RAVE RESTAURANT GROUP, INC. — Director's Dealing 2016

Oct 5, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAVE RESTAURANT GROUP, INC. (RAVE)
CIK: 0000718332
Period of Report: 2016-09-29

Reporting Person: MULLANY TIMOTHY E (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-29	COMMON STOCK	S	915	$3.04	Disposed	23185	Direct
2016-10-04	COMMON STOCK	S	1205	$3.00	Disposed	21980	Direct
2016-10-05	COMMON STOCK	S	11000	$3.03	Disposed	10980	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$	2018-10-15	Common Stock ()	20050	Direct
Employee Stock Option (right to buy)	$6.03	2024-05-05	Common Stock (50000)	50000	Direct
Employee Stock Option (right to buy)	$6.03	2024-05-05	Common Stock (50000)	50000	Direct

Footnotes

F1: Represents the weighted average purchase price of transactions effected at prices ranging from $3.02 per share to $3.11 per share. Upon written request by the SEC, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

F2: Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on multiple financial metrics which, if at least minimum criteria are achieved, may yield from 50% to 150% of a share of common stock per restricted stock unit.

F3: Represents employee stock options conditionally granted on May 5, 2014, and exercisable as to 10%, 20%, 30% and 40% of the shares on May 5, 2015, 2016, 2017 and 2018, respectively.

F4: Represents employee stock options exercisable as to 5,000, 10,000, 15,000 and 20,000 shares on May 5, 2015, 2016, 2017 and 2018, respectively.