REX AMERICAN RESOURCES Corp — Director's Dealing 2007

May 16, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: REX STORES CORP (RSC)
CIK: 0000744187
Period of Report: 2007-05-15

Reporting Person: KRESS EDWARD M (Director, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-15	Common Stock $.01 par value	M	21685	$4.61	Acquired	63280	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-15	Non-employee director stock option right to buy	$4.61	M	21685	Disposed	2007-06-06	Common stock $.01 par value (21685)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $.01 par value	4775	Indirect

Footnotes

F1: As Trustee in Trust for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed as an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F2: Options granted 6/6/97 and became exercisable in 20% increments on each of the first five anniversaries of the grant.