KROGER CO — Director's Dealing 2012

Mar 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KROGER CO (KR)
CIK: 0000056873
Period of Report: 2012-03-08

Reporting Person: Dougherty Kevin M (Group Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-08	Common Stock	M	9000	$22.995	Acquired	63452.8245	Direct
2012-03-08	Common Stock	M	10000	$14.925	Acquired	73452.8245	Direct
2012-03-08	Common Stock	S	19000	$24.20	Disposed	54452.8245	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-08	Non-Qualified Performance Stock Option	$22.995	M	4500	Disposed	2012-05-09	Common Stock (4500)	Direct
2012-03-08	Non-Qualified Stock Option	$22.995	M	4500	Disposed	2012-05-09	Common Stock (4500)	Direct
2012-03-08	Non-Qualified Stock Option	$14.925	M	10000	Disposed	2012-12-12	Common Stock (10000)	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 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.

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.