | Disposed | 478220.0414 | Direct |
| 2007-03-26 | Common Stock | S | 4900 | $28.59 | Disposed | 473320.0414 | Direct |
| 2007-03-26 | Common Stock | S | 40400 | $28.60 | Disposed | 432920.0414 | Direct |
| 2007-03-26 | Common Stock | S | 2600 | $28.61 | Disposed | 430320.0414 | Direct |
| 2007-03-26 | Common Stock | S | 2000 | $28.62 | Disposed | 428320.0414 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-03-26 | Non-Qualified Performance Stock Option | $13.4375 | M | 25000 | Disposed | 2007-05-15 | Common Stock (25000) | Direct |
| 2007-03-26 | Non-Qualified Stock Option | $13.44 | M | 25000 | Disposed | 2007-05-15 | Common Stock (25000) | Direct |
Footnotes
F1: The total amount of securities directly owned by the reporting person includes shares in the Company's employee benefit plans that are deemed to be 'tax-conditioned plans' pursuant to Rule 16b-3, to the extent disclosed on reports received from plan trustees.
F2: These options will vest during the first four years from the date of the grant only if the Company's stock price has achieved a 63% appreciation from the option price. Thereafter, the options vest only if the Company's stock price has achieved a minimum of 13% appreciation per annum from the date of grant or 200% appreciation, whichever is less. The options vest nine years and six months after grant, if not sooner vested.
F3: These options were granted under a long-term incentive plan of The Kroger Co. and vest in equal annual installments in whole amounts over a five-year period, at the rate of 20% per year commencing one year from the date of the grant.