Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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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1. Name and Address of Reporting Person *
NICHOLS JOHN F
 2. Issuer Name and Ticker or Trading Symbol
1 800 CONTACTS INC [CTAC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP Trade Relations
(Last)
(First)
(Middle)

66 E. WADSWORTH PARK DRIVE		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/30/2006
(Street)


DRAPER, UT 84020		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 12/13/2006   G 675 D $ 0 968,042 D  
Common Stock             2,231 I See footnote. (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options (Right to Buy) $ 6.28           02/16/2000 02/16/2009 Common Stock
10,500
  10,500
D
 
Options (Right to Buy) $ 14           02/17/2001 02/17/2010 Common Stock
8,100
  8,100
D
 
Options (Right to Buy) $ 34.938           02/02/2002 02/02/2011 Common Stock
4,000
  4,000
D
 
Options (Right to Buy) $ 11.76           01/26/2003 01/26/2012 Common Stock
3,200
  3,200
D
 
Options (Right to Buy) $ 27.5           02/20/2004(2) 02/20/2008 Common Stock
1,700
  1,700
D
 
Options (Right to Buy) $ 22           02/13/2005(3) 02/13/2009 Common Stock
1,700
  1,700
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
NICHOLS JOHN F
66 E. WADSWORTH PARK DRIVE
DRAPER, UT 84020		   X     VP Trade Relations  

Signatures

/s/ Matthew J. Harmer, Attorney in Fact 01/10/2007
**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) As custodian under UGMA for Micah Matthew Howard.
(2) Of these options, 1,275 are currently exercisable and 425 become exercisable on 2/19/2007.
(3) Of these options, 850 are currently exercisable, 425 become exercisable on 2/13/2007 and 425 become exercisable on 2/13/2008.
 
Remarks:
EXHIBIT LIST
Exhibit 24 - Power of Attorney

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