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^*

Champion Lee

(Last)

(First)

(Middle)

C/O CARMIKE CINEMAS INC

P O BOX 391

(Street)

COLUMBUS

31902

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CARMIKE CINEMAS INC [ CKEC ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, General Counsel & Sec

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2010

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	03/03/2010		A		4,500⁽¹⁾	A	$0.00	14,539⁽²⁾	D

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)
Employee Stock Option	$10.92⁽³⁾	03/03/2010		A		12,500		⁽⁴⁾	03/03/2020	Common Stock	12,500	$10.92	87,500⁽⁵⁾	D

Explanation of Responses:

1. Restricted stock issued under the Carmike Cinemas, Inc. 2004 Incentive Stock Plan. If Reporting Person remains an employee, shares will fully vest on March 3, 2013. Shares that do not vest will be forfeited.

2. Includes 10,000 shares of restricted stock (previously reported) granted under the Carmike Cinemas, Inc. 2004 Incentive Stock Plan which will fully vest on April 13, 2010 if Reporting Person remains an employee on such date.

3. Closing price on March 3, 2010.

4. The option becomes exercisable if Reporting Person remains continuously employed as follows: 4,166 shares on March 3, 2011, 4,166 shares on March 3, 2012 and 4,168 shares on March 3, 2013.

5. Includes options to purchase (previously reported) as follows: 40,000 shares that will become exercisable, if at all, in three increments, 13,333, 13,333 and 13,334 respectively, when the average daily closing price of the Company's common stock on the Nasdaq exchange during any 20 consecutive trading day period exceeds $32.44, $33.74 and $35.03, respectively. 35,000 shares that will vest as follows: 11,667 on July 6, 2010, 11,667 on July 6, 2011 and 11,666 on July 6, 2012 if Reporting Person remains an employee on such dates.

Remarks:

	s/Lee Champion	03/05/2010
	** 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.
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