NATHANS FAMOUS, INC. — Director's Dealing 2011

Mar 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATHANS FAMOUS INC (NATH)
CIK: 0000069733
Period of Report: 2011-03-04

Reporting Person: GENSON BRIAN S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-04	Common Stock	M	7500	$3.33	Acquired	7500	Direct
2011-03-04	Common Stock	S	100	$17.56	Disposed	7400	Direct
2011-03-04	Common Stockcok	S	100	$17.53	Disposed	7300	Direct
2011-03-04	Common Stock	S	100	$17.52	Disposed	7200	Direct
2011-03-04	Common Stock	S	2700	$17.5	Disposed	4500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-04	1992 Stock Option Plan (Option to Buy)	$3.33	M	7500	Disposed	2011-06-14	Common Stock (7500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1567	Indirect
Common Stock	1567	Indirect

Footnotes

F1: These shares are held in a trust for the benefit of the reporting person's son. The reporting person is the trustee of the trust.

F2: These shares are held in a trust for the benefit of the reporting person's daughter. The reporting person is the trustee of the trust.

F3: Does not include options to purchase 30,000 shares under the 2001 Stock Option Plan and options to purchase 15,000 shares under the 2002 Stock Incentive Plan.