RAVE RESTAURANT GROUP, INC. — Director's Dealing 2004

Jun 23, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIZZA INN INC /MO/ (PZZI)
CIK: 0000718332
Period of Report: 2004-06-22

Reporting Person: CLARK BRYAN K (Sr Vice President, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-22	Common Stock	I	67306	$2.40	Disposed	0	Indirect
2004-06-22	Common Stock	M	30000	$2	Acquired	34000	Direct
2004-06-22	Common Stock	S	30000	$2.76	Disposed	4000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-06-22	Stock Options (Right to Buy)	$2.00	M	30000	Disposed	2007-05-03	Common Stock (30000)	Direct

Footnotes

F1: A sale of shares by the Pizza Inn 401(k) Plan administrator. Shares acquired in Pizza Inn Plan at prices from $0.90 to $5.54 per share. Based on plan information dated June 21, 2004.