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 *
MULLINS SUZANNE
   2. Issuer Name and Ticker or Trading Symbol
SMART & FINAL INC/DE [SMF] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
S.V.P., St. Oper., S&FSC
(Last)
(First)
(Middle)
600 CITADEL DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
03/15/2006
(Street)

COMMERCE, CA 90040		 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
Common Stock, par value $.01 per share 03/15/2006   A   1,300 A $ 10.77 20,522 (9) D  
Common Stock, par value $.01 per share 03/15/2006   A   1,700 A $ 10.77 22,222 (9) D  
Common Stock, par value $01 per share 03/15/2006   A   1,000 A $ 10.77 23,222 (9) D  
Common Stock, par value $.01 per share 03/15/2006   A   1,000 A $ 10.77 24,222 (9) D  
Common Stock, par value $.01 per share 03/15/2006   A   1,000 A $ 10.77 25,222 (9) D  
Common Stock, par value $.01 per share 03/15/2006   A   300 A $ 10.77 25,522 (9) D  
Common Stock, par value $.01 per share 03/15/2006   S   1,300 D $ 15.18 24,222 (9) D  
Common Stock, par value $.01 per share 03/15/2006   S   1,700 D $ 15.19 22,522 (9) D  
Common Stock, par value $.01 per share 03/15/2006   S   1,000 D $ 15.17 21,522 (9) D  
Common Stock, par value $.01 per share 03/15/2006   S   1,000 D $ 15.2 20,522 (9) D  
Common Stock, par value $.01 per share 03/15/2006   S   1,000 D $ 15.21 19,522 (9) D  
Common Stock, par value $.01 per share 03/15/2006   S   300 D $ 15.24 19,222 (9) D  
Common Stock, par value $.01 per share               19,000 (2) I See Footnote #2

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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
Stock Options $ 6.5             09/16/2005(3) 09/16/2013 Common 15,000   15,000 D  
Stock Options $ 12.89             02/17/2006(1) 02/17/2014 Common 20,000   20,000 D  
Stock Options $ 9.25             05/04/2000(5) 05/04/2009 Common 25,800   25,800 D  
Stock Options $ 6.875             02/15/2002(6) 02/15/2010 Common 15,000   15,000 D  
Stock Options $ 10.132             09/27/2003(7) 09/27/2011 Common 17,500   17,500 D  
Stock Options $ 9.8             02/19/2004(12) 02/19/2012 Common 15,000   15,000 D  
Stock Options $ 4.28             02/19/2005(8) 02/19/2013 Common 20,000   20,000 D  
Stock Options $ 15.2             02/15/2007(10) 02/15/2015 Common 10,000   10,000 D  
Stock Appreciation Rights $ 14.39             02/21/2008(11) 02/21/2014 Common 3,250   3,250 D  
Stock Options $ 10.77 03/15/2006   M     1,300 06/18/1993(4) 06/18/2006 Common 1,300 $ 10.77 5,000 D  
Stock Options $ 10.77 03/15/2006   M     1,700 06/18/1993(4) 06/18/2006 Common 1,700 $ 10.77 3,300 D  
Stock Options $ 10.77 03/15/2006   M     1,000 06/18/1993(4) 06/18/2006 Common 1,000 $ 10.77 2,300 D  
Stock Options $ 10.77 03/15/2006   M     1,000 06/18/1993(4) 06/18/2006 Common 1,000 $ 10.77 1,300 D  
Stock Options $ 10.77 03/15/2006   M     1,000 06/18/1993(4) 06/18/2006 Common 1,000 $ 10.77 300 D  
Stock Options $ 10.77 03/15/2006   M     300 06/18/1993(4) 06/18/2006 Common 300 $ 10.77 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MULLINS SUZANNE
600 CITADEL DRIVE
COMMERCE, CA 90040		       S.V.P., St. Oper., S&FSC  

Signatures

 Suzanne Mullins   03/17/2006
**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) Previously reported options. 1/3 of the options became exercisable on February 17, 2006 and 1/3 of the options will become exercisable on February 17 in each of 2007 and 2008.
(2) Deferred smart shares held in the Company's Supplemental Deferred Compensation Plan.
(3) Previously reported options. 1/3 will became exercisable on 9/16/2005 and 1/3 will become exercisable on 9/16 in each of 2006 and 2007
(4) Previously reported fully vested options. The options originally were to expire on 06/18/2001 and were extended to 06/18/2006.
(5) Previously reported options. 1/5 of the options became exercisable on May 4 in each of 2000, 2001, 2002, 2003 and 2004.
(6) Previously reported options. 1/3 became exercisable on 2/15 in each of 2002, 2003, 2004.
(7) Previously reported options. 1/3 of the options became exercisable on 9/27/03 and 1/3 will become exercisable on 9/27 in each of 2004, 2005.
(8) Previously reported options. 1/3 of the options became exercisable on 2/19 in each of 2005 and 2006 and 1/3 of the options will become exercisable on 2/19/2007
(9) Includes 10,076 previously reported vested smart shares, 3,333 restricted smart shares granted 2/05 and 1,400 restricted smart shares granted 2/06
(10) Previously reported stock options. 1/3 of the options will become exercisable on February 15 in each of 2007, 2008, and 2009 at an exercise price of $15.20 per share.
(11) Previously reported stock apprication rights. 1/3 of the Stock Appreciation Rights will become exercisable on February 21 in each of 2008, 2009 and 2010.
(12) Previously reported options. 1/3 of the options became excercisable on 2/19 in each of 2004, 2005 and 2006

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