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KROGER CO — Director's Dealing 2008
Apr 16, 2008
30047_dirs_2008-04-16_d28d0f02-e714-4860-bbb2-fedf1f65de9d.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: 2008-04-15
Reporting Person: HELDMAN PAUL W (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-04-15 | Common Stock | M | 40000 | $22.2344 | Acquired | 274261.1854 | Direct |
| 2008-04-15 | Common Stock | S | 15088 | $23.96 | Disposed | 259173.1854 | Direct |
| 2008-04-15 | Common Stock | S | 1200 | $23.9625 | Disposed | 257973.1854 | Direct |
| 2008-04-15 | Common Stock | S | 1800 | $23.963 | Disposed | 256173.1854 | Direct |
| 2008-04-15 | Common Stock | S | 18400 | $23.965 | Disposed | 237773.1854 | Direct |
| 2008-04-15 | Common Stock | S | 1700 | $23.97 | Disposed | 236073.1854 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-04-15 | Non-Qualified Performance Stock Option | $22.2344 | M | 20000 | Disposed | 2008-04-16 | Common Stock (20000) | Direct |
| 2008-04-15 | Non-Qualified Stock Option | $22.2344 | M | 20000 | Disposed | 2008-04-16 | Common Stock (20000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 320 | Indirect |
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.