NATHANS FAMOUS, INC. — Director's Dealing 2004

Jun 23, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NATHANS FAMOUS INC (NATH)
CIK: 0000069733
Period of Report: 2004-06-15

Reporting Person: Watts Randy (VP of Franchise Operations)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
2002 Stock Incentive Plan (Right to Buy)	$5.62	2014-06-14	Comon Stock (10000)		Direct
1992 Stock Option Plan (Right to Buy)	$3.20	2011-10-30	Common Stock (7500)		Direct
1992 Stock Option Plan (Right to Buy)	$3.9375	2008-04-05	Common Stock (2500)		Direct

Footnotes

F1: Options vest 33 1/3% on 6/15/05, 6/15/06 and 6/15/07.

F2: Options vest 25% on 10/31/02, 10/31/03, 10/31/04 and 10/31/05.

F3: Options vested 50% on each of 4/6/99 and 4/6/00.