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CAO Csk Auto Corp

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Share Name Share Symbol Market Type
Csk Auto Corp NYSE:CAO NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Csk Auto Corp - Statement of Changes in Beneficial Ownership (4)

01/07/2008 8:31pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

BURESH LARRY L
2. Issuer Name and Ticker or Trading Symbol

CSK AUTO CORP [ CAO ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Senior Vice President - CIO
(Last)          (First)          (Middle)

C/O CSK AUTO, 645 EAST MISSOURI AVE.
3. Date of Earliest Transaction (MM/DD/YYYY)

6/28/2008
(Street)

PHOENIX, AZ 85012
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Code V Amount (A) or (D) Price
Common Stock   6/28/2008     F (1)    475   D $10.69   53735   (2) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy)   $10.795                     (3) 10/20/2014   Common Stock   56202     56202   D    
Non-Qualified Stock Option (right to buy)   $16.615                     (4) 11/30/2013   Common Stock   30247     30247   D    
Non-Qualified Stock Option (right to buy)   $16.35                     (5) 6/28/2012   Common Stock   27555     27555   D    
Incentive Bonus Unit   $20.00                     (6)   (6) Incentive Bonus Unit   125000     125000   D    
Non-Qualified Stock Option (right to buy)   $11.00                     (5) 2/9/2009   Common Stock   1250     1250   D    
Non-Qualified Stock Option (right to buy)   $11.00                     (5) 2/9/2009   Common Stock   25000     25000   D    
Non-Qualified Stock Option (right to buy)   $11.00                     (5) 2/9/2009   Common Stock   17000     17000   D    
Non-Qualified Stock Option (right to buy)   $13.32                     (5) 10/18/2011   Common Stock   38141     38141   D    
Non-Qualified Stock Option (right to buy   $9.87                     (5) 5/5/2009   Common Stock   12500     12500   D    

Explanation of Responses:
( 1)  Represents shares of restricted common stock granted June 28, 2005 (the "Grant Date") that were withheld by the Company solely for the purpose of satisfying tax obligations arising upon the vesting of a portion of the restricted common stock awarded on the Grant Date.
( 2)  Includes 11,599 shares of Restricted Common Stock, which is subject to vesting. Under certain circumstances as set forth in the governing agreements, all shares of Restricted Common Stock granted to reporting person may be subject to accelerated vesting.
( 3)  Subject to certain conditions, this option grant becomes vested and exercisable at a rate of one-third on 10/20/2008, one-third on 10/20/2009, and one-third on 10/20/2010. All unvested stock options under this grant immediately vest and become exercisable in the event of a change in control of the Company (as defined in the governing agreement).
( 4)  Subject to certain conditions, this option grant becomes vested and exercisable at a rate of one-third on 11/30/2007, one-third on 11/30/2008, and one-third on 11/30/2009. All unvested stock options under this grant immediately vest and become exercisable in the event of a change in control of the Company (as defined in the governing agreement).
( 5)  This option grant is fully vested.
( 6)  The reported incentive bonus units will become vested with respect to 25% of the total number of incentive bonus units granted on May 15 of each of the calendar years 2007, 2008, 2009 and 2010, and will entitle the reporting person to receive a distribution of cash equal in value to the amount by which the then value of the Company's common stock exceeds the base value of $20.00 (which is subject to adjustment in the event of a change in the Company's capitalization). In the event the formula decribed above results in no payment to the reporting person on a vesting date, then the incentive bonus units vesting on such date will be forfeited without consideration. On May 15, 2007 and on May 15, 2008, the formula described above resulted in no payment to the reporting person. Accordingly, the reporting person forfeited 25% of his total incentive bonus units on each of May 15, 2007 and May 15, 2008.

Remarks:
Executed pursuant to the Limited Power of Attorney for Section 16 Reporting Obligations dated October 18, 2005, and on file with the SEC.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BURESH LARRY L
C/O CSK AUTO
645 EAST MISSOURI AVE.
PHOENIX, AZ 85012


Senior Vice President - CIO

Signatures
Larry L. Buresh By: /s/ James R. Todd Attorney In Fact 7/1/2008
** 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 control number.

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