NATHANS FAMOUS, INC. — Director's Dealing 2017

Sep 20, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATHANS FAMOUS INC (NATH)
CIK: 0000069733
Period of Report: 2017-09-19

Reporting Person: EIDE ROBERT J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-19	Common Stock	M	11361	$35.576	Acquired	19473	Direct
2017-09-19	Common Stock	F	5862	$68.95	Disposed	13611	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-09-19	2010 Stock Incentive Plan (Right to Buy)	$35.576	M	11361	Disposed	2019-08-05	Common Stock (11361)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7500	Indirect

Footnotes

F1: These shares were acquired through the exercise of stock options granted on August 6, 2014 pursuant to the Issuer's 2010 Stock Incentive Plan.

F2: Does not include 250,000 shares held by Lorber Alpha II LP, for which the Reporting Person is an officer and director of its general partner and a trustee of the controlling shareholders of such entity. Mr. Eide does not have a pecuniary interest in the shares held by Lorber Alpha II LP.

F3: Transaction represents withholding of shares based on net exercise to satisfy exercise cost.

F4: These shares are owned directly by Isagen, LLC, a limited liability company of which the Reporting Person is the sole member.

F5: These options to purchase shares replaced options to purchase 10,000 shares at an exercise price of $53.89, in connection with a 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 in four equal installments beginning on August 6, 2015, and these replacement options have the same vesting terms and expiration date as the original grant.