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*
BURESH LARRY L

(Last) (First) (Middle)
C/O CSK AUTO
645 EAST MISSOURI AVE.

(Street)
PHOENIX AZ 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior Vice President - CIO
3. Date of Earliest Transaction (Month/Day/Year)
01/17/2008
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)
Code V Amount (A) or (D) Price
Common Stock 01/17/2008 P 10,000 A $4 54,210(1) D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $10.795 (2) 10/20/2014 Common Stock 56,202 56,202 D
Non-Qualified Stock Option (right to buy) $16.615 (3) 11/30/2013 Common Stock 30,247 30,247 D
Non-Qualified Stock Option (right to buy) $16.35 (4) 06/28/2012 Common Stock 27,555 27,555 D
Incentive Bonus Unit $20 (5) (5) Incentive Bonus Unit 187,500 187,500 D
Non-Qualified Stock Option (right to buy) $11 (6) 02/09/2009 Common Stock 1,250 1,250 D
Non-Qualified Stock Option (right to buy) $11 (6) 02/09/2009 Common Stock 25,000 25,000 D
Non-Qualified Stock Option (right to buy) $11 (6) 02/09/2009 Common Stock 17,000 17,000 D
Non-Qualified Stock Option (right to buy) $13.32 (6) 10/18/2011 Common Stock 38,141 38,141 D
Non-Qualified Stock Option (right to buy $9.87 (6) 05/05/2009 Common Stock 12,500 12,500 D
Explanation of Responses:
1. Includes 13,119 shares of Restricted Common Stock, which is subject to vesting.
2. 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.
3. 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.
4. On January 29, 2006, the Company accelerated the vesting of all stock options with an exercise price greater than $15.90 per share (i.e., all "underwater" options as of the close of market on January 27, 2006, the previous business day), which includes this option grant with an exercise price of $16.35. Sales of such shares by officers and employees may not occur until the original vesting dates, and sales of any such shares by officers and employees who terminate their employment with the Company (subject to certain exceptions in the case of retirement, death, disability and change of control) are disallowed for 3 years following the later of the date of their termination of employment and their exercise of the options. Accordingly, the option holder may only sell 1/3 of the original grant on or after 6/28/06, an additional 1/3 of the original grant on or after 6/28/07 and the remaining 1/3 of the original grant on or after 6/28/08.
5. 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, the formula described above resulted in no payment to the reporting person. Accordingly, on May 15, 2007, the reporting person forfeited 25% of his total incentive bonus units.
6. This option grant is fully vested.
Remarks:
Executed pursuant to the Limited Power of Attorney for Section 16 Reporting Obligations dated October 18, 2005, and on file with the SEC.
Larry L. Buresh By: /s/ James R. Todd Attorney In Fact 01/22/2008
** 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).
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