NATHANS FAMOUS, INC. — Director's Dealing 2018

Jan 12, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATHANS FAMOUS INC (NATH)
CIK: 0000069733
Period of Report: 2018-01-10

Reporting Person: EIDE ROBERT J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-10	2010 Stock Incentive Plan (Right to Buy)	$35.576	D	3788	Disposed	2019-08-05	Common Stock (3788)	Direct
2018-01-10	2010 Stock Incentive Plan (Right to Buy)	$33.438	A	4030	Acquired	2019-08-05	Common Stock (4030)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13611	Direct
Common Stock	7500	Indirect

Footnotes

F1: 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.

F2: These shares are owned directly by Isagen, LLC, a limited liability company of which the Reporting Person is the sole member.

F3: In connection with the recent special cash dividend of the Issuer, the Issuer's Compensation Committee approved the exchange of options to purchase 3,788 shares at an exercise price of $35.576 for options to purchase 4,030 shares at an exercise price of $33.438. Pursuant to Article IV(e) of the Issuer's 2010 Stock Incentive Plan, the Compensation Committee has the authority to make appropriate provisions upon the Issuer's declaration of a special cash dividend. The original options vested 25% each on the first through fourth anniversaries of August 6, 2014, the grant date, and the new options will have the same vesting terms and expiration date as the original grant.