X0202 4 2007-05-01 0 0000049754 IHOP CORP IHP 0001072321 STEWART JULIA A 450 N. BRAND BOULEVARD - FLR 7 GLENDALE CA 91203 1 1 0 0 President and CEO Common Stock 2007-05-01 4 M 0 11100 27.334 A 11100 D Common Stock 2007-05-01 4 S 0 11100 60.0037 D 0 D Common Stock 563 I See Footnote Common Stock 34845 I Julia Stewart Trust Options 27.3340 2007-05-01 4 M 0 11100 D 2002-12-03 2011-12-03 Common Stock 11100 98600 D Performance Shares Common Stock 7500 D Restricted Stock Common Stock 13000 D Restricted Stock Common Stock 50000 D Shares held in the IHOP Corp. 401(k) plan. Employee shares awarded under the IHOP Corp. 2001 Stock Incentive Plan. Performance shares awarded under the IHOP Corp. 2001 Stock Incentive Plan. The award vests on January 1, 2008, for a percentage (0% to 150%) of the performance shares awarded based, in part, upon the Issuer's total shareholder return compared to the total shareholder return of a selected peer group and, in part, on the Issuer's generation of aggregate net cash flow from operations, as compared to pre-determined targets. Performance shares are payable one-half in cash and one-half in shares of the Issuer's Common Stock. The amount set forth in Column 5 represents the one-half portion of the award payable in shares of the Issuer's common stock. Grant of 13,000 shares of Restricted Stock pursuant to IHOP Corp. 2001 Stock Incentive Plan. Grant of 50,000 shares of Restricted Stock pursuant to IHOP Corp. 2001 Stock Incentive Plan. These shares vest in installments as of March 1, 2009, 2010 and 2011. The sales reported in the Form 4 were effected pursuant to Reporting Person's 10b5-1 trading plan. Julia A. Stewart 2007-05-02