SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* GALANTI RICHARD A (Last) (First) (Middle) 999 LAKE DRIVE (Street) ISSAQUAH WA 98027 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol COSTCO WHOLESALE CORP /NEW [ COST ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) Executive VP and CFO
	3. Date of Earliest Transaction (Month/Day/Year) 10/12/2011
	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 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	10/12/2011		M		15,000	A	$39.25	82,512	D
Common Stock	10/12/2011		S		15,000	D	(1)	67,512	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$39.25	10/12/2011		M			15,000	04/02/2002	04/02/2012	Common Stock	15,000	$39.25	0	D

Explanation of Responses:

1. Shares sold as follows: 800 @ 81.490 71 @ 81.500 400 @ 81.510 200 @ 81.520 100 @ 81.530 29 @ 81.560 700 @ 81.590 700 @ 81.600 100 @ 81.610 300 @ 81.640 400 @ 81.650 100 @ 81.660 1200 @ 81.680 400 @ 81.690 800 @ 81.800 200 @ 81.810 200 @ 81.820 400 @ 81.890 400 @ 81.900 400 @ 81.920 372 @ 81.930 1600 @ 81.940 527 @ 81.950 1427 @ 81.960 1 @ 81.965 73 @ 81.980 1400 @ 81.990 200 @ 82.000 200 @ 82.010 100 @ 82.020 200 @ 82.030 291 @ 82.040 600 @ 82.050 100 @ 82.055 9 @ 82.060

Remarks:

	Deanna K. Nakashima, attorney-in-fact	10/13/2011
	** 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.
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