PAPA JOHNS INTL INC

Ticker: PZZA CUSIP: 698813102 Class: Common Stock

SANDLER CAPITAL MANAGEMENT's Holding History (CIK: 0001000742)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 88,100 Value ($000) $4,916 Avg Close $39.19 Range $31.53 - $45.64

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	88,100	$4,916	$39.19	$31.53 - $45.64