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 *

GEIGER DUANE 		2. Issuer Name and Ticker or Trading Symbol

STEAK & SHAKE CO [ SNS ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Interim CFO, VP, Controller
(Last)          (First)          (Middle)

36 S. PENNSYLVANIA, SUITE 500 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/30/2009
(Street)

INDIANAPOLIS, IN 46204
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

12/30/2009 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ 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   12/23/2009     S    260   (1) D $315.45   (1) 1564   (1) (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

Explanation of Responses:
( 1)  The Company completed a 1 for 20 reverse stock split following the close of business on 12-18-09. The amount stated represents the post-split adjusted amount and fractional shares are not included because such fractional shares will be cashed out at $286.20 per share on a post-split basis.
( 2)  Table I of the Form 4 filed on 2-9-09 contained a mathematical error which caused the "Amount of Securities Beneficially Owned Following Reported Transaction" (Box #5) to be inaacurate. The correct figure should have been 37,533 shares (rather than the 28,533 shares figure listed). Using the correct 37,533 share figure, and applying that figure to subsequent transactions relating to Mr. Geiger, the correct figure for Table I, Box #5 is currently 1,564 shares (on a post-split basis as described in footnote 1). Note: 2 shares were "fractional shares" and were "paid out" in the stock split - therefore the correct figure is 1,564 shares (not 1,566 shares).

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GEIGER DUANE
36 S. PENNSYLVANIA
SUITE 500
INDIANAPOLIS, IN 46204

Interim CFO, VP, Controller

Signatures
Barry C. Paige, Attorney in Fact 2/2/2010
** 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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