-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 SbgkcTNoXS5nw4pgOYqxRIl2WgAF484m9oVVx7o+ABUdpn1kyLdpIUqv/zlUhszR
 Srb8442QH2DCpBOK4JPYOA==

<SEC-DOCUMENT>0000950142-08-000302.txt : 20080208
<SEC-HEADER>0000950142-08-000302.hdr.sgml : 20080208
<ACCEPTANCE-DATETIME>20080208180707
ACCESSION NUMBER:		0000950142-08-000302
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080204
FILED AS OF DATE:		20080208
DATE AS OF CHANGE:		20080208

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			COLLINS KEVIN P
		CENTRAL INDEX KEY:			0001227677

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08858
		FILM NUMBER:		08590648

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		713-757-5502

	MAIL ADDRESS:	
		STREET 1:		C/O KEY ENERGY SERVICES, INC.
		STREET 2:		1301 MCKINNEY STREET, SUITE 1800
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77010

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PENN TRAFFIC CO
		CENTRAL INDEX KEY:			0000077155
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-GROCERY STORES [5411]
		IRS NUMBER:				250716800
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	BUSINESS ADDRESS:	
		STREET 1:		1200 STATE FAIR BLVD
		CITY:			SYRACUSE
		STATE:			NY
		ZIP:			13221-4737
		BUSINESS PHONE:		(315) 453-7284

	MAIL ADDRESS:	
		STREET 1:		1200 STATE FAIR BLVD
		CITY:			SYRACUSE
		STATE:			NY
		ZIP:			13221-4737
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4_kcollins020408ex.xml
<DESCRIPTION>STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-02-04</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000077155</issuerCik>
        <issuerName>PENN TRAFFIC CO</issuerName>
        <issuerTradingSymbol>PTFC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001227677</rptOwnerCik>
            <rptOwnerName>COLLINS KEVIN P</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O THE PENN TRAFFIC COMPANY</rptOwnerStreet1>
            <rptOwnerStreet2>1200 STATE FAIR BOULEVARD</rptOwnerStreet2>
            <rptOwnerCity>SYRACUSE</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>13221</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Phantom Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-02-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3115</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>See footnote</value>
                    <footnoteId id="F3"/>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <footnoteId id="F3"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7652</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Each share of phantom stock entitles the holder to receive an amount in cash equal to the &quot;fair market value&quot; (as defined in
 The Penn Traffic Company (the &quot;Company&quot;) 2006 Omnibus Award Plan) of one share of common stock of the Company on the
 settlement date of such share of phantom stock.</footnote>
        <footnote id="F2">The earlier of (i) the business day following the date on which the reporting person ceases to be a member of the Company's
 Board of Directors, (ii) a &quot;change of control&quot; (as such term is defined in The Penn Traffic Company 2006 Omnibus Award Plan)
 or (iii) the death or disability of the reporting person.</footnote>
        <footnote id="F3">Not applicable.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Kevin P. Collins</signatureName>
        <signatureDate>2008-02-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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