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 *
  Reeves Michael L
 2. Date of Event Requiring Statement (Month/Day/Year)
08/19/2011		 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, Dep Gen Cnsl, Asst Secy
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

MOORESVILLE, NC 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 14,185.1237
D
 
Common Stock 325
I
by Daughter
Common Stock 1,121.8265
I
by IRA
Common Stock 1,127.8632
I
by IRA-Spouse
Common Stock 325
I
by Son

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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy)   (1) 03/01/2016 Common Stock 4,113 $ 15.84 D  
Non-Qualified Stock Option (right to buy) 03/01/2011 03/01/2015 Common Stock 7,410 $ 23.97 D  
Non-Qualified Stock Option (right to buy)   (2) 03/01/2017 Common Stock 13,670 $ 23.98 D  
Non-Qualified Stock Option (right to buy)   (3) 03/01/2018 Common Stock 11,000 $ 25.5 D  
Non-Qualified Stock Option (right to buy) 03/01/2008 03/01/2012 Common Stock 1,140 $ 29.175 D  
Non-Qualified Stock Option (right to buy) 03/01/2010 03/01/2014 Common Stock 4,830 $ 32.21 D  
Non-Qualified Stock Option (right to buy) 03/01/2009 03/01/2013 Common Stock 3,160 $ 34.16 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Reeves Michael L
1000 LOWE'S BOULEVARD
MOORESVILLE, NC 28117		       SVP, Dep Gen Cnsl, Asst Secy  

Signatures

By: Sandra Felton For: Michael L. Reeves 08/25/2011
**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) The option vests in three annual installments beginning on March 1, 2010.
(2) The option vests in three annual installments beginning on March 1, 2011.
(3) The option vests in three annual installments beginning on March 1, 2012.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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