NATHANS FAMOUS, INC. — Director's Dealing 2008

Feb 15, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATHANS FAMOUS INC (NATH)
CIK: 0000069733
Period of Report: 2008-02-13

Reporting Person: PETROCELLI ATTILIO (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-13	Common Stock	A	7500	$3.9375	Acquired	91000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-13	1998 Stock Option Plan	$3.9375	M	7500	Disposed	2008-04-05	Common Stock (7500)	Direct

Footnotes

F1: Does not include options to purchase 30,000 shares under the 2001 Stock Incentive Plan, options to purchase 15,000 shares under the 2002 Stock Incentive Plan, or additional options to purchase 10,000 shares under the 1998 Stock Option Plan.