Ownership Submission
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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MARCUS STEPHEN H
   2. Issuer Name and Ticker or Trading Symbol
MARCUS CORP [MCS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President, Chairman and CEO
(Last)
(First)
(Middle)
C/O THE MARCUS CORPORATION, 100 EAST WISCONSIN AVENUE, SUITE 1900		 3. Date of Earliest Transaction (Month/Day/Year)
12/28/2006
(Street)

MILWAUKEE, WI 532024125		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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               700 I As co-trustee (1)
Common Stock               6,003 I Trustee for Ida Lowe Family Trust
Common Stock               21,895 I By Marcus Family Holdings LLC

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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 Underlying Securities
(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
Class B Common Stock (2) 12/28/2006   G V   10,075   (3)   (4) Common Stock 10,075 $ 0 615,845 D  
Class B Common Stock $ 0 (2)               (3)   (4) Common Stock 652,179   652,179 I By wife as trustee
Class B Common Stock $ 0 (2)               (3)   (4) Common Stock 1,225   1,225 I By wife and self as trustees
Class B Common Stock $ 0 (2)               (3)   (4) Common Stock 8,693   8,693 I As co-trustee (5)
Class B Common Stock $ 0 (2)               (3)   (4) Common Stock 12,783   12,783 I As co-trustee (1)
Class B Common Stock $ 0 (2)               (3)   (4) Common Stock 2,689,812   2,689,812 I By Marcus Fam. Hldgs LLC
Class B Common Stock $ 0 (2)               (3)   (4) Common Stock 50,845   50,845 I By Trust (6)
Class B Common Stock $ 0 (2)               (3)   (4) Common Stock 665,060   665,060 I By Estate of Joan Marcus

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MARCUS STEPHEN H
C/O THE MARCUS CORPORATION
100 EAST WISCONSIN AVENUE, SUITE 1900
MILWAUKEE, WI 532024125		   X   X   President, Chairman and CEO  

Signatures

 By: Steven R. Barth, Attorney-In-Fact   01/03/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) As co-trustee with sister of the shares held by the Ben Marcus Life Trust.
(2) This security is convertible into common stock on a 1-for-1 basis at no cost.
(3) This security is immediately exercisable.
(4) No expiration date.
(5) As co-trustee with sister of the shares held by the Ben Marcus and Celia Marcus 1992 Revocable Trust.
(6) By the Ben and Celia Marcus 1992 Revocable Trust F/B/O Stephen H. Marcus.

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