NATHANS FAMOUS, INC. — Director's Dealing 2007

Sep 18, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATHANS FAMOUS INC (NATH)
CIK: 0000069733
Period of Report: 2007-09-17

Reporting Person: PETROCELLI ATTILIO (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-17	2001 Stock Option Plan (Option to Buy)	$17.43	A	10000	Acquired	2012-09-16	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	83500	Direct

Footnotes

F1: Options vest 33.33% on each of the first through third anniversaries of the grant date.

F2: Does not include options to purchase 17,500 shares under the 1998 Stock Option Plan, options to purchase 15,000 shares under the 2002 Stock Incentive Plan and additional options to purchase 20,000 shares under the 2001 Stock Incentive Plan.