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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* BIGLARI, SARDAR (Last) (First) (Middle) 17802 IH 10 WEST, SUITE 400 (Street) SAN ANTONIO TX 78257 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol CRACKER BARREL OLD COUNTRY STORE, INC [ CBRL ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses
	3. Date of Earliest Transaction (Month/Day/Year) 06/07/2012
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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, par value $0.01(1)	06/07/2012		P		16,500	A	$59.6336(2)	16,500	I(5)	By Steak n Shake Operations, Inc.
Common Stock, par value $0.01(1)	06/08/2012		P		2,200	A	$59.4591(3)	18,700	I(5)	By Steak n Shake Operations, Inc.
Common Stock, par value $0.01(1)	06/11/2012		P		28,100	A	$59.5404(4)	46,800	I(5)	By Steak n Shake Operations, Inc.
Common Stock, par value $0.01(1)								3,823,165	I(6)	By Biglari Holdings Inc.
Common Stock, par value $0.01(1)								140,100	I(7)	By The Lion Fund, L.P.

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

1. Name and Address of Reporting Person* BIGLARI, SARDAR (Last) (First) (Middle) 17802 IH 10 WEST, SUITE 400 (Street) SAN ANTONIO TX 78257 (City) (State) (Zip)

1. Name and Address of Reporting Person* BIGLARI HOLDINGS INC. (Last) (First) (Middle) 17802 IH 10 WEST, SUITE 400 (Street) SAN ANTONIO TX 78257 (City) (State) (Zip)

1. Name and Address of Reporting Person* BIGLARI CAPITAL CORP. (Last) (First) (Middle) 17802 IH 10 WEST, SUITE 400 (Street) SAN ANTONIO TX 78257 (City) (State) (Zip)

1. Name and Address of Reporting Person* LION FUND, L.P. (Last) (First) (Middle) 17802 IH 10 WEST, SUITE 400 (Street) SAN ANTONIO TX 78257 (City) (State) (Zip)

1. Name and Address of Reporting Person* Steak N Shake Operations Inc. (Last) (First) (Middle) 17802 IH 10 WEST, SUITE 400 (Street) SAN ANTONIO TX 78257 (City) (State) (Zip)

Explanation of Responses:

1. This Form 4 is filed jointly by Sardar Biglari, Biglari Holdings Inc. ("BH"), The Lion Fund, L.P. (the "Lion Fund"), Steak n Shake Operations, Inc. ("Steak n Shake") and Biglari Capital Corp. ("BCC"). Each of Mr. Biglari, BH, the Lion Fund, Steak n Shake and BCC is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock. Each of Mr. Biglari, BH, the Lion Fund, Steak n Shake and BCC disclaims beneficial ownership of the shares of Common Stock of the Issuer that he or it does not directly own.

2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $59.55 to $59.70. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes 2, 3 and 4 to this Form 4.

3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $59.25 to $59.80.

4. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $59.3691 to $59.75.

5. Shares owned directly by Steak n Shake. Steak n Shake is a wholly-owned subsidiary of BH. Mr. Biglari is the Chairman and Chief Executive Officer of each of Steak n Shake and BH and has investment discretion over the securities owned by Steak n Shake. By virtue of these relationships, BH and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Steak n Shake. Each of BH and Mr. Biglari disclaims beneficial ownership of the shares of Common Stock of the Issuer that he or it does not directly own.

6. Shares owned directly by BH. Mr. Biglari is the Chairman and Chief Executive Officer of BH and has investment discretion over the securities owned by BH. By virtue of this relationship, Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by BH. Mr. Biglari disclaims beneficial ownership of the shares of Common Stock of the Issuer that he does not directly own.

7. Shares owned directly by the Lion Fund. BCC is the general partner of the Lion Fund. BCC is a wholly-owned subsidiary of BH. Mr. Biglari is the Chairman and Chief Executive Officer of each of BCC and BH and has investment discretion over the securities owned by the Lion Fund. By virtue of these relationships, BCC, BH and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund. Each of Mr. Biglari, BH and BCC disclaims beneficial ownership of the shares of Common Stock of the Issuer that he or it does not directly own.

	By: /s/ Sardar Biglari	06/11/2012
	By: Biglari Holdings Inc., By: /s/ Sardar Biglari, Chairman and Chief Executive Officer	06/11/2012
	By: Biglari Capital Corp., By: /s/ Sardar Biglari, Chairman and Chief Executive Officer	06/11/2012
	By: The Lion Fund, L.P., By: Biglari Capital Corp., its general partner, By: /s/ Sardar Biglari, Chairman and Chief Executive Officer	06/11/2012
	By: Steak n Shake Operations, Inc., By: /s/ Sardar Biglari, Chairman and Chief Executive Officer	06/11/2012
	** 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).
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