NATHANS FAMOUS, INC. — Director's Dealing 2007

Sep 10, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATHANS FAMOUS INC (NATH)
CIK: 0000069733
Period of Report: 2007-09-07

Reporting Person: PERLYN DONALD L (Director, Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-07	Common Stock	S	700	$16.76	Disposed	2013	Direct
2007-09-07	Common Stock	S	900	$16.75	Disposed	1113	Direct
2007-09-07	Common Stock	S	300	$16.82	Disposed	813	Direct
2007-09-07	Common Stock	S	413	$16.83	Disposed	400	Direct
2007-09-07	Common Stock	S	300	$16.77	Disposed	100	Direct
2007-09-07	Common Stock	S	100	$16.78	Disposed	0	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
2002 Stock Option Plan	$		Common Stock (40000)	40000	Direct
Stock Options	$3.1875	2009-09-30	Common Stock (167558)	167558	Direct

Footnotes

F1: options granted under the 2002 Stock Option Plan have various exercise prices

F2: options granted under the 2002 Stock Option Plan were granted and expire on various dates

F3: options were issued on October 1, 1999 to replace reporting person's options to acquire shares of Miami Subs Corporation ("MSC") in connection with the acquisition of MSC.