NATHANS FAMOUS, INC. — Director's Dealing 2015

Jun 18, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATHANS FAMOUS INC (NATH)
CIK: 0000069733
Period of Report: 2015-06-17

Reporting Person: EIDE ROBERT J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-17	Common Stock	M	3787	$11.72	Acquired	28112	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-17	2010 Stock Incentive Plan (Right to Buy)	$11.72	M	3787	Disposed	2016-06-05	Common Stock (3787)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	75000	Indirect

Footnotes

F1: These shares were acquired through the exercise of stock options granted on June 6, 2011 pursuant to the Issuer's 2010 Stock Incentive Plan.

F2: These shares are held indirectly through Lorber Alpha II LP, for which Robert Eide is an officer and director of its general partner and a trustee of the controlling shareholders of such entity.

F3: These options to purchase shares replaced options to purchase 2,500 shares at an exercise price of $17.75, in connection with the recent special cash dividend of the Issuer and pursuant to Article IV(e) of the Issuer's 2010 Stock Incentive Plan, under which the Issuer's Compensation Committee has the authority to make appropriate provisions upon the Issuer's declaration of a special cash dividend. The original options vested 25% on each of the first through fourth anniversaries of June 6, 2011, the original grant date, and these replacement options have the same vesting terms and expiration date as the original grant.