Panera Bread 2011 Annual Report Download - page 91

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Explanatory Note
Panera Bread Company (the "Company") is filing this Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year
ended December 27, 2011, as originally filed with the Securities and Exchange Commission (the "SEC") on February 21, 2012
(the "Original Filing"), to correct the number of shares of the Company's Class A Common Stock disclosed on the cover page of
the Original Filing as outstanding as of February 20, 2012. The number of outstanding Class A Common Stock shares disclosed
in the Original Filing inadvertently included 2,048,787 treasury shares that were issued but were not outstanding. The number of
shares of Class A Common Stock outstanding as of February 20, 2012 was 28,335,959. This Amendment No. 1 on Form 10-K/
A does not change or update any of the other disclosures contained in the Original Filing, including, without limitation, the total
number of outstanding Class A Common Stock otherwise disclosed within the body of the Original Filing.
.