Insider Trades - FRANKLIN LARRY J

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FRANKLIN LARRY J: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Panera Bread Company Director NasdaqGS:PNRA (historical quotes, profile, SEC, other insiders)	31-Dec-08	2,524	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
31-Dec-08 612 PNRA Acquisition (Non Open Market) at $0 per share.
9-Dec-08 10,000 PNRA Option Exercise at $26.93 per share.
(Cost of $269,300)
9-Dec-08 10,000 PNRA Automatic Sale at $52 per share.
(Proceeds of $520,000)
26-Dec-07 875 PNRA Acquisition (Non Open Market) at $0 per share.

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
31-Dec-08	612	PNRA	Acquisition (Non Open Market) at $0 per share.
9-Dec-08	10,000	PNRA	Option Exercise at $26.93 per share. (Cost of $269,300)
9-Dec-08	10,000	PNRA	Automatic Sale at $52 per share. (Proceeds of $520,000)
26-Dec-07	875	PNRA	Acquisition (Non Open Market) at $0 per share.