-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WeevRLO0SEDox7y6JY2OXElfo28ez+ezrZXWT/Rf1ZDthApCSZwfL4TRlDAr2lRR
 +Mnq81byZhgh/GE76OSpmg==

<SEC-DOCUMENT>0001144204-05-007256.txt : 20050310
<SEC-HEADER>0001144204-05-007256.hdr.sgml : 20050310
<ACCEPTANCE-DATETIME>20050310202155
ACCESSION NUMBER:		0001144204-05-007256
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050308
FILED AS OF DATE:		20050310
DATE AS OF CHANGE:		20050310

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PANTRY INC
		CENTRAL INDEX KEY:			0000915862
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				561574463
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		1801 DOUGLAS DR
		STREET 2:		PO BOX 1410
		CITY:			SANFORD
		STATE:			NC
		ZIP:			27330
		BUSINESS PHONE:		9197746700

	MAIL ADDRESS:	
		STREET 1:		1801 DOUGLAS DR
		STREET 2:		PO BOX 1410
		CITY:			SANFORD
		STATE:			NC
		ZIP:			27330

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FS HOLDINGS INC
		CENTRAL INDEX KEY:			0000916880

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25813
		FILM NUMBER:		05673755

	BUSINESS ADDRESS:	
		STREET 1:		11100 SANTA MONICA BLVD SUITE 1900
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025

	MAIL ADDRESS:	
		STREET 1:		11100 SANTA MONICA BLVD
		STREET 2:		SUITE 1900
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FS CAPITAL PARTNERS LP
		CENTRAL INDEX KEY:			0000916876

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25813
		FILM NUMBER:		05673756

	BUSINESS ADDRESS:	
		STREET 1:		11100 SANTA MONICA BLVD SUITE 1900
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FS EQUITY PARTNERS III LP
		CENTRAL INDEX KEY:			0000906706
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25813
		FILM NUMBER:		05673757

	BUSINESS ADDRESS:	
		STREET 1:		111000 SANTA MONICA BOULEVARD SUITE 1900
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025
		BUSINESS PHONE:		310-444-1822

	MAIL ADDRESS:	
		STREET 1:		11100 SANTA MONICA BLVD
		STREET 2:		SUITE 1900
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v014145_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-03-08</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000915862</issuerCik>
        <issuerName>PANTRY INC</issuerName>
        <issuerTradingSymbol>(PTRY)</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000906706</rptOwnerCik>
            <rptOwnerName>FS EQUITY PARTNERS III LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O FREEMAN SPOGLI &amp; CO.,</rptOwnerStreet1>
            <rptOwnerStreet2>11100 SANTA MONICA BOULEVARD SUITE 1900</rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000916876</rptOwnerCik>
            <rptOwnerName>FS CAPITAL PARTNERS LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>11100 SANTA MONICA BLVD SUITE 1900</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000916880</rptOwnerCik>
            <rptOwnerName>FS HOLDINGS INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>11100 SANTA MONICA BLVD SUITE 1900</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2005-03-08</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1402939</value>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>31.72</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1131728</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This Form 4 is being filed by more than one reporting person. FS Equity Partners III, L.P., a Delaware limited partnership
(the &quot;Partnership&quot;), is the record owner of the common stock listed above (the &quot;Common Stock&quot;). FS Capital Partners, L.P., a
California limited partnership (the &quot;General Partner&quot;), is the sole general partner of the Partnership. FS Holdings, Inc., a
California corporation (&quot;Holdings Corp.&quot;), is the sole general partner of the General Partner. Each of the General Partner
and Holdings Corp. disclaim beneficial ownership of the Common Stock except to the extent of their pecuniary interest
therein.</footnote>
        <footnote id="F2">On March 8, 2005 the Partnership entered into a purchase agreement with the Issuer and Merrill Lynch &amp; Co. (the
&quot;Underwriter&quot;) pursuant to which it agreed to sell 1,402,939 shares of Common Stock to the Underwriter. It is estimated
that the transaction will close on March 11, 2005.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ William M. Wardlaw, Secretary, on behalf of FS Holdings, Inc., as the sole general partner of FS Capital Partners, L.P., the sole general partner of FS Equity Partners III, L.P.</signatureName>
        <signatureDate>2005-03-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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