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* WILLEY FRANK P (Last) (First) (Middle) 601 RIVERSIDE AVENUE (Street) JACKSONVILLE FL 32204 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol CKE RESTAURANTS INC [ CKR ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 04/19/2007
	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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/19/2007		M		12,275	A	$2.037	394,979(1)	D
Common Stock	04/19/2007		S		12,275	D	$20.85	382,704(1)	D
Common Stock	04/19/2007		M		17,185	A	$2.929	399,889(2)	D
Common Stock	04/19/2007		S		17,185	D	$20.85	382,704(2)	D
Common Stock	04/19/2007		M		12,275	A	$3.87	394,979(3)	D
Common Stock	04/19/2007		S		12,275	D	$20.85	382,704(3)	D
Common Stock	04/19/2007		M		25,000	A	$2.625	407,704(4)	D
Common Stock	04/19/2007		S		25,000	D	$20.89	382,704(4)	D
Common Stock	04/19/2007		M		25,000	A	$2.92	407,704(5)	D
Common Stock	04/19/2007		S		25,000	D	$20.94	382,704(5)	D
Common Stock	04/19/2007		M		20,000	A	$3.3125	402,704(6)	D
Common Stock	04/19/2007		S		20,000	D	$20.91	382,704(6)	D
Common Stock	04/19/2007		M		20,000	A	$5.75	402,704(7)	D
Common Stock	04/19/2007		S		20,000	D	$20.91	382,704(7)	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
Stock Option	$2.037	04/19/2007		M			12,275	10/25/2000	10/25/2010	Common Stock	12,275	$2.037	0(1)	D
Stock Option	$2.929	04/19/2007		M			17,185	01/05/2000	01/05/2010	Common Stock	17,185	$2.929	0(2)	D
Stock Option	$3.87	04/19/2007		M			12,275	10/31/2001	10/31/2011	Common Stock	12,275	$3.87	0(3)	D
Stock Option	$2.625	04/19/2007		M			25,000	01/03/2004	01/03/2011	Common Stock	25,000	$2.625	0(4)	D
Stock Option	$2.92	04/19/2007		M			25,000	06/12/2004	06/12/2011	Common Stock	25,000	$2.92	0(5)	D
Stock Option	$3.3125	04/19/2007		M			20,000	06/14/2003	06/14/2010	Common Stock	20,000	$3.3125	0(6)	D
Stock Option	$5.75	04/19/2007		M			20,000	06/10/2006	06/10/2013	Common Stock	20,000	$5.75	0(7)	D

Explanation of Responses:

1. Reporting person also beneficially owns derivative securities comprised of a total of 184,460 stock options.

2. Reporting person also beneficially owns derivative securities comprised of a total of 167,275 stock options.

3. Reporting person also beneficially owns derivative securities comprised of a total of 155,000 stock options.

4. Reporting person also beneficially owns derivative securities comprised of a total of 130,000 stock options.

5. Reporting person also beneficially owns derivative securities comprised of a total of 105,000 stock options.

6. Reporting person also beneficially owns derivative securities comprised of a total of 85,000 stock options.

7. Reporting person also beneficially owns derivative securities comprised of a total of 65,000 stock options.

Remarks:

	Hilary Burkemper, as Attorney-in-Fact for Frank P. Willey	04/23/2007
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.