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^*

JENKINS MAYNARD

(Last)

(First)

(Middle)

C/O CSK AUTO CORP

645 EAST MISSOURI AVE.

(Street)

PHOENIX

85012

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CSK AUTO CORP [ CAO ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
04/16/2007

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)
Common Stock								23,600⁽¹⁾	I	Trust

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)
Non-Qualified Stock Option (right to buy)	$14	04/16/2007		D⁽²⁾			36,000	⁽²⁾	01/21/2007	Common Stock	36,000	$0.00⁽³⁾	0	D
Non-Qualified Stock Option (right to buy)	$14	04/16/2007		A⁽²⁾		36,000		⁽²⁾	12/31/2007	Common Stock	36,000	$0.00⁽³⁾	36,000	D
Non-Qualified Stock Option (right to buy)	$11	04/16/2007		D⁽⁴⁾			216,635	⁽⁴⁾	02/09/2009	Common Stock	216,635	$0.00⁽³⁾	0	D
Non-Qualified Stock Option (right to buy)	$11	04/16/2007		A⁽⁴⁾		216,635		⁽⁴⁾	02/09/2009	Common Stock	216,635	$0.00⁽³⁾	216,635	D
Non-Qualified Stock Option (right to buy)	$11	04/16/2007		D⁽⁵⁾			72,000	⁽⁵⁾	02/09/2009	Common Stock	72,000	$0.00⁽³⁾	0	D
Non-Qualified Stock Option (right to buy)	$11	04/16/2007		A⁽⁵⁾		72,000		⁽⁵⁾	02/09/2009	Common Stock	72,000	$0.00⁽³⁾	72,000	D
Non-Qualified Stock Option (right to buy)	$9.87	04/16/2007		D⁽⁶⁾			50,000	⁽⁶⁾	05/05/2009	Common Stock	50,000	$0.00⁽³⁾	0	D
Non-Qualified Stock Option (right to buy	$9.87	04/16/2007		A⁽⁶⁾		50,000		⁽⁶⁾	05/05/2009	Common Stock	50,000	$0.00⁽³⁾	50,000	D
Non-Qualified Stock Option (right to buy)	$16.35							⁽⁷⁾	06/28/2012	Common Stock	183,673		183,673	D
Incentive Bonus Unit	$20							⁽⁸⁾	⁽⁸⁾	Incentive Bonus Unit	1,000,000		1,000,000	D
Non-Qualified Stock Option (right to buy)	$13.32							⁽⁹⁾	10/18/2011	Common Stock	242,424		242,424	D

Explanation of Responses:

1. Includes 21,100 shares held in the Maynard L. Jenkins & Audrey Jenkins Family Trust and 2,500 shares held in the Maynard L. Jenkins Jr. & Audrey Jenkins Family Trust.

2. The two reported transactions involve an amendment of an outstanding option grant, resulting in the deemed cancellation of the "old" options and the grant of replacement options. The purpose of this amendment is to extend the period of time within which the reporting person may exercise these options upon the termination of his employment with the Company by reason of retirement. Provided the reporting person retires having attained the age of 65, the affected stock options shall remain exercisable for, and shall expire (unless exercised), six months after such termination of employment, but in no event later than December 31, 2007. In the event of termination of reporting person 's employment for any other reason, the original terms of the option contract and/or the option plan document (as the case may be) pertaining to such options shall govern. The options were originally granted on December 21, 1999 and are fully vested.

3. $0.00 is used for technical reasons as there is no price for this derivative security until vested and/or exercised.

4. The two reported transactions involve an amendment of an outstanding option grant, resulting in the deemed cancellation of the "old" options and the grant of replacement options. The purpose of this amendment is to extend the period of time within which the reporting person may exercise these options upon the termination of his employment with the Company by reason of retirement. Provided the reporting person retires having attained the age of 65, the affected stock options shall remain exercisable for, and shall expire (unless exercised), six months after such termination of employment, but in no event later than December 31, 2007. In the event of termination of reporting person's employment for any other reason, the original terms of the option contract and/or the option plan document (as the case may be) pertaining to such options shall govern. The options were originally granted on March 17, 1998, repriced and regranted effective February 9, 2002 and are fully vested.

5. The two reported transactions involve an amendment of an outstanding option grant, resulting in the deemed cancellation of the "old" options and the grant of replacement options. The purpose of this amendment is to extend the period of time within which the reporting person may exercise these options upon the termination of his employment with the Company by reason of retirement. Provided the reporting person retires having attained the age of 65, the affected stock options shall remain exercisable for, and shall expire (unless exercised), six months after such termination of employment, but in no event later than December 31, 2007. In the event of termination of reporting person's employment for any other reason, the original terms of the option contract and/or the option plan document (as the case may be) pertaining to such options shall govern. The options were originally granted on March 18, 1999, repriced and regranted effective February 9, 2002 and are fully vested.

6. The two reported transactions involve an amendment of an outstanding option grant, resulting in the deemed cancellation of the "old" options and the grant of replacement options. The purpose of this amendment is to extend the period of time within which the reporting person may exercise these options upon the termination of his employment with the Company by reason of retirement. Provided the reporting person retires having attained the age of 65, the affected stock options shall remain exercisable for, and shall expire (unless exercised), six months after such termination of employment, but in no event later than December 31, 2007. In the event of termination of reporting person's employment for any other reason, the original terms of the option contract and/or the option plan document (as the case may be) pertaining to such options shall govern. The options were originally granted on April 5, 2002 and are fully vested.

7. On January 29, 2006, the Company accelerated the vesting of all stock option grants with an exercise price greater than $15.90 per share, which includes this option grant with an exercise price of $16.35. Subject to specific exceptions (e.g., retirement) as set forth in the governing stock plan, the vesting of the shares that were accelerated are subject to a sale restriction that prohibits the option holder from selling the shares until the original vesting dates. Accordingly, subject to the exceptions, the option holder may only sell up to 1/3 of the original grant on or after 6/28/06, up to 2/3 of the original grant on or after 6/28/07 and up to the full amount of the original grant on or after 6/28/08.

8. Subject to specific exceptions (e.g., retirement) as set forth in the governing incentive plan, the reporting person will be entitled to receive a distribution of cash on May 15 of each of the calendar years 2007, 2008, 2009 and 2010 (each date being a "Payment Date") equal in value to the amount by which the average of the per share closing prices of the Company's common stock over a specified period of time exceeds the base value of $20.00 (which is subject to adjustment in the event of a change in the Company's capitalization) multiplied by 25% of reporting person?s aggregate number of incentive bonus units, so long as reporting person remains continuously employed by the Company through the applicable Payment Date. In the event the formula described above results in no payment to the reporting person on a Payment Date, then the incentive bonus units vesting on such date will be forfeited without consideration.

9. Subject to specific exceptions (e.g., retirement) as set forth in the governing stock plan, this option grant becomes vested and exercisable at the rate of one-third on 10/18/2005, one-third on 10/18/2006, and one-third on 10/18/2007.

Remarks:

Form 4 executed pursuant to the Limited Power of Attorney for Section 16 Reporting Obligations dated October 14, 2005, and on file with the SEC.

	Maynard L. Jenkins by: /s/ James R. Todd Attorney In Fact	04/18/2007
	** 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).
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