NATHANS FAMOUS, INC. — Director's Dealing 2007

Feb 13, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATHANS FAMOUS INC (NATH)
CIK: 0000069733
Period of Report: 2007-02-09

Reporting Person: NORBITZ WAYNE (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-09	Common Stock	M	2270	$3.3438	Acquired	90270	Direct
2007-02-09	Common Stock	S	2270	$14.26	Disposed	88000	Direct
2007-02-12	Common Stock	M	8445	$3.3438	Acquired	96445	Direct
2007-02-12	Common Stock	S	2430	$14.25	Disposed	94015	Direct
2007-02-12	Common Stock	S	70	$14.26	Disposed	93945	Direct
2007-02-12	Common Stock	S	5243	$14.28	Disposed	88702	Direct
2007-02-12	Common Stock	S	400	$14.3	Disposed	88302	Direct
2007-02-12	Common Stock	S	1	$14.32	Disposed	88301	Direct
2007-02-12	Common Stock	S	1	$14.33	Disposed	88300	Direct
2007-02-12	Common Stock	S	101	$14.35	Disposed	88199	Direct
2007-02-12	Common Stock	S	99	$14.38	Disposed	88100	Direct
2007-02-12	Common Stock	S	100	$14.5	Disposed	88000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-09	1998 Stock Option Plan (Right to Buy)	$3.3438	M	2270	Disposed	2009-10-28	Common Stock (2270)	Direct
2007-02-12	1998 Stock Option Plan (Right to Buy)	$3.3438	M	8445	Disposed	2009-10-28	Common Stock (8445)	Direct

Footnotes

F1: Does not include options to purchase 30,000 shares under the 2001 Stock Option Plan and options to purchase 25,000 shares under the 2002 Stock Incentive Plan.