Popeyes Louisiana Kitchen (PLKI) Form 4 POPEYES LOUISIANA KITCHEN / CHERYL A BACHELDER ownership change

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

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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^*

BACHELDER CHERYL A

(Last) (First) (Middle)

AFC ENTERPRISES, INC.

400 PERIMETER CENTER TERRACE, SUITE 1000

(Street)

ATLANTA GA 30346

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
POPEYES LOUISIANA KITCHEN, INC. [ PLKI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/16/2015

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	12/16/2015		M		11,285	A	$10.94	160,939	D
Common Stock	12/16/2015		S(1)		11,285	D	$57.3351(2)	149,654	D
Common Stock	12/16/2015		M		133	A	$15.32	149,787	D
Common Stock	12/16/2015		S(1)		133	D	$57.3351(2)	149,654	D
Common Stock	12/17/2015		M		13,038	A	$15.32	162,692	D
Common Stock	12/17/2015		S(1)		13,038	D	$57.0498(3)	149,654(4)	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 (Right to Buy)	$10.94	12/16/2015		M(1)			11,285	04/05/2011	04/05/2020	Common Stock	11,285	$0.00	0	D
Stock Option (Right to Buy)	$15.32	12/16/2015		M(1)			133	04/05/2012	04/05/2018	Common Stock	133	$0.00	38,677	D
Stock Option (Right to Buy)	$15.32	12/17/2015		M(1)			13,038	04/05/2012	04/05/2018	Common Stock	13,038	$0.00	25,639	D

Explanation of Responses:

1. Stock option exercise and shares sold pursuant to 10b5-1 trading plan.

2. The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $56.90 to $57.89. Upon request by SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

3. The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $56.80 to $58.03. Upon request by SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

4. The balance includes 13,868 restricted stock shares previously granted, subject to time vesting.

Remarks:

	Harold M. Cohen under Power of Attorney for Cheryl A. Bachelder	12/18/2015
	** 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.
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