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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 U3AjqiUlzkHhLzH8WwQEADRcrwlL+lXd7FrQiJ/U6FEVOa3prFUp5UUfSy6Gn1aW
 TAJJKv3GxWFP98z5BMZaKw==

<SEC-DOCUMENT>0001182489-08-000539.txt : 20080523
<SEC-HEADER>0001182489-08-000539.hdr.sgml : 20080523
<ACCEPTANCE-DATETIME>20080523150644
ACCESSION NUMBER:		0001182489-08-000539
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080522
FILED AS OF DATE:		20080523
DATE AS OF CHANGE:		20080523

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CARMIKE CINEMAS INC
		CENTRAL INDEX KEY:			0000799088
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MOTION PICTURE THEATERS [7830]
		IRS NUMBER:				581469127
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1301 FIRST AVE
		CITY:			COLUMBUS
		STATE:			GA
		ZIP:			31901
		BUSINESS PHONE:		7065763400

	MAIL ADDRESS:	
		STREET 1:		P O BOX 391
		CITY:			COLUMBUS
		STATE:			GA
		ZIP:			31994

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Watershed Capital Partners, L.P.
		CENTRAL INDEX KEY:			0001315927
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14993
		FILM NUMBER:		08857996

	BUSINESS ADDRESS:	
		STREET 1:		ONE MARITIME PLAZA
		STREET 2:		SUITE 1525
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111
		BUSINESS PHONE:		(415) 391-8900

	MAIL ADDRESS:	
		STREET 1:		ONE MARITIME PLAZA
		STREET 2:		SUITE 1525
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Watershed Asset Management, L.L.C.
		CENTRAL INDEX KEY:			0001315926
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14993
		FILM NUMBER:		08857997

	BUSINESS ADDRESS:	
		STREET 1:		ONE MARITIME PLAZA
		STREET 2:		SUITE 1525
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111
		BUSINESS PHONE:		(415) 391-8900

	MAIL ADDRESS:	
		STREET 1:		ONE MARITIME PLAZA
		STREET 2:		SUITE 1525
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MOORE MERIDEE
		CENTRAL INDEX KEY:			0000906587

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14993
		FILM NUMBER:		08857998

	BUSINESS ADDRESS:	
		STREET 1:		800 THIRD AVE
		STREET 2:		40TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2124469390

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WS Partners, L.L.C.
		CENTRAL INDEX KEY:			0001315928
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14993
		FILM NUMBER:		08857999

	BUSINESS ADDRESS:	
		STREET 1:		ONE MARITIME PLAZA
		STREET 2:		SUITE 1525
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111
		BUSINESS PHONE:		(415) 391-8900

	MAIL ADDRESS:	
		STREET 1:		ONE MARITIME PLAZA
		STREET 2:		SUITE 1525
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Watershed Capital Institutional Partners, L.P.
		CENTRAL INDEX KEY:			0001315929
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14993
		FILM NUMBER:		08858000

	BUSINESS ADDRESS:	
		STREET 1:		ONE MARITIME PLAZA
		STREET 2:		SUITE 1525
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111
		BUSINESS PHONE:		(415) 391-8900

	MAIL ADDRESS:	
		STREET 1:		ONE MARITIME PLAZA
		STREET 2:		SUITE 1525
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-05-22</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000799088</issuerCik>
        <issuerName>CARMIKE CINEMAS INC</issuerName>
        <issuerTradingSymbol>CKEC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001315926</rptOwnerCik>
            <rptOwnerName>Watershed Asset Management, L.L.C.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ONE MARITIME PLAZA</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1525</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001315927</rptOwnerCik>
            <rptOwnerName>Watershed Capital Partners, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O WATERSHED ASSET MANAGEMENT L.L.C.</rptOwnerStreet1>
            <rptOwnerStreet2>ONE MARITIME PLAZA, SUITE 1525</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001315929</rptOwnerCik>
            <rptOwnerName>Watershed Capital Institutional Partners, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O WATERSHED ASSET MANAGEMENT L.L.C.</rptOwnerStreet1>
            <rptOwnerStreet2>ONE MARITIME PLAZA, SUITE 1525</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001315928</rptOwnerCik>
            <rptOwnerName>WS Partners, L.L.C.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O WATERSHED ASSET MANAGEMENT L.L.C.</rptOwnerStreet1>
            <rptOwnerStreet2>ONE MARITIME PLAZA, SUITE 1525</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000906587</rptOwnerCik>
            <rptOwnerName>MOORE MERIDEE</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O WATERSHED ASSET MANAGEMENT L.L.C.</rptOwnerStreet1>
            <rptOwnerStreet2>ONE MARITIME PLAZA, SUITE 1525</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes></footnotes>

    <remarks>Kevin D. Katari, a managing member of WS Partners, L.L.C. and Watershed Asset Management, L.L.C., two of the reporting persons on this Form 4, was, until May 22, 2008, a member of the Issuer's Board of Directors.  On May 22, 2008, Mr. Katari's term as director ended.  As of such date, Mr. Katari is no longer a member of the Board of Directors of the Issuer.  As a result of Mr. Katari no longer being a director, the reporting persons identified in this Form 4 may no longer be deemed to be directors by deputization with respect to the Issuer.  None of the reporting persons have effected any transactions in securities or derivative securities of the Issuer since the filing of its Form 3 with respect to the Issuer.</remarks>

    <ownerSignature>
        <signatureName>/s/ Meridee A. Moore, on her own behalf and as attorney-in-fact and/or authorized signatory for Watershed Asset Management, L.L.C., Watershed Capital Partners, L.P., Watershed Capital Institutional Partners, L.P. and WS Partners, L.L.C.</signatureName>
        <signatureDate>2008-05-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>.</signatureName>
        <signatureDate>2008-05-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>.</signatureName>
        <signatureDate>2008-05-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>.</signatureName>
        <signatureDate>2008-05-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>.</signatureName>
        <signatureDate>2008-05-22</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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