NATHANS FAMOUS, INC. — Director's Dealing 2007

Mar 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATHANS FAMOUS INC (NATH)
CIK: 0000069733
Period of Report: 2007-02-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-28	Common Stock	S	5000	$15.2518	Disposed	12500	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 granted and expire on various dates.