CREATIVE REALITIES, INC. — Director's Dealing 2007

Feb 6, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WIRELESS RONIN TECHNOLOGIES INC (RNIN)
CIK: 0001356093
Period of Report: 2007-02-02

Reporting Person: Schnell William F (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-02	Stock Option (right to buy)	$4.00	A	40000	Acquired	2011-02-27	Common Stock (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18333	Direct
Common Stock	69622	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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 (2777)	2777	Indirect
Warrant to purchase Common Stock	$9.00	2010-06-23	Common Stock (2083)	2083	Direct
Warrant to Purchase Common Stock	$9.00	2010-11-04	Common Stock (2777)	2777	Indirect

Footnotes

F1: SHAG LLC, a Minnesota limited liability company, is the direct beneficial owner of 69,622 shares of common stock and 11,109 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.

F2: Granted under the Company's 2006 Non-Employee Director Stock Option Plan, which was approved by the Company's shareholders on February 2, 2007, pursuant to the requirements of Rule 16b-3.

F3: This option vests to the extent of 10,000 shares on February 2, 2007, and 10,000 shares upon the reporting person's reelection to the board each year thereafter.