CHEESECAKE FACTORY INC — Director's Dealing 2012

May 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEESECAKE FACTORY INC (CAKE)
CIK: 0000887596
Period of Report: 2012-05-24

Reporting Person: BYFUGLIN MAX S (President (Subsidiary))

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-24	Common stock	M	12000	$21.17	Acquired	63495	Indirect
2012-05-24	Common stock	S	12000	$32.10	Disposed	51495	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-24	Options to purchase common stock	$21.17	M	12000	Disposed	2018-01-03	Common stock (12000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	27000	Direct

Footnotes

F1: Shares held by the Byfuglin Family Trust u/t/a 9/27/2003 of which the reporting person and his spouse are trustees.