SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person* TRAFELET & CO LLC (Last) (First) (Middle) 153 EAST 53RD 51ST FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 07/06/2004	3. Issuer Name and Ticker or Trading Symbol DENNYS CORP [ DNYY ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	5,968,400(1)	I	By Delta Institutional, LP
Common Stock	1,127,800(2)	I	By Delta Onshore, LP
Common Stock	6,405,115(3)	I	By Delta Offshore, Ltd.
Common Stock	1,075,000(4)	I	By Delta Pleiades, LP

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* TRAFELET & CO LLC (Last) (First) (Middle) 153 EAST 53RD 51ST FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* DELTA OFFSHORE LTD (Last) (First) (Middle) INTERNATIONAL FUND ADMINISTRATION LTD 48 SUITE 464 (Street) BERMUDA D0 00000 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* TRAFELET REMY W (Last) (First) (Middle) C/O TRAFELET & COMPANY, LLC 909 THIRD AVENUE, 5TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* DELTA INSTITUTIONAL LP (Last) (First) (Middle) 153 EAST 53RD STREET 51ST FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* DELTA ONSHORE, LP (Last) (First) (Middle) C/O TRAFELET & COMPANY, LLC 909 THIRD AVENUE, 5TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* DELTA PLEIADES, LP (Last) (First) (Middle) C/O TRAFELET & COMPANY, LLC 909 THIRD AVENUE, 5TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. These securities may be deemed to be beneficially owned by Trafelet & Company, LLC ("Trafelet"), the management company of Delta Institutional, LP, and Mr. Remy W. Trafelet, the managing member of Trafelet. Each such reporting person and the joint filers disclaim beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that the reporting person or any joint filer is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or for any other purpose.

2. These securities may be deemed to be beneficially owned by Trafelet, the management company of Delta Onshore, LP, and Mr. Remy W. Trafelet. Each such reporting person and the joint filers disclaim beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that the reporting person or any joint filer is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or for any other purpose.

3. These securities may be deemed to be beneficially owned by Trafelet, the investment manager of Delta Offshore, Ltd., and Mr. Remy W. Trafelet. Each such reporting person and the joint filers disclaim beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that the reporting person or any joint filer is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or for any other purpose.

4. These securities may be deemed to be beneficially owned by Trafelet, the management company of Delta Pleiades, LP, and Mr. Remy W. Trafelet. Each such reporting person and the joint filers disclaim beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that the reporting person or any joint filer is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or for any other purpose.

	Trafelet & Company, LLC, By: /s/ Remy W. Trafelet, Managing Member	07/19/2004
	By: /s/ Remy W. Trafelet	07/19/2004
	Delta Institutional, LP By: Trafelet & Company Advisors, LLC, General Partner, By: /s/ Remy W. Trafelet, Managing Member of the General Partner	07/19/2004
	Delta Onshore, LP By: Trafelet & Company Advisors, LLC, General Partner, By: /s/ Remy W. Trafelet, Managing Member of the General Partner	07/19/2004
	Delta Offshore, Ltd. By: Trafelet & Company, LLC, Investment Manager, By: /s/ Remy W. Trafelet, Managing Member of the Investment Manager	07/19/2004
	Delta Pleiades, LP By: Trafelet & Company Advisors, LLC, General Partner By: /s/ Remy W. Trafelet, Managing Member	07/19/2004
	** 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 5 (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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