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 * OLSON BRUCE J   2. Issuer Name and Ticker or Trading Symbol MARCUS CORP [MCS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Senior Vice President (Last) (First) (Middle) THE MARCUS CORPORATION, 100 E. WISCONSIN AVE., SUITE 1900 3. Date of Earliest Transaction (Month/Day/Year) 07/12/2011 (Street) MILWAUKEE, WI 53202 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 07/12/2011   M   14,257 A $ 9.8542 164,524 D   Common Stock 07/12/2011   F   14,177 D $ 9.91 150,347 D   Common Stock 07/14/2011   A   2,700 (1) A $ 0 153,047 D   Common Stock               8,510 (2) I By 401(k) Plan Common Stock               1,350 (3) I As trustee (4)

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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 Option (right to buy) (granted 07/12/01)	$ 9.8542	07/12/2011		M			14,257	(5)	07/12/2011	Common Stock	14,257	$ 0	0	D
Stock Option (right to buy) (granted 07/11/02)	$ 10.9062							(5)	07/11/2012	Common Stock	11,407		11,407	D
Stock Option (right to buy) (granted 09/8/03)	$ 10.2469							(5)	09/08/2013	Common Stock	8,555		8,555	D
Stock Option (right to buy) (granted 08/18/04)	$ 12.7298							(5)	08/18/2014	Common Stock	14,258		14,258	D
Stock Option (right to buy) (granted 10/6/05)	$ 14.0694							(5)	10/06/2015	Common Stock	14,258		14,258	D
Stock Option (right to buy) (granted 7/31/06)	$ 19.74							(5)	07/31/2016	Common Stock	15,000		15,000	D
Stock Option (right to buy) (granted 8/2/07)	$ 20.4							(5)	08/20/2017	Common Stock	15,000		15,000	D
Stock Option (right to buy) (granted 7/29/08)	$ 15.59							(5)	07/29/2018	Common Stock	25,000		25,000	D
Stock Option (right to buy) (granted 7/28/09)	$ 13.34							(5)	07/28/2019	Common Stock	30,000		30,000	D
Stock Option (right to buy) (granted 07/27/10)	$ 11.89							(5)	07/27/2020	Common Stock	30,000		30,000	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
OLSON BRUCE J THE MARCUS CORPORATION 100 E. WISCONSIN AVE., SUITE 1900 MILWAUKEE, WI 53202	X		Senior Vice President

Signatures

/s/ Steven R. Barth, Attorney-in-Fact for Bruce J. Olson		07/14/2011
**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)	Restricted stock granted July 14, 2011 vests and becomes exercisable as follows: 50% after 3rd anniversary of the date of the grant and 100% after 5th anniversary of the date of the grant or upon death, disability or retirement.
(2)	Balance reflects the most current data available with regard to the reporting person's holdings in the 401(k) Plan.
(3)	Shares were transferred to the Bruce Olson Family Trust in a transaction exempt from Section 16 reporting pursuant to Rule 16a-13.
(4)	As trustee of the Bruce Olson Family Trust.
(5)	The options originally granted vest and become exercisable as follows: 40% after 2nd anniversary of the date of grant; 60% after 3rd anniversary; 80% after 4th anniversary; and 100% after 5 years.
Remarks: The reporting person no longer has a reportable interest in 7,593 shares held by the reporting person's son, because he is no longer a dependent.  Also, the reporting person no longer has a reportable interest in 9,651 shares held by the reporting person's wife, as custodian for their daughter, because the stock has been transferred into the name of their daughter, who is no longer a dependent.

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