Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8–K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 26, 2005

 

 

SUPERVALU INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware   1–5418   41–0617000

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(IRS Employer

Identification No.)

 

11840 Valley View Road    
Eden Prairie, Minnesota   55344
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (952) 828-4000

 

 

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Item 8.01. Other Events

 

SUPERVALU INC. (the “Company”) is providing updated information relating to the Company’s outstanding common stock and options as of May 25, 2005. Options for 851,131 shares of common stock have been exercised during the period from February 26, 2005 to May 25, 2005. As a result, as of May 25, 2005, there were 135,879,851 shares of the Company’s common stock outstanding and 12,882,238 options to purchase the Company’s common stock outstanding.

 

The following table summarizes stock option information as of May 25, 2005.

 

     OPTIONS OUTSTANDING
    OPTIONS EXERCISABLE

Range of Exercise Prices

   

Number

of Options

    Weighted
Average
Remaining
Contractual Life
    Weighted
Average
Exercise
Price
    Number of
Options
    Weighted
Average
Exercise
Price

$12.25 to $15.61

    1,097,922    4.96    $ 14.69    973,322    $ 14.59

  15.69 to   15.90

    1,341,009    7.35      15.89    641,826      15.88

  16.08 to   22.25

    1,413,610    4.87      19.89    1,209,810      20.08

  22.44 to   27.51

    1,118,718    3.30      23.71    1,007,509      23.61

  27.52 to   29.21

    1,802,666    6.18      28.12    1,459,986      28.15

  29.29 to   29.90

    1,948,462    8.78      29.89    775,232      29.89

  29.96 to   34.46

    4,159,851    6.05      32.44    2,039,866      31.73
    
              
      

$12.25 to $34.46

    12,882,238    6.15    $ 26.08    8,107,551    $ 24.86

 

Option shares available for grant were 924,276 at May 25, 2005. The total number of shares remaining available for future issuance under the Company’s equity compensation plans, excluding shares issuable upon the exercise of outstanding options, warrants and rights as of May 25, 2005 was 1,628,920.

 

The Company will recommend to its Board of Directors for approval at the next regularly scheduled meeting thereof, that with respect to all future grants under its 2002 Stock Plan (the “Plan”), that the Plan be amended to eliminate the provision that currently allows for shares that are tendered in payment of the exercise price of stock options to be credited back to the number of shares available for grant under the Plan.

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    SUPERVALU INC.
          (Registrant)
Date: May 26, 2005        
    By:  

/s/ John P. Breedlove

        John P. Breedlove
        Associate General Counsel,
        Corporate Secretary
       

(Authorized Officer of Registrant)