RAVE RESTAURANT GROUP, INC. — Director's Dealing 2012

Aug 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIZZA INN HOLDINGS, INC /MO/ (PZZI)
CIK: 0000718332
Period of Report: 2012-07-30

Reporting Person: Trojan Jerome L. III (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-30	Employee Stock Option (right to buy)	$2.36	A	25000	Acquired	2022-07-30	Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	17401	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$5.51	2022-01-03	Common Stock (25000)	25000	Direct
Employee Stock Option (right to buy)	$5.51	2021-10-04	Common Stock (50000)	50000	Direct

Footnotes

F1: Represents employee stock options exercisable as to 2,500, 5,000, 7,500 and 10,000 shares on July 30, 2013, 2014, 2015 and 2016, respectively.

F2: Represents employee stock options exercisable as to 2,500, 5,000, 7,500 and 10,000 shares on January 3, 2013, 2014, 2015 and 2016, respectively.

F3: Represents employee stock options exercisable as to 5,000, 10,000, 15,000 and 20,000 shares on October 4, 2012, 2013, 2014 and 2015, respectively.