NATHANS FAMOUS, INC. — Director's Dealing 2008

Dec 11, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATHANS FAMOUS INC (NATH)
CIK: 0000069733
Period of Report: 2008-12-10

Reporting Person: NORBITZ WAYNE (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-10	Common Stock	A	20000	$3.3438	Acquired	121000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-10	1998 Stock Option Plan	$3.3438	M	20000	Disposed	2009-10-28	Common Stock (20000)	Direct

Footnotes

F1: Includes 3,000 shares held in the estates of Mr. Norbitz's parents, for which he serves as executor.

F2: Does not include options to purchase 30,000 shares under the 2001 Stock Plan, and options to purchase 25,000 shares under the 2002 Stock Incentive Plan.