Sec Form 4/A Filing - MORGAN JAMES H @ KRISPY KREME DOUGHNUTS INC - 2014-06-16

FORM 4/A Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person MORGAN JAMES H 2. Issuer Name and Ticker or Trading Symbol KRISPY KREME DOUGHNUTS INC [ KKD] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Executive Chairman (Last) (First) (Middle) 370 KNOLLWOOD STREET, SUITE 500 3. Date of Earliest Transaction (MM/DD/YY) 06/16/2014 (Street) WINSTON-SALEM, NC27103 4. If Amendment, Date Original Filed (MM/DD/YY) 06/18/2014 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 06/16/2014 M 150,000 A $ 1.4 249,811( 1 ) D Common Stock 06/16/2014 S 43,886 D $ 16.0077( 2 )( 3 ) 205,925( 1 ) D Common Stock 06/17/2014 S 106,114 D $ 16.0802( 2 )( 3 ) 99,811( 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Employee Stock Option (right to buy) $ 1.4 06/16/2014 M 150,000 ( 4 ) 01/29/2009 Common Stock 150,000 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other MORGAN JAMES H 370 KNOLLWOOD STREET SUITE 500 WINSTON-SALEM, NC27103 X Executive Chairman Signatures /s/Kimberly Kennedy, Attorney-in-Fact 06/19/2014 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The amounts reported in column 5 are updated to accurately reflect previously reported restricted stock units ("RSUs") granted to Mr. Morgan on January 27, 2013 and January 30, 2014. Although all of these RSUs were timely reported on Form 4, the corresponding column 5 amounts did not accurately reflect the RSUs beneficially owned by Mr. Morgan. ( 2 )The sale of the shares reported in Column 4 was made as part of the Reporting Person's personal investment and financial planning needs,including for individual asset diversification, retirement planning and estate planning purposes. Of the 150,000 shares sold, approximately 78,458shares were sold to cover the strike price of stock options exercised and the estimated taxes resulting from the exercise. The Reporting Personholds vested and unvested shares and options to purchase shares as indicated in this filing and the Reporting Person's other filings under Section16 of the Securities Exchange Act of 1934, as amended. This transaction results in the Reporting Person retaining approximately 88% of hispotential equity stake in the Issuer. ( 3 )The Prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $16.00 to$16.21, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities andExchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth inthis footnote. ( 4 )The options vested in four equal annual installments beginning onJanuary 29, 2010.

Remarks: This Form 4/A is being filed to update Mr. Morgan's title and to correct the total share amounts reported in column 5 of Table I. The total share amounts reported in column 5 of Table I on the original Form 4 filed June 18, 2014 inadvertently failed to include Mr. Morgan's previously reported restricted stock units ("RSUs"). The other amounts reported on the original Form 4 filed June 18, 2014 remain unchanged.

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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