Edgar Filing: LOWES COMPANIES INC

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â CROOM MARSHALL A

2. Date of Event Requiring Statement (Month/Day/Year)
01/31/2009

3. Issuer Name and Ticker or Trading Symbol
LOWES COMPANIES INC [LOW]

(Last)

(First)

(Middle)

1000 LOWE'S BOULEVARD

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
SVP & Chief Risk Officer

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

MOORESVILLE,Â NCÂ 28117

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	75,744.2712	D	Â
Common Stock	6,884.13	I	By 401k Plan
Common Stock	839.902	I	By IRA

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Benefit Restoration Plan Stock Units	Â ⁽¹⁾	Â ⁽¹⁾	Common Stock	991.8337	$ ⁽¹⁾	D	Â
Incentive Stock Option (right to buy)	03/01/2005	03/01/2010	Common Stock	5,574	$ 19.65	D	Â
Incentive Stock Option (right to buy)	03/01/2004	03/01/2009	Common Stock	4,114	$ 21.995	D	Â
Non-Qualified Stock Option (right to buy)	03/01/2004	03/01/2010	Common Stock	4,894	$ 19.65	D	Â
Non-Qualified Stock Option (right to buy)	02/01/2005	02/01/2009	Common Stock	17,500	$ 22.85	D	Â
Non-Qualified Stock Option (right to buy)	08/01/2004	08/01/2010	Common Stock	44,480	$ 23.5	D	Â
Non-Qualified Stock Option (right to buy)	Â ⁽²⁾	03/01/2015	Common Stock	23,000	$ 23.97	D	Â
Non-Qualified Stock Option (right to buy)	03/01/2005	03/01/2011	Common Stock	21,150	$ 28.375	D	Â
Non-Qualified Stock Option (right to buy)	Â ⁽³⁾	03/01/2012	Common Stock	20,290	$ 29.175	D	Â
Non-Qualified Stock Option (right to buy)	Â ⁽⁴⁾	03/01/2014	Common Stock	14,000	$ 32.21	D	Â
Non-Qualified Stock Option (right to buy)	Â ⁽⁵⁾	03/01/2013	Common Stock	22,000	$ 34.16	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
CROOM MARSHALL A 1000 LOWE'S BOULEVARD MOORESVILLE,Â NCÂ 28117	Â	Â	Â SVP & Chief Risk Officer	Â

Signatures

By: Sandra Felton For: Marshall A. Croom		02/04/2009
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Each unit is the equivalent of one share of common stock. In accordance with the terms of the Benefit Restoration Plan, the value of the units becomes payable in cash following the reporting person's termination.
(2)	The option vests in three equal annual installments beginning on March 1, 2009.
(3)	The option vests in three equal annual installments beginning on March 1, 2006.
(4)	The option vests in three equal annual installments beginning on March 1, 2008.
(5)	The option vests in three equal annual installments beginning on March 1, 2007.

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