UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Karcher, Carl N
1200 N. Harbor Blvd.
Anaheim, CA 92801
Orange
2. Issuer Name and Ticker or Trading Symbol
CKE Restaurants, Inc.
CKR
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
July, 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |7/6/98|S | |10,000 |D |41.1813 | |I |by Karcher Foundation |
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Common Stock |7/7/98|S | |8,710 |D |42.3243 |10,000 |I |by Karcher Foundation |
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Common Stock |7/9/98|G | |4,632 |D | |2,146,843 |I |by Family Trust |
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Common Stock |7/8/98|M | |53,300 |A |8.1064 | |D | |
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Common Stock |7/8/98|S | |50,000 |D |41.00 | |D | |
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Common Stock |7/8/98|S | |1,000 |D |42.1250 | |D | |
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Common Stock |7/8/98|S | |2,300 |D |42.00 | |D | |
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Common Stock |7/9/98|M | |100,000 |A |8.1064 | |D | |
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Common Stock |7/9/98|S | |50,000 |D |42.00 | |D | |
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Common Stock |7/9/98|S | |50,000 |D |42.50 | |D | |
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Common Stock |7/10/9|M | |11,700 |A |8.1064 | |D | |
|8 | | | | | | | | |
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Common Stock |7/10/9|S | |2,600 |D |42.1875 | |D | |
|8 | | | | | | | | |
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Common Stock |7/10/9|S | |9,100 |D |42.00 | |D | |
|8 | | | | | | | | |
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Common Stock |7/10/9|M | |38,300 |A |8.9391 | |D | |
|8 | | | | | | | | |
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Common Stock |7/10/9|S | |38,300 |D |42.00 | |D | |
|8 | | | | | | | | |
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Common Stock |7/13/9|M | |33,200 |A |8.9391 | |D | |
|8 | | | | | | | | |
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Common Stock |7/13/9|S | |33,200 |D |42.75 | |D | |
|8 | | | | | | | | |
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Common Stock |7/13/9|M | |5,500 |A |17.8791 | |D | |
|8 | | | | | | | | |
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Common Stock |7/13/9|S | |5,500 |D |42.50 | |D | |
|8 | | | | | | | | |
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Common Stock |7/13/9|M | |3,667 |A |26.0227 | |D | |
|8 | | | | | | | | |
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Common Stock |7/13/9|S | |3,667 |D |42.50 | |D | |
|8 | | | | | | | | |
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Common Stock |7/16/9|J (1|V|70 |A |40.236 |3,218 |D |ESPP |
|8 |) | | | | | | | |
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Common Stock | | | | | | |3,752,157 (2) |I |by Cannae L/P |
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Common Stock | | | | | | |103 |I |by Spouse |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Options |8.1064 |7/8/9|M | |D |D | | |Common Stock|53,300 | | |D | |
| |8 | | | | | | | | | | | | |
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Stock Options |8.1064 |7/9/9|M | |D |D | | |Common Stock|100,000| | |D | |
| |8 | | | | | | | | | | | | |
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Stock Options |8.1064 |7/10/|M | |D |D | | |Common Stock|11,700 | | |D | |
| |98 | | | | | | | | | | | | |
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Stock Options |8.9391 |7/10/|M | |D |D | | |Common Stock|38,300 | | |D | |
| |98 | | | | | | | | | | | | |
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Stock Options |8.9391 |7/13/|M | |D |D | | |Common Stock|33,200 | | |D | |
| |98 | | | | | | | | | | | | |
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Stock Options |26.0227 |7/13/|M | |D |D | | |Common Stock|3,667 | | |D | |
| |98 | | | | | | | | | | | | |
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Stock Options |17.8791 |7/13/|M | |D |D | | |Common Stock|5,500 | |64,083 |D | |
| |98 | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Purchased pursuant to the CKE Restaurants, Inc. 1994 Employee Stock
Purchase Plan.
(2) Cannae Limited Partnership--Amended. Certain partners withdrew from the
partnership. Class A Partner
became a Class B Partner. Said shares have been reported by Cannae and are not
in addition to the reported
amount. Reporting Person's ownership is solely that of a limited partnership
interest.