ARK RESTAURANTS CORP — Director's Dealing 2004

Jan 20, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARK RESTAURANTS CORP (arkr)
CIK: 0000779544
Period of Report: 2004-01-07

Reporting Person: GORDON PAUL (Director, Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-07	Common Stock	S	7000	$13.30	Disposed	500	Direct
2004-01-07	Common Stock	S	500	$13.33	Disposed	0	Direct
2004-01-15	Common Stock	X	15000	$10.00	Acquired	15000	Direct
2004-01-15	Common Stock	X	16000	$6.30	Acquired	31000	Direct
2004-01-15	Common Stock	S	31000	$13.6727	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-15	Stock Option	$10.00	X	15000	Disposed	2004-04-22	Common Stock (15000)	Direct
2004-01-15	Stock Option	$6.30	X	16000	Disposed	2006-12-17	Common Stock (16000)	Direct