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 *
BRACKENBURY JOHN
  2. Issuer Name and Ticker or Trading Symbol
ISLE OF CAPRI CASINOS INC [ISLE]
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)
600 EMERSON ROAD, SUITE 300
3. Date of Earliest Transaction (Month/Day/Year)
10/06/2008
(Street)

SAINT LOUIS, MO 63141
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 10/06/2008   A   10,751 (1) A $ 6.2 15,151 D  
Common Stock 10/08/2008   A   1,481 (2) A $ 4.7 16,632 D  
Common Stock 10/08/2008   A   1,905 (3) A $ 4.7 18,537 D  
Common Stock 10/08/2008   A   588 (4) A $ 4.7 19,125 D  
Common Stock 10/08/2008   A   1,290 (5) A $ 4.7 20,415 D  
Common Stock 10/08/2008   A   769 (6) A $ 4.7 21,184 D  
Common Stock 10/08/2008   A   2,045 (7) A $ 4.7 23,229 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Stock Options (Right to buy) $ 20.135 10/08/2008   D     10,000 10/16/2008 10/16/2017 Common Stock 10,000 (3) $ 20.135 0 D  
Stock Options (Right to buy) $ 20.18 10/08/2008   D     5,000 10/07/2006 10/07/2015 Common Stock 5,000 (6) $ 20.18 0 D  
Stock Options (Right to buy) $ 20.27 10/08/2008   D     10,000 10/08/2005 10/08/2014 Common Stock 10,000 (5) $ 20.27 0 D  
Stock Options (Right to buy) $ 23.385 10/08/2008   D     22,500 01/14/2005 01/14/2009 Common Stock 22,500 (7) $ 23.385 0 D  
Stock Options (Right to buy) $ 24.54 10/08/2008   D     5,000 05/05/2006 05/05/2015 Common Stock 5,000 (4) $ 24.54 0 D  
Stock Options (Right to buy) $ 25.01 10/08/2008   D     10,000 10/26/2007 10/26/2016 Common Stock 10,000 (2) $ 25.01 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BRACKENBURY JOHN
600 EMERSON ROAD
SUITE 300
SAINT LOUIS, MO 63141
  X      

Signatures

 JohnBrackenbury   10/10/2008
**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).
(2) On October 8, 2008, the issuer canceled, pursuant to the issuer's opton exchange program, options granted to the reporting person on 10/7/2005 in exchange for the options, the reporting person received 769 of restricted stock. All shares of the restricted stock will generally vest on October 8,2011.
(3) On October 8, 2008, the issuer canceled, pursuant to the issuer's opton exchange program, options granted to the reporting person on 10/16/2007. In exchange for the options, the reporting person received 1,905 of restricted stock. All shares of the restricted stock will generally vest on October 8,2011.
(4) On October 8, 2008, the issuer canceled, pursuant to the issuer's opton exchange program, options granted to the reporting person on 5/5/2005. In exchange for the options, the reporting person received 588 of restricted stock. All shares of the restricted stock will generally vest on October 8,2011.
(7) On October 8, 2008, the issuer canceled, pursuant to the issuer's opton exchange program, options granted to the reporting person on 1/14/2004. In exchange for the options, the reporting person received 2,045 of restricted stock. All shares of the restricted stock will generally vest on October 8,2011.
(5) On October 8, 2008, the issuer canceled, pursuant to the issuer's opton exchange program, options granted to the reporting person on 10/8/2004. In exchange for the options, the reporting person received 1,290 of restricted stock. All shares of the restricted stock will generally vest on October 8,2011.
(1) One-half vested on date of issuance and one half to vest 10/6/2009.
(6) On October 8, 2008, the issuer canceled, pursuant to the issuer's opton exchange program, options granted to the reporting person on 10/7/2005. In exchange for the options, the reporting person received 769 of restricted stock. All shares of the restricted stock will generally vest on October 8,2011.

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