Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GALLITANO DAVID J
  2. Issuer Name and Ticker or Trading Symbol
WILD OATS MARKETS INC [OATS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
19 SOUTHGATE AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
08/28/2007
(Street)

ANNAPOLIS, MD 21401
4. If Amendment, Date 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
(City)
(State)
(Zip)
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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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
Restricted Stock Units $ 0 08/28/2007   D     43   (1) 12/29/2016 Common Stock 43 $ 0 0 D  
Restricted Stock Units $ 0 08/28/2007   D     238   (1) 01/06/2017 Common Stock 238 $ 0 0 D  
Restricted Stock Units $ 0 08/28/2007   D     243   (1) 01/11/2017 Common Stock 243 $ 0 0 D  
Restricted Stock Units $ 0 08/28/2007   D     150   (1) 02/07/2017 Common Stock 150 $ 0 0 D  
Restricted Stock Units $ 0 08/28/2007   D     225   (1) 02/08/2017 Common Stock 225 $ 0 0 D  
Restricted Stock Units $ 0 08/28/2007   D     226   (1) 02/10/2017 Common Stock 226 $ 0 0 D  
Restricted Stock Units $ 0 08/28/2007   D     149   (1) 02/15/2017 Common Stock 149 $ 0 0 D  
Restricted Stock Units $ 0 08/28/2007   D     171   (1) 02/16/2017 Common Stock 171 $ 0 0 D  
Restricted Stock Units $ 0 08/28/2007   D     85   (1) 02/16/2017 Common Stock 85 $ 0 0 D  
Restricted Stock Units $ 0 08/28/2007   D     21   (1) 02/16/2017 Common Stock 21 $ 0 0 D  
Option for Common Stock $ 6.27 08/28/2007   D     678   (2) 02/14/2013 Common Stock 678 $ 0 0 D  
Option for Common Stock $ 6.68 08/28/2007   D     636   (2) 02/25/2013 Common Stock 636 $ 0 0 D  
Option for Common Stock $ 8.29 08/28/2007   D     20,000   (2) 01/31/2013 Common Stock 20,000 $ 0 0 D  
Option for Common Stock $ 8.87 08/28/2007   D     1,918   (2) 10/29/2013 Common Stock 1,918 $ 0 0 D  
Option for Common Stock $ 8.93 08/28/2007   D     1,905   (2) 07/31/2013 Common Stock 1,905 $ 0 0 D  
Option for Common Stock $ 9.18 08/28/2007   D     1,852   (2) 05/06/2013 Common Stock 1,852 $ 0 0 D  
Option for Common Stock $ 9.44 08/28/2007   D     450   (2) 11/20/2013 Common Stock 450 $ 0 0 D  
Option for Common Stock $ 9.44 08/28/2007   D     450   (2) 11/20/2013 Common Stock 450 $ 0 0 D  
Option for Common Stock $ 9.44 08/28/2007   D     450   (2) 11/20/2013 Common Stock 450 $ 0 0 D  
Option for Common Stock $ 10.77 08/28/2007   D     395   (2) 03/05/2014 Common Stock 395 $ 0 0 D  
Option for Common Stock $ 10.8 08/28/2007   D     394   (2) 03/08/2014 Common Stock 394 $ 0 0 D  
Option for Common Stock $ 10.96 08/28/2007   D     10,000   (2) 06/23/2013 Common Stock 10,000 $ 0 0 D  
Option for Common Stock $ 11.02 08/28/2007   D     1,542   (2) 01/29/2014 Common Stock 1,542 $ 0 0 D  
Option for Common Stock $ 11.27 08/28/2007   D     377   (2) 02/24/2014 Common Stock 377 $ 0 0 D  
Option for Common Stock $ 11.9 08/28/2007   D     357   (2) 02/05/2014 Common Stock 357 $ 0 0 D  
Option for Common Stock $ 12.56 08/28/2007   D     338   (2) 02/20/2014 Common Stock 338 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GALLITANO DAVID J
19 SOUTHGATE AVENUE
ANNAPOLIS, MD 21401
  X      

Signatures

 /s/ Tony Engel, as Attorney-in-Fact for David J. Gallitano   08/30/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Pursuant to the Agreement and Plan of Merger, dated as of February 21, 2007 (the "Merger Agreement"), by and among the Issuer, Whole Foods Market, Inc. and WFMI Merger Co., each Restricted Stock Unit was converted automatically into the right to receive the per share offer price of $18.50, net to the seller in cash (the "Offer Price").
(2) Pursuant to the Merger Agreement, immediately prior to the Purchase Time (as defined in the Merger Agreement), each outstanding option to purchase shares of common stock of Issuer, whether or not then exercisable or vested, was cancelled in exchange for the right to receive an amount in cash in respect thereof equal to the product of (x) the excess, if any, of the Offer Price over the exercise price thereof and (y) the number of shares of common stock of Issuer subject thereto.
 
Remarks:
This is the third of three Forms filed by the reporting person on the same date.

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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