FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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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1. Name and Address of Reporting Person * STONE LARRY D   2. Issuer Name and Ticker or Trading Symbol LOWES COMPANIES INC [LOW] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President & COO (Last) (First) (Middle) 1000 LOWE'S BOULEVARD 3. Date of Earliest Transaction (Month/Day/Year) 06/04/2007 (Street) MOORESVILLE, NC 28117 4. If Amendment, Date Original Filed(Month/Day/Year) 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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 06/04/2007   M   268,732 A $ 13.7525 502,456 (1) D   Common Stock 06/04/2007   S   15,000 D $ 32.74 487,456 D   Common Stock 06/04/2007   S   17,100 D $ 32.73 470,356 D   Common Stock 06/04/2007   S   6,500 D $ 32.72 463,856 D   Common Stock 06/04/2007   S   6,300 D $ 32.71 457,556 D   Common Stock 06/04/2007   S   6,600 D $ 32.705 450,956 D   Common Stock 06/04/2007   S   217,232 D $ 32.7 233,724 D   Common Stock               189,846.98 I By 401k Plan Common Stock               218,058 I by Trust

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-Qualified Stock Option (right to buy)

$ 13.7525

06/04/2007

M

268,732

(2)

03/02/2008

Common Stock

268,732

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
STONE LARRY D 1000 LOWE'S BOULEVARD MOORESVILLE, NC 28117			President & COO

Signatures

By: Sandra Felton For: Larry D. Stone		06/06/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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)	Includes 380 shares acquired under the Lowe's Employee Stock Purchase Plan.
(2)	92,000 of the 268,732 non-qualified stock options became exercisable on 3/1/02, 92,000 became exercisable on 3/1/03, and 84,732 became exercisable on 3/1/04.
Remarks: The information provided for the shares held by the 401k Plan in this report are based on a plan statement dated as of May 11, 2007.

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