DENNY'S Corp — Director's Dealing 2011

Mar 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DENNYS CORP (DENN)
CIK: 0000852772
Period of Report: 2011-03-21

Reporting Person: SHEPHERD DONALD R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-21	Common Stock	M	18900	$2.65	Acquired	63753	Direct
2011-03-21	Common Stock	S	5600	$4.15	Disposed	58153	Direct
2011-03-21	Common Stock	S	13300	$4.05	Disposed	44853	Direct
2011-03-23	Common Stock	S	2702	$4.07	Disposed	42151	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-21	Director Stock Option	$2.65	M	18900	Disposed	2014-08-25	Common Stock (18900)	Direct

Footnotes

F1: The option, granted on 08/25/04 pursuant to the Denny's Corporation 2004 Omnibus Incentive Plan, vested annually in 33 1/3% increments beginning on the first (1st) anniversary of the grant date and expires on the tenth (10th) anniversary of the grant date.