NATHANS FAMOUS, INC. — Director's Dealing 2006

Mar 8, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATHANS FAMOUS INC (NATH)
CIK: 0000069733
Period of Report: 2006-03-06

Reporting Person: LEISTNER BARRY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-06	Common Stock	M	10000	$3.20	Acquired	10000	Direct
2006-03-06	Common Stock	M	900	$3.9375	Acquired	10900	Direct
2006-03-06	Common Stock	S	2000	$11.32	Disposed	8900	Direct
2006-03-06	Common Stock	S	300	$11.35	Disposed	8600	Direct
2006-03-06	Common Stock	S	2000	$10.80	Disposed	6600	Direct
2006-03-06	Common Stock	S	1800	$10.88	Disposed	4800	Direct
2006-03-06	Common Stock	S	500	$10.94	Disposed	4300	Direct
2006-03-06	Common Stock	S	3000	$10.9467	Disposed	1300	Direct
2006-03-06	Common Stock	S	1100	$11.02	Disposed	200	Direct
2006-03-06	Common Stock	S	66	$10.78	Disposed	134	Direct
2006-03-06	Common Stock	S	100	$10.85	Disposed	34	Direct
2006-03-06	Common Stock	S	34	$11.30	Disposed	0	Direct
2006-03-07	Common Stock	M	6600	$3.9375	Acquired	6600	Direct
2006-03-07	Common Stock	M	10000	$3.3438	Acquired	16600	Direct
2006-03-07	Common Stock	M	10000	$3.96	Acquired	26600	Direct
2006-03-07	Common Stock	M	6667	$3.81	Acquired	33267	Direct
2006-03-07	Common Stock	S	10610	$10.80	Disposed	22657	Direct
2006-03-07	Common Stock	S	8843	$10.75	Disposed	13814	Direct
2006-03-07	Common Stock	S	2150	$10.85	Disposed	11664	Direct
2006-03-07	Common Stock	S	1690	$10.73	Disposed	9974	Direct
2006-03-07	Common Stock	S	1000	$10.807	Disposed	8974	Direct
2006-03-07	Common Stock	S	250	$10.804	Disposed	8724	Direct
2006-03-07	Common Stock	S	900	$10.95	Disposed	7824	Direct
2006-03-07	Common Stock	S	200	$10.855	Disposed	7624	Direct
2006-03-07	Common Stock	S	1400	$10.86	Disposed	6224	Direct
2006-03-07	Common Stock	S	600	$10.87	Disposed	5624	Direct
2006-03-07	Common Stock	S	300	$10.773	Disposed	5324	Direct
2006-03-07	Common Stock	S	200	$10.98	Disposed	5124	Direct
2006-03-07	Common Stock	S	600	$10.88	Disposed	4524	Direct
2006-03-07	Common Stock	S	400	$10.90	Disposed	4124	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-06	1998 Stock Option Plan	$3.20	M	10000	Disposed	2006-10-23	Common Stock (10000)	Direct
2006-03-06	1998 Stock Option Plan	$3.9375	M	900	Disposed	2008-04-05	Common Stock (900)	Direct
2006-03-07	1998 Stock Option Plan	$3.9375	M	6600	Disposed	2008-04-05	Common Stock (6600)	Direct
2006-03-07	1998 Stock Option Plan	$3.3438	M	10000	Disposed	2009-10-28	Common Stock (10000)	Direct
2006-03-07	2001 Stock Option Plan	$3.96	M	10000	Disposed	2012-06-16	Common Stock (10000)	Direct
2006-03-07	2001 Stock Option Plan	$3.81	M	6667	Disposed	2013-06-19	Common Stock (6667)	Direct