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

Feb 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIZZA INN HOLDINGS, INC /MO/ (PZZI)
CIK: 0000718332
Period of Report: 2012-02-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-15	COMMON STOCK	P	3760	$4.80	Acquired	3760	Direct
2012-02-15	COMMON STOCK	P	4870	$4.81	Acquired	8630	Direct
2012-02-16	COMMON STOCK	P	3870	$4.81	Acquired	12500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-15	Employee Stock Option (right to buy)	$5.51	A	34520	Acquired	2021-10-04	Common Stock (34520)	Direct
2012-02-16	Employee Stock Option (right to buy)	$5.51	A	15480	Acquired	2021-10-04	Common Stock (34520)	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

Footnotes

F1: 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.

F2: Represents employee stock options conditionally granted on January 3, 2012, and exercisable as to 10%, 20%, 30% and 40% on October 4, 2012, 2013, 2014 and 2015, respectively.