Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  John Willis
2. Date of Event Requiring Statement (Month/Day/Year)
09/25/2006
3. Issuer Name and Ticker or Trading Symbol
SMART & FINAL INC/DE [SMF]
(Last)
(First)
(Middle)
600 CITADEL DRIVE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

COMMERCE, CA 90040
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $.01 per share 18,800 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock options 09/27/2003(2) 09/27/2011 Common 12,500 $ 10.132 D  
Stock options 02/19/2004(3) 02/19/2012 Common 10,000 $ 9.8 D  
Stock options 02/19/2005(4) 02/19/2013 Common 15,000 $ 4.28 D  
Stock options 09/16/2005(5) 09/16/2013 Common 12,000 $ 6.5 D  
Stock options 11/30/2005(6) 02/17/2014 Common 10,000 $ 12.89 D  
Stock options 11/30/2005(7) 02/15/2015 Common 6,000 $ 15.2 D  
Stock Appreciation Rights 02/21/2008(8) 02/21/2014 Common 8,500 $ 14.39 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
John Willis
600 CITADEL DRIVE
COMMERCE, CA 90040
      Senior Vice President  

Signatures

John Willis 10/02/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) 9,800 vested smart shares and 9000 unvested smart shares
(2) Grant to reporting person under the Company's Long Term Equity Compensation Plan. 1/3 of the options became exercisable on September 27 in each of 2003, 2004 and 2005.
(3) Grant to reporting person under the Company's Long Term Equity Compensation Plan. 1/3 of the options became exercisable on February 19 in each of 2004, 2005 and 2006.
(4) Grant to reporting person under the Company's Long Term Equity Compensation Plan. 1/3 of the options become exercisable on February 19 in each of 2005, 2006 and 1/3 of the options will become exercisable on February 19, 2007.
(5) Grant to reporting person under the Company's Long Term Equity Compensation Plan. 1/3 of the options became exercisable on September 16 in each of 2005 and 2006. 1/3 of the options will become exercisable on September 16, 2007.
(6) Grant to reporting person under the Company's Long Term Equity Compensation Plan. All options vested on November 30, 2005.
(7) Grant to reporting person under the Company's Long Term Equity Compensation Plan. All options vest November 30, 2005.
(8) Grant to reporting person under the Company's Long Term Equity Compensation Plan. 1/3 of the Stock Appreciation Rights will become exercisable on February 21 in each of 2008, 2009 and 2010.

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