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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WLLyS7lEFvRv19wzC+rp5Li0JlbLKT62Nvf2QNDMFjpfXjDcJddOyZ0EsJHjX11E
 hWztxWV7f/P2VoLLGMldqA==

<SEC-DOCUMENT>0001225208-08-010128.txt : 20080609
<SEC-HEADER>0001225208-08-010128.hdr.sgml : 20080609
<ACCEPTANCE-DATETIME>20080609133034
ACCESSION NUMBER:		0001225208-08-010128
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080605
FILED AS OF DATE:		20080609
DATE AS OF CHANGE:		20080609

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAPA JOHNS INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000901491
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				611203323
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2002 PAPA JOHNS BOULEVARD
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40299-2334
		BUSINESS PHONE:		5022617272

	MAIL ADDRESS:	
		STREET 1:		P O BOX 99900
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40269-9990

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SCHNATTER CHARLES W
		CENTRAL INDEX KEY:			0000933446

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21660
		FILM NUMBER:		08887583

	MAIL ADDRESS:	
		STREET 1:		11492 BLUEGRASS PARKWAY
		STREET 2:		STE 175
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40299-2370
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-06-05</periodOfReport>

    <issuer>
        <issuerCik>0000901491</issuerCik>
        <issuerName>PAPA JOHNS INTERNATIONAL INC</issuerName>
        <issuerTradingSymbol>PZZA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000933446</rptOwnerCik>
            <rptOwnerName>SCHNATTER CHARLES W</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1></rptOwnerStreet1>
            <rptOwnerStreet2>2002 PAPA JOHN'S BOULEVARD</rptOwnerStreet2>
            <rptOwnerCity>LOUISVILLE</rptOwnerCity>
            <rptOwnerState>KY</rptOwnerState>
            <rptOwnerZipCode>40299</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>1</isOfficer>
            <officerTitle>Senior VP and CDO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Forward sale contract (obligation to sell)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-06-05</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F2"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>50000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2010-06-04</value>
            </exerciseDate>
            <expirationDate>
                <value>2010-06-04</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>50000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>50000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On June 5, 2008, the reporting person entered into a prepaid variable forward sale contract with an unaffiliated third party buyer.  Due to the character limitations on footnotes, please see Remarks below for complete text of footnote.</footnote>
        <footnote id="F2">Codes J and K apply.  Due to the character limitations on footnotes, please see Remarks below for remaining text of footnote.</footnote>
    </footnotes>

    <remarks>On June 5, 2008, the reporting person entered into a prepaid variable forward sale contract with an unaffiliated third party buyer.  The contract obligates the reporting person to deliver to the buyer up to 50,000 shares of Papa John's International, Inc. (&quot;PJI&quot;) common stock (or, at the reporting person's election, an equivalent amount of cash based on the market price of PJI common stock at that time) on the maturity date of the contract (June 4, 2010).  In exchange for assuming this obligation, the reporting person received a cash payment of $1,276,852.58 as of the date of entering into the contract.  The reporting person pledged 50,000 shares of PJI common stock (the &quot;Pledged Shares&quot;) to secure his obligations under the contract, and retained dividend and voting rights in the Pledged Shares during the term of the pledge.  The number of shares of PJI common stock to be delivered to the buyer on the maturity date is to be determined as follows: (a) if the closing price of P
JI common stock on the maturity date (the &quot;Settlement Price&quot;) is less than or equal to $29.4545 (the &quot;Floor Price&quot;), the reporting person will deliver to the buyer all of the Pledged Shares; (b) if the Settlement Price is between the Floor Price and $36.8181 (the &quot;Cap Price&quot;), the reporting person will deliver to the buyer a number of shares of PJI common stock equal to the product of (i) 50,000 shares and (ii) the quotient of the Floor Price and the Settlement Price; and (c) if the Settlement Price is greater than the Cap Price, the reporting person will deliver to the buyer a number of shares of PJI common stock equal to the product of (i) 50,000 shares and (ii) one minus the quotient of (x) the Cap Price less the Floor Price and (y) the Settlement Price.</remarks>

    <ownerSignature>
        <signatureName>Kenneth M. Cox, by power of attorney</signatureName>
        <signatureDate>2008-06-09</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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