SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Form 3 Holdings Reported.
  
Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
WESSLING GREGORY J

(Last) (First) (Middle)
1000 LOWE'S BOULEVARD

(Street)
MOORESVILLE NC 28117

(City) (State) (Zip)
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)
SVP Store Operations
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
01/30/2004
4. If Amendment, Date of 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
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 at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock (401(k) Account) 01/30/2004 J 143(1) D (2) 95,712 D
Common Stock (BRP) 04/14/2003 J 1,238(3) A (4) 1,238 D
Common Stock (SOFE) 11/28/2003 J 295(5) A $35.92 2,668 D
Common Stock 131,911 D
Common Stock 2,656 I by Spouse
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (right to buy) $22.5 12/04/2001 12/03/2005 Common Stock 4,444 4,444 D
Incentive Stock Option (right to buy) $23.5625 02/01/2002 02/02/2007 Common Stock 8,488 8,488 D
Incentive Stock Option (right to buy) $27.505 03/01/2004 03/02/2008 Common Stock 3,634 3,634 D
Incentive Stock Option (right to buy) $39.3 03/01/2006 03/01/2010 Common Stock 2,544 2,544 D
Incentive Stock Option (right to buy) $43.99 03/01/2004 03/01/2009 Common Stock 2,274 2,274 D
Non-Qualified Stock Option (right to buy) $22.5 12/04/1999 12/03/2005 Common Stock 55,556 55,556 D
Non-Qualified Stock Option (right to buy) $23.5625 02/02/2001 02/02/2007 Common Stock 42,372 42,372 D
Non-Qualified Stock Option (right to buy) $27.505 03/01/2002 03/02/2008 Common Stock 43,026 43,026 D
Non-Qualified Stock Option (right to buy) $39.3 03/01/2004 03/01/2010 Common Stock 27,546 27,546 D
Non-Qualified Stock Option (right to buy) $43.99 03/01/2003 03/01/2009 Common Stock 21,756 21,756 D
Non-Qualified Stock Option (right to buy) $45.7 02/01/2005 02/01/2009 Common Stock 60,000 60,000 D
Explanation of Responses:
1. The Reporting Person's number of shares held in the Lowe's Companies, Inc. 401(k) Plan account decreased solely as a result of an increase in the fair market value of Lowe's common stock and not as a result of any action by the Reporting Person.
2. The Reporting Person's number of shares held in the Lowe's Companies, Inc. 401(k) Plan account decreased solely as a result of an increase in the fair market value of Lowe's common stock and not as a result of any action by the Reporting Person.
3. Shares acquired under Lowe's Benefit Restoration Plan (BRP).
4. Shares acquired under Lowe's Benefit Restoration Plan (BRP).
5. Shares acquired under the Lowe's Companies Employee Stock Purchase Plan-Stock Options for Everyone (SOFE).
/s/Gregory J. Wessling 02/23/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.