FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Pirate Capital LLC 		2. Issuer Name and Ticker or Trading Symbol

PEP BOYS MANNY MOE & JACK [ PBY ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

200 CONNECTICUT AVENUE 		3. Date of Earliest Transaction (MM/DD/YYYY)

6/12/2008
(Street)

NORWALK, CT 06854
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   6/12/2008     S (6)    23   D $9.83   (6) 2504493   I   See footnote 1   (1)
common stock                  5037   (2) D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Option (right to buy)   $12.76                   8/30/2006   (3) 8/30/2013   common stock   338     1   D  
 
Option (right to buy)   $14.41                   10/19/2006   (3) 10/19/2013   common stock   2456     1   D  
 
Option (right to buy)   $10.00   1/19/2008     J  (5)       2500    11/20/2006   1/19/2008   common stock   250000   $0   0   I   See footnote 1   (1)
Option (obligation to buy)   $15.00   1/18/2008     J  (4)       55    4/24/2006   1/19/2008   common stock   5500   $0   0   I   See footnote 1   (1)
Option (right to buy)   $21.70                   6/14/2007   (3) 6/14/2014   common stock   2243     1   D  
 

Explanation of Responses:
( 1)  Such securities beneficially owned by the Reporting Persons are held directly by Jolly Roger Fund LP, a limited partnership for which Pirate Capital LLC ("Pirate") serves as general partner, and Jolly Roger Offshore Fund LTD, each an investment fund for which Pirate serves as investment advisor (collectively, the "Funds"). Pirate is deemed to be the indirect beneficial owner of such securities reported herein by reason of its position as general partner or investment advisor, as applicable, of the Funds, and may be deemed to hold a fractional pecuniary interest in such shares. Thomas R. Hudson Jr., as the sole managing member of Pirate, is also deemed to be the indirect beneficial owner of such securities. The Reporting Persons disclaim beneficial ownership of any and all such securities in excess of their actual pecuniary interest, if any.
( 2)  Held directly by Thomas R. Hudson Jr. Represents restricted stock units, which represent the right to receive an equal number of shares of common stock.
( 3)  Held directly by Thomas R. Hudson Jr. 20% of such options were exercisable on the date of grant. An additional 20% of such options will become exercisable on each of the next four anniversaries of the date of grant.
( 4)  Purchase of common stock pursuant to exercise of short put by counterparty.
( 5)  Expiration of long derivative position with no value received.
( 6)  Distributions to holders in the Jolly Roger Fund LP, Jolly Roger Offshore Fund LTD, Jolly Roger Activist Fund LP and Jolly Roger Activist Fund LTD of their pro rata ownership through the funds of shares of common stock of The PEP Boys - Manny, Moe & Jack.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Pirate Capital LLC
200 CONNECTICUT AVENUE
NORWALK, CT 06854 		X


Hudson Thomas R Jr
200 CONNECTICUT AVENUE
NORWALK, CT 06854 		X



Signatures
/s/ Pirate Capital LLC, by Thomas R. Hudson Jr. its Portfolio Manager 6/12/2008
** Signature of Reporting Person Date

/s/ Thomas R. Hudson Jr. 6/12/2008
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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