CREATIVE REALITIES, INC. — Director's Dealing 2006

Dec 4, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WIRELESS RONIN TECHNOLOGIES INC (RNIN)
CIK: 0001356093
Period of Report: 2006-11-30

Reporting Person: Schnell William F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-30	Common Stock	C	36290	$3.20	Acquired	69623	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-30	Convertible Note	$3.20	C	36290	Disposed	2006-11-30	Common Stock (36290)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8333	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrant to purchase Common Stock	$9.00	2010-06-23	Common Stock (2083)	2083	Direct
Warrant to Purchase Common Stock	$9.00	2010-05-10	Common Stock (5555)	5555	Indirect
Warrant to Purchase Common Stock	$9.00	2010-05-26	Common Stock (2778)	2778	Indirect
Warrant to Purchase Common Stock	$9.00	2010-11-04	Common Stock (2778)	2778	Indirect

Footnotes

F1: On November 30, 2006, the principal amount and accrued interest on the convertible note converted into shares of the Company's common stock at the conversion price of $3.20 per share.

F2: SHAG LLC, a Minnesota limited liability company, is the direct beneficial owner of 69,623 shares of common stock and 11,112 warrants to purchase common stock. Dr. Schnell is a member of SHAG LLC and owns 25% of its membership interests. As a result, the reporting person may be deemed the indirect beneficial owner of such securities.