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RAVE RESTAURANT GROUP, INC. Director's Dealing 2003

Sep 24, 2003

34616_dirs_2003-09-24_652f5161-bfc4-4ea2-b15a-2967bdc7ba2e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIZZA INN INC /MO/ (PZZI)
CIK: 0000718332
Period of Report: 2003-09-23

Reporting Person: SHOEMAKE JAMES (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-23	Common Stock, $.01 par value	M	8600	$2.70	Disposed	1410	Direct
2003-09-23	Common Stock, $.01 par value	M	1000	$2.92	Disposed	410	Direct
2003-09-23	Common Stock, $.01 par value	M	400	$2.71	Disposed	10	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-23	Stock Options (Right to Buy)	$2.00	M	10000	Acquired	2008-05-03	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.01 par value	1135	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$3.44	2006-06-16	Common Stock (3000)	3000	Direct
Stock Options (Right to Buy)	$3.44	2006-06-16	Common Stock (1000)	1000	Direct
Stock Options (Right to Buy)	$3.44	2006-06-16	Common Stock (1000)	1000	Direct
Stock Options (Right to Buy)	$3.44	2006-06-16	Common Stock (1000)	1000	Direct
Stock Options (Right to Buy)	$3.56	2007-07-03	Common Stock (3000)	3000	Direct
Stock Options (Right to Buy)	$2.00	2008-05-03	Common Stock (10000)	10000	Direct