SC 13G/A: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions
Published on March 7, 1997
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
NAME OF ISSUER Papa Johns International Inc.
(nasd)
TITLE OF CLASS OF SECURITIES Common
CUSIP NUMBER 698813102
The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 11 Pages
13G
CUSIP No. 698813102 Page 2 of 11
Pages
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1. Name of reporting person
S.S. or I.R.S. identification no. of above person
Marsh & McLennan Companies, Inc.
36-2668272
- -----------------------------------------------------------------
- -------------
2. Check the appropriate box if a member of a group*
(a)( ) (b)( )
- -----------------------------------------------------------------
- -------------
3. SEC use only
- -----------------------------------------------------------------
- -------------
4. Citizenship or place of organization
Delaware
- -----------------------------------------------------------------
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5. Sole
Voting Power
NONE
-----------------------------
Number of shares ) 6. Shared Voting
Power
Beneficially )
Owned by each ) NONE
Reporting ) -----------------------------
Person with: ) 7. Sole
Dispositive Power
NONE
-----------------------------
8. Shared
Dispositive Power
NONE
- -----------------------------------------------------------------
- -------------
9. Aggregate amount beneficially owned by each reporting person
NONE
- -----------------------------------------------------------------
- -------------
10. Check box if the aggregate amount in row (9) includes
certain shares*
- -----------------------------------------------------------------
- -------------
11. Percent of class represented by amount in row 9
NONE
- -----------------------------------------------------------------
- -------------
12. Type of Reporting person*
HC
- -----------------------------------------------------------------
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13G
CUSIP No. 698813102 Page 3 of 11
Pages
- -----------------------------------------------------------------
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1. Name of reporting person
S.S. or I.R.S. identification no. of above person
Putnam Investments, Inc.
04-2539558
- -----------------------------------------------------------------
- -------------
2. Check the appropriate box if a member of a group*
(a)( ) (b)( )
- -----------------------------------------------------------------
- -------------
3. SEC use only
- -----------------------------------------------------------------
- -------------
4. Citizenship or place of organization
Massachusetts
- -----------------------------------------------------------------
- -------------
5. Sole
Voting Power
NONE
Number of shares ) -------------------------
- ----
Beneficially ) 6. Shared Voting
Power
owned by each )
81,175
Reporting )
Person with: ) -----------------------------
7. Sole
Dispositive Power
NONE
-----------------------------
8. Shared
Dispositive Power
3,259,274
- -----------------------------------------------------------------
- -------------
9. Aggregate amount beneficially owned by each reporting person
3,259,274
- -----------------------------------------------------------------
- -------------
10. Check box if the aggregate amount in row (9) includes
certain shares*
- -----------------------------------------------------------------
- -------------
11. Percent of class represented by amount in row 9
11.3%
- -----------------------------------------------------------------
- -------------
12. Type of Reporting person*
HC
- -----------------------------------------------------------------
- -------------
13G
CUSIP No. 698813102 Page 4 of 11
Pages
- -----------------------------------------------------------------
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1. Name of reporting person
S.S. or I.R.S. identification no. of above person
Putnam Investment Management, Inc.
04-2471937
- -----------------------------------------------------------------
- -------------
2. Check the appropriate box if a member of a group*
(a)( ) (b)( )
- -----------------------------------------------------------------
- -------------
3. SEC use only
- -----------------------------------------------------------------
- -------------
4. Citizenship or place of organization
Massachusetts
- -----------------------------------------------------------------
- -------------
5. Sole
Voting Power
NONE
Number of shares ) -------------------------
- ----
Beneficially ) 6. Shared Voting
Power
Owned by each )
Reporting ) NONE
Person with: ) -----------------------------
7. Sole
Dispositive Power
NONE
-----------------------------
8. Shared
Dispositive Power
3,112,949
- -----------------------------------------------------------------
- -------------
9. Aggregate amount beneficially owned by each reporting
person
3,112,949
- -----------------------------------------------------------------
- -------------
10. Check box if the aggregate amount in row (9) includes
certain shares*
- -----------------------------------------------------------------
- -------------
11. Percent of class represented by amount in row 9
10.8%
- -----------------------------------------------------------------
- -------------
12. Type of Reporting person*
IA
- -----------------------------------------------------------------
-------------
13G
CUSIP No. 698813102 Page 5 of 11
Pages
- -----------------------------------------------------------------
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1. Name of reporting person
S.S. or I.R.S. identification no. of above person
The Putnam Advisory Company, Inc.
04-6187127
- -----------------------------------------------------------------
- -------------
2. Check the appropriate box if a member of a group*
(a)( ) (b)( )
- -----------------------------------------------------------------
- -------------
3. SEC use only
- -----------------------------------------------------------------
- -------------
4. Citizenship or place of organization
Massachusetts
- -----------------------------------------------------------------
- -------------
5. Sole
Voting Power
NONE
Number of shares ) -------------------------
- ----
Beneficially ) 6. Shared Voting
Power
Owned by each )
Reporting ) 81,175
Person with: ) -----------------------------
7. Sole
Dispositive Power
NONE
-----------------------------
8. Shared
Dispositive Power
146,325
- -----------------------------------------------------------------
- -------------
9. Aggregate amount beneficially owned by each reporting person
146,325
- -----------------------------------------------------------------
- -------------
10. Check box if the aggregate amount in row (9) includes
certain shares*
- -----------------------------------------------------------------
- -------------
11. Percent of class represented by amount in row 9
0.5%
- -----------------------------------------------------------------
- -------------
12. Type of Reporting person*
IA
- -----------------------------------------------------------------
- -------------
13G
CUSIP No. 698813102 Page 6 of 11
Pages
- -----------------------------------------------------------------
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1. Name of reporting person
S.S. or I.R.S. identification no. of above person
Putnam New Opportunities Fund
04-3091455
- -----------------------------------------------------------------
- -------------
2. Check the appropriate box if a member of a group*
(a)( ) (b)( )
- -----------------------------------------------------------------
- -------------
3. SEC use only
- -----------------------------------------------------------------
- -------------
4. Citizenship or place of organization
Massachusetts
- -----------------------------------------------------------------
- -------------
5. Sole
Voting Power
NONE
Number of shares ) -------------------------
- ----
Beneficially ) 6. Shared Voting
Power
Owned by each )
Reporting ) NONE
Person with: ) -----------------------------
7. Sole
Dispositive Power
NONE
-----------------------------
8. Shared
Dispositive Power
1,775,000
- -----------------------------------------------------------------
- -------------
9. Aggregate amount beneficially owned by each reporting person
1,775,000
- -----------------------------------------------------------------
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10. Check box if the aggregate amount in row (9) includes
certain shares*
- -----------------------------------------------------------------
- -------------
11. Percent of class represented by amount in row 9
6.2%
- -----------------------------------------------------------------
- -------------
12. Type of Reporting person*
IC
- -----------------------------------------------------------------
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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Item 1(a) Name of Issuer: Papa Johns International
Inc. (nasd)
Item 1(b) Address of Issuer's Principal Executive Offices:
11492 Bluegrass Parkway, Suite 175, Louisville, KY 40299,
Item 2(a) Item 2(b)
Name of Person Filing: Address or
Principal Office or, if NONE,
Residence:
Putnam Investments, Inc. One Post Office Square
("PI") Boston, Massachusetts 02109
on behalf of itself and:
*Marsh & McLennan Companies, Inc. 1166 Avenue of the
Americas
("MMC") New York, NY 10036
Putnam Investment Management, Inc. One Post Office Square
("PIM") Boston, Massachusetts 02109
The Putnam Advisory Company, Inc. One Post Office Square
("PAC") Boston, Massachusetts 02109
**Putnam New Opportunities Fund One Post Office
Square
Boston, Massachusetts 02109
Item 2(c) Citizenship: PI, PIM and PAC are
corporations organized under Massachusetts law.
The citizenship of other persons identified in
Item 2(a) is designated as follows:
* Corporation - Delaware law
** Voluntary association known as
Massachusetts business trust - Massachusetts
law
Item 2(d) Title of Class of Securities: Common
Item 2(e) Cusip Number: 698813102
Page 7 of 11 Pages
Item 3. If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the person filing is a:
(a)( ) Broker or Dealer registered under Section 15 of the Act
(b)( ) Bank as defined in Section 3(a)(6) of the Act
(c)( ) Insurance Company as defined in Section 3(a)(19) of the
Act
(d)( X ) Investment Company registered under Section 8 of the
Investment Company Act
(e)( X ) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f)( ) Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see (Section
240.13d-1(b)(1)(ii)(F)
(g)( X ) Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G)
(h)( ) Group, in accordance with Section
240.13d-1(b)(1)(ii)(H)
Page 8 of 11 Pages
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of
the date thereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following ( ).
Item 6. Ownership of More than Five/Ten Percent on Behalf of
Another Person:
No persons other than the persons filing this Schedule 13G have
an economic interest in the securities reported on which relates
to more than five percent of the class of securities. Securities
reported on this Schedule 13G as being beneficially owned by M&MC
and PI consist of securities beneficially owned by subsidiaries
of PI which are registered investment advisers, which in turn
include securities beneficially owned by clients of such
investment advisers, which clients may include investment
companies registered under the Investment Company Act and/or
employee benefit plans, pension funds, endowment funds or other
institutional clients.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the Parent
Holding Company.
PI, which is a wholly-owned subsidiary of M&MC, wholly owns two
registered investment advisers: Putnam Investment Management,
Inc., which is the investment adviser to the Putnam family of
mutual funds and The Putnam Advisory Company, Inc., which is the
investment adviser to Putnam's institutional clients. Both
subsidiaries have dispository power over the shares as investment
managers, but each of the mutual fund's trustees have voting
power over the shares held by each fund, and The Putnam Advisory
Company, Inc. has shared voting power over the shares held by the
institutional clients. Pursuant to Rule 13d-4, M&MC and PI
declare that the filing of this Schedule 13G shall not be deemed
an admission by either or both of them that they are, for the
purposes of Section 13(d) or 13(g) the beneficial owner of any
securities covered by this Section 13G, and further state that
neither of them have any power to vote or dispose of, or direct
the voting or disposition of, any of the securities covered by
this Schedule 13G.
Item 8. Identification and Classification of Members of the
Group:
Not applicable.
Item 9. Notice of Dissolution of Group:
Not applicable.
Item 10. Certification.
Page 10 of 11 Pages
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business, were not acquired for the purpose of
and do not have the effect of changing or influencing the control
of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purposes or effect.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
PUTNAM INVESTMENTS, INC.
/s/
BY: -------------------------------------------
Signature
Name/Title: Frederick S. Marius
Assistant Vice President and Associate Counsel
Date: March 7, 1997
For this and all future filings, reference is made to Power of
Attorney dated November 9, 1992, with respect to duly authorized
signatures on behalf of Marsh & McLennan Companies, Inc., Putnam
Investments, Inc., Putnam Investment Management, Inc., The Putnam
Advisory Company, Inc. and any Putnam Fund wherever applicable.
For this and all future filings, reference is made to an
Agreement dated June 28, 1990, with respect to one filing of
Schedule 13G on behalf of said entitites, pursuant to Rule
13d-1(f)(1).
Page 11 of 11 Pages