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EFTA01382378

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Amendment No. 3 to Form S-1 Ittbk of Contents Related Transactions. Percentage of shares beneficially owned after the offering assumes exercise of underwriters' option to purchase additional shares in full. (2) All the issued and outstanding common stock of Albertsons Companies, Inc. is held by Albertsons Investor, Management Holdco and Kimco. Accordingly, shareholdings of directors and named executive officers reflected in the table above reflect indirect ownership in Albertsons Companies, Inc. held through interests in Albertsons Investor and Management Holdco. Profits interests in AB Acquisition totaling 5.1% of the outstanding equity of AB Acquisition on a fully participating basis will convert into direct and indirect ownership of our shares based on our equity valuation after taking account the proceeds to be received by us in this offering. Assuming the assumed initial public offering price of $24.50 per share (the midpoint of the price range set forth on the cover page of this prospectus) and all shares offered by us in this offering are sold, (i) profits interests in AB Acquisition would convert into equity of Albertsons Investor with an indirect ownership of 19,382,213 shares and into 450,749 shares owned by Kimco, for a total direct and indirect ownership of 19,832,962 shares upon completion of this offering and (ii) Phantom units of AB Acquisition would convert into 10,711,903 restricted units of Albertsons Companies, Inc., or ownership of 10,711,903 shares, or 2.3% of our outstanding common stock upon the completion of this offering. An initial public offering price of $26.00, which is the high point of the estimated offering range set forth on the cover page of this prospectus, would increase the total number of shares outstanding and owned by Albertsons Investor and Kimco upon completion of this offering by 300,493 shares. An initial public offering price of $23.00, which is the low point of the estimated offering range set forth on

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