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

Jul 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIZZA INN INC /MO/ (PZZI)
CIK: 0000718332
Period of Report: 2011-06-24

Reporting Person: ELLEFSON NANCY A (VP - Finance, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-24	Common Stock	P	5000	$2.50	Acquired	5000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-24	Employee Stock Option (right to buy)	$1.89	A	10000	Acquired	2020-09-20	Common Stock (10000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$2.51	2018-08-20	Common Stock (15000)	15000	Direct

Footnotes

F1: Represents employee stock options exercisable as to 1,500, 3,000, 4,500 and 6,000 shares on August 20, 2009, 2010, 2011 and 2012, respectively.

F2: 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.