PAPA JOHNS INTL INC

Ticker: PZZA CUSIP: 698813102 Class: Common Stock

Mount Lucas Management LP's Holding History (CIK: 0001185072)

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

Q1 2015

Shares 4,483 Value ($000) $277 Avg Close $49.98 Range $44.77 - $52.93

Q4 2014

Shares 4,204 Value ($000) $235 Avg Close $39.19 Range $31.53 - $45.64

Q3 2014

Shares 3,696 Value ($000) $148 Avg Close $32.68 Range $29.80 - $36.20

Q2 2014

Shares 3,375 Value ($000) $143 Avg Close $35.32 Range $31.83 - $41.83

Q1 2014

Shares 4,414 Value ($000) $230 Avg Close $39.14 Range $35.79 - $43.64

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	4,483	$277	$49.98	$44.77 - $52.93
Q4 2014	4,204	$235	$39.19	$31.53 - $45.64
Q3 2014	3,696	$148	$32.68	$29.80 - $36.20
Q2 2014	3,375	$143	$35.32	$31.83 - $41.83
Q1 2014	4,414	$230	$39.14	$35.79 - $43.64