KROGER CO — Director's Dealing 2007

Feb 28, 2007

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: KROGER CO (KR)
CIK: 0000056873
Period of Report: 2007-02-03

Reporting Person: Flora Jon C (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-07	Common Stock	S	2000	$19.99	Disposed	52234.6805	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Performance Stock Option	$22.2344	2008-04-16	Common Stock (9000)	9000	Direct
Non-Qualified Performance Stock Option	$27.1719	2009-05-27	Common Stock (9000)	9000	Direct
Non-Qualified Performance Stock Option	$16.5938	2010-02-11	Common Stock (6000)	6000	Direct
Non-Qualified Performance Stock Option	$22.995	2012-05-09	Common Stock (10000)	10000	Direct
Non-Qualified Performance Stock Option	$24.43	2011-05-10	Common Stock (10000)	10000	Direct
Non-Qualified Stock Option	$22.995	2012-05-09	Common Stock (20000)	20000	Direct
Non-Qualified Stock Option	$14.925	2012-12-12	Common Stock (60000)	60000	Direct
Non-Qualified Stock Option	$17.31	2014-05-06	Common Stock (30000)	30000	Direct
Non-Qualified Stock Option	$18.095	2014-06-24	Common Stock (10000)	10000	Direct
Non-Qualified Stock Option	$16.385	2015-05-05	Common Stock (40000)	40000	Direct
Non-Qualified Stock Option	$19.94	2016-05-04	Common Stock (20000)	20000	Direct
Non-Qualified Stock Option	$24.94	2010-12-07	Common Stock (10000)	10000	Direct
Non-Qualified Stock Option	$24.43	2011-05-10	Common Stock (10000)	10000	Direct
Non-Qualified Stock Option	$16.5938	2010-02-11	Common Stock (6000)	6000	Direct
Non-Qualified Stock Option	$27.1719	2009-05-27	Common Stock (9000)	9000	Direct
Non-Qualified Stock Option	$13.44	2007-05-15	Common Stock (2400)	2400	Direct
Non-Qualified Stock Option	$21.0625	2008-02-20	Common Stock (4000)	4000	Direct

Footnotes

F1: The reporting person's sale of 2,000 shares on 4/7/2006 was inadvertently not reported on a prior Form 4.

F2: Between January 29, 2006 and February 3, 2007, the reporting person acquired 472.9329 shares of Kroger common stock 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.

F3: 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.

F4: 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.

F5: 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 75% appreciation from the option price. Thereafter, the options vest only if the Company's stock price has achieved a minimum 15% appreciation per annum from the date of grant or 252% appreciation, whichever is less. The options vest nine years and six months after grant, if not sooner vested.

F6: These options will vest during the first four years from the date of the grant only if the Company's stock price has achieved an 81% appreciation from the option price. Thereafter, the options vest only if the Company's stock price has achieved a minimum 16% appreciation per annum from the date of grant or 280% appreciation, whichever is less. The options vest nine years and six months after grant, if not sooner vested.

F7: 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 55% appreciation from the option price. Thereafter, the options vest only if the Company's stock price has achieved a minimum 13% appreciation per annum from the date of grant or 185% appreciation, whichever is less. The options vest nine years and six months after grant, if not sooner vested.

F8: 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 78% appreciation from the option price. Thereafter, the options vest only if the Company's stock price has achieved a minimum 15% appreciation per annum from the date of grant or 208% appreciation, whichever is less. The options vest nine years and six months after grant, if not sooner vested.

F9: 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.