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
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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).
1. Name and Address of Reporting Person*
DICKSON THOMAS W
(Last) (First) (Middle)
301 SOUTH TRYON STREET
SUITE 1800
(Street)
CHARLOTTE NC 28202
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RUDDICK CORP [ RDK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman, President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
05/08/2007
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 05/08/2007 M 6,330 A $15.825 244,286 D
Common Stock 05/08/2007 F 3,207 D $31.23 241,079 D
Common Stock 10,676 I By Custodian Acct(1)
Common Stock 114 I By Rrsp(2)
Common Stock 10,749 I By Esop Trust(3)
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
Incentive Stock Option (Right to Buy) $15.825 05/08/2007 M 6,330 11/14/2003 11/14/2008 Common Stock 6,330 $0 0 D
Incentive Stock Option (Right to Buy) $16.88 11/19/2007(4) 11/19/2010 Common Stock 8,367 8,367 D
Incentive Stock Option (Right to Buy) $14.385 11/20/2007(5) 11/20/2009 Common Stock 3,000 3,000 D
Non-qualified Stock Option (Right to Buy) $17.4063 11/17/2000 11/17/2009 Common Stock 1,004 1,004 D
Non-qualified Stock Option (Right to Buy) $16.88 11/19/2004(6) 11/19/2013 Common Stock 16,633 16,633 D
Non-qualified Stock Option (Right to Buy) $14.385 11/20/2003(7) 11/20/2012 Common Stock 12,000 12,000 D
Non-qualified Stock Option (Right to Buy) $15.825 11/14/2002(8) 11/14/2011 Common Stock 24,278 24,278 D
Explanation of Responses:
1. The securities indicating indirect beneficial ownership "by Custodian Acct" are held in a custodian account for each of the Reporting Person's sons, William Thomas Dickson and Michael Alan Dickson, of which the Reporting Person is custodian.
2. The securities indicating indirect beneficial ownership "by RRSP" include 1 additional shares acquired in exempt transactions under the Ruddick Retirement & Savings Plan since the Reporting Person's last report.
3. The securities indicating indirect beneficial ownership "by ESOP Trust" include 39 additional shares acquired in exempt transactions under the ESOP since the Reporting Person's last report.
4. The Incentive Stock Options indicating a Date Exercisable of 11/19/07 become exercisable as follows: 3,367 shares as of 11/19/07 and 5,000 shares as of 11/19/08.
5. Incentive Stock Options (ISO) with Exercisable Date of 11/20/07 are exercisable as follows: 3,000 shares on 11/20/07.
6. The Non-Qualified Stock Options indicating a Date Exercisable of 11/19/04 become exercisable as follows: 5,000 shares annually for each of the 3 years commencing with 11/19/04 and 1,633 shares as of 11/19/07.
7. Non-Qualified Stock Option (NQSO) with Exercisable Date of 11/20/03 are exercisable as follows: 3,000 shares annually for 4 years starting 11/20/03.
8. NQSO with Exercisable Date of 11/14/02 are exercisable as follows: 8,000 shares on 11/14/02, 6,749 shares on 11/14/03, 4,859 shares on 11/14/04, 2,989 shares on 11/14/05, and 1,681 shares on 11/14/06.
/s/ Douglas J. Yacenda , attorney-in-fact for Thomas W. Dickson 05/10/2007
** 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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