SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ELLIS LARRY LEE

(Last)

(First)

(Middle)

C/O CSK AUTO CORP

645 EAST MISSOURI AVE.

(Street)

PHOENIX

85012

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CSK AUTO CORP [ CAO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
01/03/2008

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								9,933⁽¹⁾	D
Common Stock	01/03/2008		P		20	A	$4.8099	7,561	I	By trust⁽²⁾
Common Stock	01/03/2008		P		100	A	$4.805	7,661	I	By trust⁽²⁾
Common Stock	01/03/2008		P		200	A	$4.81	7,861	I	By trust⁽²⁾
Common Stock	01/03/2008		P		100	A	$4.82	7,961	I	By trust⁽²⁾
Common Stock	01/03/2008		P		300	A	$4.84	8,261	I	By trust⁽²⁾
Common Stock	01/03/2008		P		600	A	$4.85	8,861	I	By trust⁽²⁾
Common Stock	01/03/2008		P		420	A	$4.86	9,281	I	By trust⁽²⁾
Common Stock	01/03/2008		P		260	A	$4.853	9,541	I	By trust⁽²⁾

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option	$10.795							⁽³⁾	10/20/2014	Common Stock	42,627		42,627	D
Non-Qualified Stock Option	$16.615							⁽⁴⁾	11/30/2013	Common Stock	22,914		22,914	D
Non-Qualified Stock Option	$16.35							⁽⁵⁾	06/28/2012	Common Stock	20,643		20,643	D
Non-Qualified Stock Option	$11							⁽⁶⁾	02/09/2009	Common Stock	2,800		2,800	D
Non-Qualified Stock Option	$13.32							⁽⁶⁾	10/18/2011	Common Stock	28,432		28,432	D
Non-Qualified Stock Option	$9.87							⁽⁶⁾	05/05/2009	Common Stock	5,000		5,000	D
Incentive Bonus Unit	$20							⁽⁷⁾	⁽⁷⁾	Incentive Bonus Unit	187,500		187,500	D

Explanation of Responses:

1. Includes 9,933 shares of Restricted Common Stock, which is subject to vesting.

2. Held in a trust for benefit of reporting person and spouse.

3. Subject to certain conditions, this option grant becomes vested and exercisable at a rate of one-third on 10/20/2008, one-third on 10/20/2009, and one-third on 10/20/2010.

4. Subject to certain conditions, this option grant becomes vested and exercisable at the rate of one-third on 11/30/2007, one-third on 11/30/2008, and one-third on 11/30/2009.

5. On January 29, 2006, the Company accelerated the vesting of all stock options with an exercise price greater than $15.90 per share (i.e., all "underwater" options as of the close of market on January 27, 2006, the previous business day), which includes this option grant with an exercise price of $16.35. Sales of such shares by officers and employees may not occur until the original vesting dates, and sales of any such shares by officers and employees who terminate their employment with the Company (subject to certain exceptions in the case of retirement, death, disability and change of control) are disallowed for 3 years following the later of the date of their termination of employment and their exercise of the options. Accordingly, the option holder may only sell 1/3 of the original grant on or after 6/28/06, an additional 1/3 of the original grant on or after 6/28/07 and the remaining 1/3 of the original grant on or after 6/28/08.

6. This option grant is fully vested.

7. The reported incentive bonus units will become vested with respect to 25% of the total number of incentive bonus units granted on May 15 of each of the calendar years 2007, 2008, 2009 and 2010, and will entitle the reporting person to receive a distribution of cash equal in value to the amount by which the average of the per share closing prices of the Company's common stock over a specified period of time exceeds the base value of $20.00 (which is subject to adjustment in the event of a change in the Company's capitalization). In the event the formula decribed above results in no payment to the reporting person on a vesting date, then the incentive bonus units vesting on such date will be forfeited without consideration. On May 15, 2007, the formula described above resulted in no payment to the reporting person. Accordingly, on May 15, 2007, the reporting person forfeited 25% of his total incentive bonus units.

Remarks:

Executed pursuant to the Limited Power of Attorney for Section 16 Reporting Obligations dated October 17, 2005.

	Larry Lee Ellis By: /s/ James R. Todd Attorney in Fact	01/04/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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