NATHANS FAMOUS, INC. — Director's Dealing 2007

Aug 14, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATHANS FAMOUS INC (NATH)
CIK: 0000069733
Period of Report: 2007-08-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-10	Common Stock	S	300	$16.29	Disposed	12200	Direct
2007-08-10	Common Stock	S	100	$16.45	Disposed	12100	Direct
2007-08-10	Common Stock	S	100	$16.26	Disposed	12000	Direct
2007-08-10	Common Stock	S	307	$16.30	Disposed	11693	Direct
2007-08-10	Common Stock	S	93	$16.35	Disposed	11600	Direct
2007-08-10	Common Stock	S	100	$16.31	Disposed	11500	Direct
2007-08-13	Common Stock	S	1800	$18.00	Disposed	9700	Direct
2007-08-14	Common Stock	S	200	$18.02	Disposed	9500	Direct
2007-08-14	Common Stock	S	200	$18.06	Disposed	9300	Direct
2007-08-14	Common Stock	S	1299	$17.50	Disposed	8001	Direct
2007-08-14	Common Stock	S	301	$18.01	Disposed	7700	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 (192558)	192558	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