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 *
SHIELDS JOHN A
  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)
2749 LANDON ROAD
3. Date of Earliest Transaction (Month/Day/Year)
08/28/2007
(Street)

SHAKER HEIGHTS, OH 44122
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
Option for Common Stock $ 9.14 08/28/2007   D     310   (1) 05/05/2010 Common Stock 310 $ 0 0 D  
Option for Common Stock $ 9.14 08/28/2007   D     310   (1) 05/05/2010 Common Stock 310 $ 0 0 D  
Option for Common Stock $ 9.18 08/28/2007   D     1,852   (1) 05/06/2013 Common Stock 1,852 $ 0 0 D  
Option for Common Stock $ 9.214 08/28/2007   D     3,075   (1) 04/30/2013 Common Stock 3,075 $ 0 0 D  
Option for Common Stock $ 9.2302 08/28/2007   D     1,842   (1) 05/01/2012 Common Stock 1,842 $ 0 0 D  
Option for Common Stock $ 9.2302 08/28/2007   D     36,836   (1) 05/01/2012 Common Stock 36,836 $ 0 0 D  
Option for Common Stock $ 9.2905 08/28/2007   D     3,050   (1) 09/30/2013 Common Stock 3,050 $ 0 0 D  
Option for Common Stock $ 9.33 08/28/2007   D     607   (1) 04/30/2012 Common Stock 607 $ 0 0 D  
Option for Common Stock $ 9.35 08/28/2007   D/K     3,030   (1) 06/30/2013 Common Stock 3,030 $ 0 0 D  
Option for Common Stock $ 9.5022 08/28/2007   D     1,789   (1) 07/31/2012 Common Stock 1,789 $ 0 0 D  
Option for Common Stock $ 9.5022 08/28/2007   D     2,982   (1) 07/31/2012 Common Stock 2,982 $ 0 0 D  
Option for Common Stock $ 9.51 08/28/2007   D     298   (1) 09/12/2010 Common Stock 298 $ 0 0 D  
Option for Common Stock $ 9.55 08/28/2007   D     2,966   (1) 08/30/2012 Common Stock 2,966 $ 0 0 D  
Option for Common Stock $ 9.5889 08/28/2007   D     2,955   (1) 10/31/2012 Common Stock 2,955 $ 0 0 D  
Option for Common Stock $ 9.6475 08/28/2007   D     2,937   (1) 11/28/2013 Common Stock 2,937 $ 0 0 D  
Option for Common Stock $ 9.83 08/28/2007   D     288   (1) 09/28/2010 Common Stock 288 $ 0 0 D  
Option for Common Stock $ 10.04 08/28/2007   D     1,695   (1) 05/04/2010 Common Stock 1,695 $ 0 0 D  
Option for Common Stock $ 10.04 08/28/2007   D     2,825   (1) 05/04/2010 Common Stock 2,825 $ 0 0 D  
Option for Common Stock $ 10.04 08/28/2007   D     3,000   (1) 05/04/2010 Common Stock 3,000 $ 0 0 D  
Option for Common Stock $ 10.04 08/28/2007   D     282   (1) 07/25/2010 Common Stock 282 $ 0 0 D  
Option for Common Stock $ 10.04 08/28/2007   D     282   (1) 07/25/2010 Common Stock 282 $ 0 0 D  
Option for Common Stock $ 10.0555 08/28/2007   D     2,818   (1) 03/31/2014 Common Stock 2,818 $ 0 0 D  
Option for Common Stock $ 10.098 08/28/2007   D     2,806   (1) 08/29/2013 Common Stock 2,806 $ 0 0 D  
Option for Common Stock $ 10.285 08/28/2007   D     413   (1) 10/22/2012 Common Stock 413 $ 0 0 D  
Option for Common Stock $ 10.4125 08/28/2007   D     408   (1) 08/27/2012 Common Stock 408 $ 0 0 D  
Option for Common Stock $ 10.625 08/28/2007   D     1,600   (1) 10/30/2012 Common Stock 1,600 $ 0 0 D  
Option for Common Stock $ 10.63 08/28/2007   D     267   (1) 06/30/2010 Common Stock 267 $ 0 0 D  
Option for Common Stock $ 10.7695 08/28/2007   D     395   (1) 03/05/2014 Common Stock 395 $ 0 0 D  
Option for Common Stock $ 10.795 08/28/2007   D     2,625   (1) 02/27/2014 Common Stock 2,625 $ 0 0 D  
Option for Common Stock $ 10.795 08/28/2007   D     394   (1) 03/08/2014 Common Stock 394 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SHIELDS JOHN A
2749 LANDON ROAD
SHAKER HEIGHTS, OH 44122
  X      

Signatures

 /s/ Tony Engel, as Attorney-in-Fact for John A. Shields   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 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 four 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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