UNITED STATES SEC USE ONLY
Washington, D.C. 20549
RULE 144
NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
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1(a) NAME OF ISSUER (Please type or print) (b) IRS IDENT. NO. (c) SEC FILE NO.
Freds Inc 62-0634010
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1(d) ADDRESS OF ISSUER STREET CITY STATE ZIP CODE (e)TELEPHONE NO.
4300 New Getwell Road (901) 238-2877
Memphis, TN 38118
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2(a) NAME OF PERSON FOR WHOSE ACCOUNT THE (b) RELATIONSHIP
SECURITIES ARE TO BE SOLD TO ISSUER
Sykes, Jimmy Officer
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(c) ADDRESS STREET CITY ZIP CODE
4300 New Getwell Road
Memphis, TN, 38118
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INSTRUCTION: The person filing this notice should contact the issuer to obtain
the I.R.S. Identification Number and the SEC File Number.
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SEC USE
3(a) (b) ONLY (c) (d) (e) (f) (g)
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Title of the Name and Address of Broker- Number of Aggregate Number of Shares Approximate Name of Each
Class of Each Broker Through Dealer Shares or Market or Other Units Date of Sale Securities
Securities Whome the Securities File Other Units Value Outstanding (See instr. 3(f)) Exchange
to be Sold are to be Offered Number to be Sold (See instr. (See instr. 3(e)) (MO. DAY YR.) (See instr. 3(g))
or Each Market (See instr. 3(d))
Maker who is 3(c))
Aquiring the
Securities
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Class A Merrill Lynch 894 12118 40032416 06/08/09 NASD
Common 101 Hudson
St.
Jersey City, NJ
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TABLE I - SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition of the
securities to be sold and with respect to the payment of all or any part of the
purchase price or other consideration therefor:
Name of Person
from Whom Acquired
Title of Date You Nature of (If gift, also give date Amount of Date of
the Class Acquired Acquisition Transaction donor acquired) Securities Acquired Payment Nature of Payment
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Class A 12/31/08 Fred's ESPP (Employee Fred's 8936608 12/31/08 cash
Common Stock Purchase Plan)
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TABLE II - SECURITIES SOLD DURING THE PAST 3 MONTHS
Furnish the following information as to all securities of the issuer sold during
the past 3 months by the person for whose account the securities are to be sold.
Amount of Gross
Name and Address of Seller Title of Securities Sold Date of Sale Securities Proceeds
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0 0
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REMARKS:
INSTRUCTIONS:
See the definition of "person" in paragraph (a) of Rule 144. Information is to
be given not only as to the person for whose account the securities are to be
sold but also as to sales by all persons whose sales are required by paragraph
(e) of Rule 144 to be aggregated with sales for the account of the person filing
this notice.
ATTENTION:
The person for whose account the securities to which this notice relates are to
sold hereby represents by signing this notice that he does not know any material
adverse information in regard to the current and prospective operations of the
Issuer of the securities to be sold which have not been publicly disclosed.
Fred's, Inc.
Date: 06/08/2009 /s/ Anita Ryan by power of attorney
Name: Anita Ryan by power of attorney
Title: Treasurer
The notice shall be signed by the person for whose account the securities are to
be sold. At least one copy of the notice shall be manually signed. Any copies
not manually signed shall bear typed or printed signatures.
ATTENTION: Intentional misstatements or omission of facts constitute Federal
Criminal Violations (See 18 U.S.C. 1001).