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Papa John's founder continues to divest

September 3, 2007

LOUISVILLE, Ky. — Papa John's founder John Schnatter sold about $8.5 million in company stock last week, according to filings with the Securities and Exchange Commission.
 
Earlier this year, Schnatter sold about 1.5 million shares of Papa John's International Inc., banking about $45 million.
 
Schnatter still owns about 5 million shares of Papa John's stock, or about 17 percent of the company's outstanding stock.
 
Read also, Papa John's founder exercises stock options.

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