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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	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* RAMIUS CAPITAL GROUP LLC (Last) (First) (Middle) 666 THIRD AVENUE, 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol PEP BOYS MANNY MOE & JACK [ PBY ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses
	3. Date of Earliest Transaction (Month/Day/Year) 03/30/2007
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $1.00 per Share								2,610,094	I	By affiliates of Ramius Capital(1)(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* RAMIUS CAPITAL GROUP LLC (Last) (First) (Middle) 666 THIRD AVENUE, 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* Admiral Advisors, LLC (Last) (First) (Middle) 666 THIRD AVENUE, 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* C4S & CO LLC (Last) (First) (Middle) 666 THIRD AVENUE, 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* Parche, LLC (Last) (First) (Middle) 666 THIRD AVENUE, 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* RAMIUS ADVISORS LLC (Last) (First) (Middle) 666 THIRD AVENUE, 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* RAMIUS FUND III LTD (Last) (First) (Middle) 666 THIRD AVENUE, 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* RCG Ambrose Master Fund, Ltd. (Last) (First) (Middle) 666 THIRD AVENUE, 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* RCG HALIFAX FUND LTD (Last) (First) (Middle) 666 THIRD AVENUE, 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* Starboard Value & Opportunity Fund, LLC (Last) (First) (Middle) 666 THIRD AVENUE, 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

Explanation of Responses:

1. Includes Shares directly owned by affiliates of Ramius Capital Group, L.L.C.

2. To enable all of the Reporting Persons to gain access to the SEC's electronic filing system, this report is the first of two being filed by the Reporting Persons relating to the same transactions.

Remarks:

As of March 30, 2007, the Reporting Persons ceased to be members of a Reporting Group with Barington Investments, L.P., and as such are no longer subject to the reporting requirements of Section 16 of the Securities Exchange Act of 1934, as amended.

	By: By: C4S & Co., L.L.C., as managing member; /s/ Jeffrey M. Solomon, authorized signatory	03/30/2007
	By: By: Ramius Capital Group, L.L.C., its sole member; by: C4S&Co., L.L.C., its managing member; by: /s/ Jeffrey M. Solomon, authorized signatory	03/30/2007
	By: By: /s/ Jeffrey M. Solomon, authorized signatory	03/30/2007
	By: By: Admiral Advisors, LLC, its managing member; By: Ramius Capital Group, L.L.C., its sole member; by: C4S&Co., L.L.C., its managing member; by: /s/ Jeffrey M. Solomon, authorized signatory	03/30/2007
	By: By: Ramius Capital Group, L.L.C., its managing member; by: C4S&Co., L.L.C., as managing member; by: /s/ Jeffrey M. Solomon, authorized signatory	03/30/2007
	By: By: Ramius Advisors, LLC, its investment manager; by: Ramius Capital Group, L.L.C., its managing member; by: C4S&Co., L.L.C., as managing member; by: /s/ Jeffrey M. Solomon, authorized signatory	03/30/2007
	By: By: Ramius Advisors, LLC, its investment manager; by: Ramius Capital Group, L.L.C., its managing member; by: C4S&Co., L.L.C., as managing member; by: /s/ Jeffrey M. Solomon, authorized signatory	03/30/2007
	By: By: Ramius Capital Group, L.L.C., its investment manager; by: C4S&Co., L.L.C., its managing member; by: /s/ Jeffrey M. Solomon, its managing member	03/30/2007
	By: By: Admiral Advisors, LLC, its investment manager; By: Ramius Capital Group, L.L.C., its sole member; by: C4S&Co., L.L.C., its managing member; by: /s/ Jeffrey M. Solomon, authorized signatory	03/30/2007
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.