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"Insiders might sell their shares for any number of reasons, but they buy them for only one:
they think the price will rise" - Peter Lynch ==>> What is insider trading>> |

| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship |
Shares Traded | Average Price | Total Amount |
Shares Ownership |
Filing |
| 2007-02-16 Sale |
2007-02-20 4:09 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 10,000 | $60 | $600,000 | 6,376 (Direct) | View |
| 2007-01-29 Sale |
2007-01-31 5:03 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 5,000 | $53.72 | $268,610 | 6,325 (Direct) |
View |
| 2005-06-20 Sale |
2005-06-21 3:48 pm |
PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 6,250 | $65.5 | $409,375 | 0 (Direct) |
View |
| 2005-02-28 Sale(A) |
2005-03-01 3:02 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 12,500 | $53.79 | $672,400 | 0 (Direct) |
View |
| 2005-02-28 Sale | 2005-02-28 5:23 pm |
PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 12,500 | $3.19 | $39,875 | 0 (Direct) | View |
| 2003-12-04 Sale | 2003-12-08 3:29 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 20,000 | $37.44 | $748,800 | 8,294 (Direct) |
View |
| Transaction & Date |
Reported Date | Company | Symbol | Insider Relationship | Shares Traded | Average Price | Total Amount | Shares Ownership |
Filing |
| 2008-09-15 Tax Withholding | 2008-09-17 8:10 pm |
PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 116 | $49 | $5,684 | 13,982 (Direct) | View |
| 2008-03-02 Option Award(A) | 2008-09-17 8:05 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 549 | $0 | $0 | 8,664 (Direct) |
View |
| 2008-09-01 Tax Withholding |
2008-09-03 9:17 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 116 | $53.74 | $6,234 | 14,257 (Direct) | View |
| 2008-08-11 Tax Withholding |
2008-08-13 5:22 pm |
PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 314 | $53.51 | $16,802 | 14,373 (Direct) |
View |
| 2008-08-05 Option Award |
2008-08-07 7:47 pm |
PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 3,440 | $0 | $0 | 14,687 (Direct) | View |
| 2008-03-28 Exercise |
2008-04-01 9:27 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 2,352 | $0 | $0 | 10,962 (Direct) | View |
| 2008-03-02 Tax Withholding(A) | 2008-03-18 11:17 am |
PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 213 | $37.37 | $7,960 | 8,610 (Direct) |
View |
| 2008-03-02 Option Award |
2008-03-07 9:07 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 549 | $0 | $0 | 8,823 (Direct) |
View |
| 2007-09-15 Tax Withholding |
2007-09-18 10:02 am | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 116 | $44.53 | $5,165 | 8,115 (Direct) | View |
| 2007-08-31- -2007-09-01 Gift Tax Withholding | 2007-09-05 5:09 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 142 | $35.73 | $5,074 | 8,231 (Direct) |
View |
| 2007-08-10 Option Award |
2007-08-14 3:23 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 1,844 | $0 | $0 | 8,373 (Direct) |
View |
| 2007-02-16 Exercise |
2007-02-20 4:09 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 10,000 | $28.39 | $283,850 | 16,376 (Direct) | View |
| 2007-01-29 Exercise |
2007-01-31 5:03 pm |
PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 5,000 | $3.19 | $15,950 | 11,325 (Direct) |
View |
| 2006-08-11 Option Award | 2006-08-15 5:10 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 3,234 | $0 | $0 | 6,325 (Direct) |
View |
| 2005-09-15 Exercise |
2005-09-19 8:02 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 1,422 | $0 | $0 | 1,492 (Direct) |
View |
| 2005-09-01 Option Award |
2005-09-06 7:58 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 1,422 | $0 | $0 | 1,492 (Direct) |
View |
| 2005-06-20 Exercise | 2005-06-21 3:48 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 6,250 | $28.57 | $178,550 | 5,000 (Direct) |
View |
| 2005-02-28 Exercise(A) | 2005-03-01 3:02 pm |
PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 12,500 | $3.19 | $39,875 | 12,500 (Direct) |
View |
| 2005-02-28 Exercise |
2005-02-28 5:23 pm |
PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 12,500 | $3.19 | $39,875 | 12,500 (Direct) | View |
| 2003-03-31- -2003-12-04 Exercise Option Award | 2003-12-08 3:29 pm | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 20,174 | $3.433 | $69,255 | 28,294 (Direct) | View |
| Transaction & Date | Reported Date |
Exercisable Expiration | Company | Symbol | Insider Relationship |
Shares Traded |
Conversion Price |
Shares Ownership | Filing |
| 2008-03-28 Exercise |
2008-04-01 9:27 pm |
2008-03-14 2008-03-28 | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 0 | $0 | 0 (Direct) | View |
| 2008-03-14 Option Award | 2008-03-18 8:15 pm | 2008-03-14 2008-03-28 | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 0 | $0 | 0 (Direct) | View |
| 2007-08-10 Option Award | 2007-08-14 3:23 pm |
N/A 2013-08-10 | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 7,376 | $43.31 | 7,376 (Direct) | View |
| 2007-02-16 Exercise | 2007-02-20 4:09 pm |
2004-01-17 2009-01-17 | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 10,000 | $28.39 | 5,000 (Direct) |
View |
| 2007-01-29 Exercise |
2007-01-31 5:03 pm |
2000-11-19 2008-11-19 | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 5,000 | $3.19 | 0 (Direct) |
View |
| 2005-09-15 Exercise |
2005-09-19 8:02 pm | 2005-09-01 2005-09-15 | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 5,689 | $0 | 0 (Direct) |
View |
| 2005-09-01 Option Award |
2005-09-06 7:58 pm | 2005-09-01 2005-09-15 | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 5,689 | $0 | 5,689 (Direct) |
View |
| 2005-06-20 Purchase | 2005-06-21 3:48 pm |
2004-08-29 2008-08-29 | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 1,250 | $29.3 | 0 (Direct) | View |
| 2005-06-20 Purchase | 2005-06-21 3:48 pm |
2004-01-17 2008-01-17 |
PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 5,000 | $28.39 | 5,000 (Direct) | View |
| 2005-02-28 Purchase |
2005-03-01 3:02 pm |
1998-11-19 2005-11-19 |
PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 12,500 | $3.19 | 16,250 (Direct) | View |
| 2005-02-28 Purchase | 2005-02-28 5:23 pm |
1998-11-19 2005-11-19 |
PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 12,500 | $3.19 | 16,250 (Direct) |
View |
| 2004-08-20 Option Award | 2004-08-24 5:11 pm |
2006-08-20 2010-08-20 | PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 15,000 | $35.29 | 15,000 (Direct) |
View |
| 2003-12-04 Purchase | 2003-12-08 3:29 pm | 2003-11-19 2008-11-19 |
PANERA BREAD CO | PNRA | KUPSTAS MICHAEL J (SVP, Chief Franchise Officer) | 20,000 | $3.19 | 12,500 (Direct) | View |
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