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RAVE RESTAURANT GROUP, INC. Director's Dealing 2009

Mar 30, 2009

34616_dirs_2009-03-30_7b78b8cd-9085-410c-a279-ffe51b933ca1.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: 2009-03-26

Reporting Person: AMERICAN HALLMARK INSURANCE Co OF TEXAS (See Explanation)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-03-26 Common Stock, $.001 par value per share P 16114 $1.05 Acquired 49045 Direct
2009-03-27 Common Stock, $.001 par value per share P 2300 $1.01 Acquired 51345 Direct

Footnotes

F1: The Reporting Person is also a member of a "group" for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended and accordingly may be deemed to beneficially own Shares of the Issuer's Common Stock owned in the aggregate by the other members of the Section 13(d) group. The Group consists of Newcastle Partners, L.P., Newcastle Capital Management, L.P., Newcastle Capital Group, L.L.C., Mark Schwarz, Clinton Coleman, Hallmark Financial Services, Inc. and the Reporting Person. The Reporting Person disclaims beneficial ownership of the shares of the Issuer's Common stock owned by the other members of the Section 13(d) group except to the Extent of its pecuniary interest therein.