SEC FORM 4

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^*

JELINEK W CRAIG

(Last)

(First)

(Middle)

999 LAKE DRIVE

(Street)

ISSAQUAH

98017

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive VP

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2009

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/06/2009		M		50,000	A	$36.9063	153,664	D
Common Stock	02/06/2009		S		50,000	D	⁽¹⁾	103,664	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option	$36.9063	02/06/2009		M			50,000	02/09/1999	02/09/2009	Common Stock	50,000	$36.9063	50,000	D

Explanation of Responses:

1. Sold as follows: 2620 @ 44.0000 100 @ 44.0400 50 @ 44.0500 600 @ 44.0600 100 @ 44.0700 100 @ 44.0900 100 @ 44.0925 300 @ 44.1000 830 @ 44.1100 800 @ 44.1200 1800 @ 44.1300 200 @ 44.1400 900 @ 44.1500 461 @ 44.1600 5184 @ 44.1700 3839 @ 44.1800 3000 @ 44.1900 134 @ 44.2000 100 @ 44.2100 681 @ 44.2200 385 @ 44.2300 795 @ 44.2400 100 @ 44.2480 3205 @ 44.2500 100 @ 44.2556 1500 @ 44.2600 1100 @ 44.2700 2474 @ 44.2800 1326 @ 44.2900 1700 @ 44.3000 1000 @ 44.3200 300 @ 44.3300 400 @ 44.3400 66 @ 44.3600 100 @ 44.3800 100 @ 44.3900 50 @ 44.4000 1200 @ 44.4100 84 @ 44.4300 94 @ 44.4425 2306 @ 44.4500 2800 @ 44.5900 1700 @ 44.6700 400 @ 44.6900 500 @ 44.7300 2700 @ 44.7500 600 @ 44.7525 335 @ 44.8000 400 @ 44.8200 281 @ 44.8300

Remarks:

	Deanna K. Nakashima, attorney-in-fact	02/06/2009
	** 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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