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^*

FOLEY WILLIAM P II

(Last)

(First)

(Middle)

601 RIVERSIDE AVENUE

(Street)

JACKSONVILLE

32204

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CKE RESTAURANTS INC [ CKR ]

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/19/2005

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)

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)
Stock Option (right to buy)	$5.984	07/19/2005		D			147,300	05/13/1999	05/13/2009	Common Stock	147,300	$10.0153⁽¹⁾	0⁽²⁾	D
Stock Option (right to buy)	$2.929	07/19/2005		D			73,650	01/05/2000	01/05/2010	Common Stock	73,650	$12.4519⁽¹⁾	0⁽²⁾	D
Stock Option (right to buy)	$2.037	07/19/2005		D			104,337	10/25/2001	10/25/2010	Common Stock	104,337	$13.2367⁽¹⁾	0⁽²⁾	D
Stock Option (right to buy)	$3.87	07/19/2005		D			49,100	10/31/2001	10/31/2011	Common Stock	49,100	$12.0144⁽¹⁾	0⁽²⁾	D
Stock Option (right to buy)	$8.1265	07/19/2005		D			272,250	01/10/1997	01/10/2006	Common Stock	272,250	$6.9628⁽¹⁾	0⁽²⁾	D
Stock Option (right to buy)	$16.2537	07/19/2005		D			226,875	11/14/1997	11/14/2006	Common Stock	226,875	$2.5695⁽¹⁾	0⁽²⁾	D
Stock Option (right to buy)	$23.657	07/19/2005		D			242,000	06/18/1998	06/18/2007	Common Stock	242,000	$1.438⁽¹⁾	0⁽²⁾	D
Stock Option (right to buy)	$18.125	07/19/2005		D			200,000	03/24/2000	03/24/2009	Common Stock	200,000	$4.2235⁽¹⁾	0⁽²⁾	D
Stock Option (right to buy)	$14.5	07/19/2005		D			179,312	04/09/1999	04/09/2009	Common Stock	179,312	$5.4407⁽¹⁾	0⁽²⁾	D
Stock Option (right to buy)	$14.5	07/19/2005		D			20,688	04/09/1999	04/09/2009	Common Stock	20,688	$5.5112⁽¹⁾	0⁽²⁾	D
Stock Option (right to buy)	$11.1	07/19/2005		D			100,000	06/18/2003	06/18/2012	Common Stock	100,000	$8.5165⁽¹⁾	0⁽²⁾	D
Stock Option (right to buy)	$5.75	07/19/2005		D			50,000	06/10/2004	06/10/2013	Common Stock	50,000	$11.2231⁽¹⁾	0⁽²⁾	D
Stock Option (right to buy)	$11.26	07/19/2005		D			50,000	06/14/2005	06/14/2014	Common Stock	50,000	$9.26⁽¹⁾	0⁽²⁾	D

Explanation of Responses:

1. This option was canceled by mutual agreement of the reporting person and CKE Restaurants, Inc. The reporting person received a total of $11,000,000 as consideration for the cancellation of all of his stock options.

2. Reporting person also beneficially owns non-derivative securities comprised of 757,265 shares directly, 96,011 shares indirectly through Bognor Regis and 207,398 shares indirectly through Folco Development Corporation.

Remarks:

	Hilary Burkemper, as Attorney-In-Fact for William P. Foley, II	07/21/2005
	** 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.