SEC FORM 3

SEC Form 3

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
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

NEUMANN SUSAN

(Last)

(First)

(Middle)

250 PARKCENTER BLVD PO BOX 20

(Street)

BOISE

83726

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/20/2003

3. Issuer Name and Ticker or Trading Symbol
ALBERTSONS INC /DE/ [ ABS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, Education, Comm. & P. A.

5. 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 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	1,410	D
Common Stock	1,667.357	I	ASRE⁽¹⁾
Common Stock	1,556.685	I	ASRE Held by Spouse⁽¹⁾

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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to buy)	⁽²⁾	02/24/2006	Common Stock	21,798	$37.65	D
Stock Option (Right to buy)	⁽³⁾	06/23/2009	Common Stock	7,815	$51.1875	D
Stock Option (Right to buy)	⁽⁴⁾	12/05/2009	Common Stock	9,837	$30.5	D
Stock Option (Right to buy)	⁽⁵⁾	12/05/2010	Common Stock	11,528	$21.6875	D
Stock Option (Right to buy)	⁽⁶⁾	12/02/2011	Common Stock	14,908	$33.54	D
Stock Option (Right to buy)	⁽⁷⁾	12/08/2012	Common Stock	9,000	$21.99	D
Stock Option (Right to buy)	⁽⁸⁾	12/05/2009	Common Stock	787	$30.5	I	Held by Spouse
Stock Option (Right to buy)	⁽⁹⁾	12/05/2010	Common Stock	923	$21.6875	I	Held by Spouse
Stock Option (Right to buy)	⁽¹⁰⁾	12/02/2011	Common Stock	492	$33.54	I	Held by Spouse
Deferrable Stock Units	⁽¹¹⁾	⁽¹¹⁾	Common Stock	3,721	$0	D
Deferrable Stock Units	⁽¹²⁾	⁽¹²⁾	Common Stock	8,229	$0	D

Explanation of Responses:

1. Shares held indirectly through Albertson's Savings and Retirement Estates, including shares acquired with funds contributed to this plan. The information in this report is as of 9/30/2003, the most recent plan statement date.

2. Option became exercisable 6/24/1999, due to American Stores merger.

3. Option becomes exercisable annually in 20% increments after being held for 1 year, 6/24/99 grant was originally 7,815 shares.

4. Option becomes exercisable annually in 20% increments after being held for 1 year, 12/6/99 grant was originally 9,837 shares.

5. Option becomes exercisable annually in 20% increments after being held for 1 year, 12/6/00 grant was originally 11,528 shares.

6. Option becomes exercisable annually in 20% increments after being held for 1 year, 12/3/01 grant was originally 14,908 shares.

7. Option becomes exercisable annually in 20% increments after being held for 1 year, 12/9/02 grant was originally 9,000 shares.

8. Option becomes exercisable annually in 20% increments after being held for 1 year, 12/6/99 grant was originally 787 shares.

9. Option becomes exercisable annually in 20% increments after being held for 1 year, 12/6/00 grant was originally 923 shares.

10. Option becomes exercisable annually in 20% increments after being held for 1 year, 12/3/01 grant was originally 492 shares.

11. Deferrable stock units with dividend equivalents paid in cash quarterly granted under the Albertson's, Inc. 1995 Amended and Restated Stock-Based Incentive Plan. Units will vest annually in 20% increments after being held for 1 year provided that the participant has been continuously employed as an officer of the Company from 12/09/02 through the applicable vesting date. The vested Units will not be distributed in Stock to the Participant until she retires or otherwise leaves the employment of the Company.

12. Deferrable stock units with dividend equivalents paid in cash quarterly granted under the Albertson's, Inc. 1995 Amended and Restated Stock-Based Incentive Plan. The units vest in 33%, 33% and 34% increments at the third, fourth and fifth anniversaries of the award date, respectively. The vested Units will not be distributed in Stock to the Participant until she retires or otherwise leaves the employment of the Company.

	Susan M. Neumann	11/26/2003
	** 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 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).
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