RAVE RESTAURANT GROUP, INC. — Director's Dealing 2011

Aug 26, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIZZA INN INC /MO/ (PZZI)
CIK: 0000718332
Period of Report: 2011-08-25

Reporting Person: Morrison Charles R (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-25	COMMON STOCK	P	100	$3.00	Acquired	22871	Direct
2011-08-26	COMMON STOCK	P	1900	$3.00	Acquired	24771	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-25	EMPLOYEE STOCK OPTION (right to buy)	$1.89	A	200	Acquired	2020-09-20	Common Stock (200)	Direct
2011-08-26	EMPLOYEE STOCK OPTION (right to buy)	$1.89	A	3800	Acquired	2020-09-20	Common Stock (3800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	6710	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
EMPLOYEE STOCK OPTION (right to buy)	$2.23	2017-09-25	Common Stock (100000)	100000	Direct
EMPLOYEE STOCK OPTION (right to buy)	$2.91	2017-12-20	Common Stock (50000)	50000	Direct
EMPLOYEE STOCK OPTION (right to buy)	$2.51	2018-08-20	Common Stock (75000)	75000	Direct

Footnotes

F1: Represents employee stock options exercisable as to 10,000, 20,000, 30,000 and 40,000 shares on September 25, 2008, 2009, 2010 and 2011, respectively.

F2: Represents employee stock options exercisable as to 5,000, 10,000, 15,000 and 20,000 shares on December 20, 2008, 2009, 2010 and 2011, respectively.

F3: Represents employee stock options exercisable as to 7,500, 15,000, 22,500 and 30,000 shares on August 20, 2009, 2010, 2011 and 2012, respectively.

F4: Represents employee stock options conditionally granted on September 20, 2010, and exercisable as to 10%, 20%, 30% and 40% of shares on September 20, 2011, 2012, 2013 and 2014, respectively.