Update! Fred Meyer: Free $10 REI Giftcard wyb Adams Peanut Butter Rebate!

If your headed to Fred Meyer and need peanut butter make sure to look for the rebate form near the Adams peanut butter.

Buy 2 Adams Peanut Butter on sale $1.99 each (sale is listed in FM Extra Savings Book through 2/1)
Submit rebate before February 11th (must have original rebate form also seen at Safeway and reciept)
Receive a $10 REI giftcard by mail! You do not need to buy the peanut butter from Fred Meyer necessarily.

Has anyone seen this peanut butter for less than $1.99 before?

Thanks Frugal Living NW!