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 *
  Izganics Joseph
2. Date of Event Requiring Statement (Month/Day/Year)
04/30/2007
3. Issuer Name and Ticker or Trading Symbol
HOME DEPOT INC [HD]
(Last)
(First)
(Middle)
2455 PACES FERRY ROAD
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President - Southern Division
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ATLANTA, GA 30339
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)
$.05 Common Stock 89,858.4899 (1)
D
 

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
Employee Stock Options   (2) 02/26/2008 Common Stock 3,511 $ 21.29 D  
Employee Stock Options   (2) 02/11/2009 Common Stock 1,978 $ 37.91 D  
Employee Stock Options   (2) 02/11/2009 Common Stock 7,500 $ 37.91 D  
Employee Stock Options   (2) 02/11/2009 Common Stock 659 $ 37.91 D  
Employee Stock Options   (2) 08/08/2009 Common Stock 22,500 $ 37.29 D  
Employee Stock Options   (2) 02/24/2010 Common Stock 1,886 $ 53 D  
Employee Stock Options   (2) 02/24/2010 Common Stock 6,000 $ 53 D  
Employee Stock Options   (2) 11/15/2010 Common Stock 10,000 $ 39.18 D  
Employee Stock Options   (2) 02/21/2011 Common Stock 50,000 $ 40 D  
Employee Stock Options   (2) 09/17/2011 Common Stock 25,000 $ 36.69 D  
Employee Stock Options   (2) 04/28/2012 Common Stock 70,000 $ 46.96 D  
Employee Stock Options   (3) 03/18/2013 Common Stock 18,375 $ 24.55 D  
Employee Stock Options   (4) 03/16/2014 Common Stock 27,500 $ 36.5 D  
Employee Stock Options   (5) 03/22/2015 Common Stock 12,550 $ 37.7 D  
Employee Stock Options   (6) 03/20/2017 Common Stock 18,750 $ 38.74 D  
Restoration Plan Stock Units   (7)   (7) Common Stock 2,244.707 $ (7) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Izganics Joseph
2455 PACES FERRY ROAD
ATLANTA, GA 30339
      President - Southern Division  

Signatures

/s/ Joseph Izganics 05/07/2007
**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) Includes 2,080.4899 shares held under Employee Stock Purchase Plan.
(2) The options have vested in their entirety and are fully exercisable.
(3) The stock options were issued under The Home Depot, Inc. 1997 Omnibus Stock Incentive Plan. 12,250 options are currently exercisable and 6,125 options become exercisable on 03/19/2008.
(4) The stock options were issued under The Home Depot, Inc. 1997 Omnibus Stock Incentive Plan. 13,750 of the options are currently exercisable and 6,875 options become exercisable on 03/17/2008 and 03/17/2009.
(5) The stock options were issued under The Home Depot, Inc. 1997 Omnibus Stock Incentive Plan. 3,137 of the options are currently exercisable and 3,138 options become exercisable on 03/23/2008, 3,137 options become exercisable on 03/23/2009 and 3,138 options become exercisable on 03/23/2010.
(6) The stock options were issued under The Home Depot, Inc. 2005 Omnibus Stock Incentive Plan and vest in 25% increments beginning year two of the grant date.
(7) The restoration plan stock units were acquired under The Home Depot FutureBuilder Restoration Plan and convert to shares of common stock on a one-for-one basis upon a distribution event under the terms of the Plan.

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