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Papa John's founder exercises stock options
May 21, 2007
LOUISVILLE, Ky. — Papa John's International Inc. founder John Schnatter exercised options for 210,000 shares of common stock, according to a filing with the Securities and Exchange Commission.
Schnatter reported May 18 he exercised options for $15.19 and $19.56 per share, and then sold all 210,000 shares on the same day for $31.65 per share.
Schnatter had previously sold 578,215 shares of Papa John's stock last week, according to another SEC filing.Schnatter sold 130,000 shares for $32.77 per share and 448,215 shares for $31.99 per share, according to the filing.
Schnatter still owns 5,739,315 shares of Papa John's stock directly and owns an additional 1,268,052 shares indirectly through a family partnership.
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