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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* PARTHENON INVESTORS L P (Last) (First) (Middle) 75 STATE STREET, 26TH FLOOR (Street) BOSTON MA 02109 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol KENEXA CORP [ KNXA ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 09/29/2006
	4. 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 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	09/29/2006		S		34,356	D	$27.01	2,071,958	I	By Parthenon Investors, L.P.(1)
Common Stock	09/29/2006		S		644	D	$27.01	50,643	I	By PCIP Investors(2)

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

1. Name and Address of Reporting Person* PARTHENON INVESTORS L P (Last) (First) (Middle) 75 STATE STREET, 26TH FLOOR (Street) BOSTON MA 02109 (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* Parthenon Investment Advisors, LLC (Last) (First) (Middle) 75 STATE STREET, 26TH FLOOR (Street) BOSTON MA 02109 (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* Parthenon Investment Partners, LLC (Last) (First) (Middle) 75 STATE STREET, 26TH FLOOR (Street) BOSTON MA 02109 (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* PCIP Investors (Last) (First) (Middle) 75 STATE STREET, 26TH FLOOR (Street) BOSTON MA 02109 (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* Parthenon Capital, LLC (Last) (First) (Middle) 75 STATE STREET, 26TH FLOOR (Street) BOSTON MA 02109 (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* J&R Investment Management Company, LLC (Last) (First) (Middle) 75 STATE STREET, 26TH FLOOR (Street) BOSTON MA 02109 (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* JACQUET ERNEST K (Last) (First) (Middle) 75 STATE STREET, 26TH FLOOR (Street) BOSTON MA 02109 (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* Rutherford John C (Last) (First) (Middle) 75 STATE STREET, 26TH FLOOR (Street) BOSTON MA 02109 (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. John C. Rutherford ("JCR") and Ernest K. Jacquet ("EKJ") are the managing members of Parthenon Investment Partners, LLC, which is the managing member of Parthenon Investment Advisors, LLC, which is the general partner of Parthenon Investors, L.P. JCR and EKJ disclaim beneficial ownership of such shares except to the extent of the pecuniary interest therein.

2. JCR and EKJ are the managing members of J&R Investment Management Company, LLC, which is the managing member of Parthenon Capital, LLC, which is the managing member of PCIP Investors. JCR and EKJ disclaim beneficial ownership of such shares except to the extent of the pecuniary interest therein.

	John C. Rutherford, managing member of Parthenon Investment Partners, LLC, the managing member of Parthenon Investment Advisors, LLC, the general partner of Parthenon Investors, L.P.	10/03/2006
	John C. Rutherford, managing member of Parthenon Investment Partners, LLC, the managing member of Parthenon Investment Advisors, LLC	10/03/2006
	John C. Rutherford, managing member of Parthenon Investment Partners, LLC	10/03/2006
	John C. Rutherford, managing member of J&R Investment Management Company, the managing member of Parthenon Capital LLC, the managing partner of PCIP Investors	10/03/2006
	John C. Rutherford, managing member of J&R Management Company, the managing member of Parthenon Capital, LLC	10/03/2006
	John C. Rutherford, managing member of J&R Investment Management Company, LLC	10/03/2006
	Ernest K. Jacquet	10/03/2006
	John C. Rutherford	10/03/2006
	** 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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