REGIS CORP — Director's Dealing 2012

Nov 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: REGIS CORP (RGS)
CIK: 0000716643
Period of Report: 2012-10-31

Reporting Person: Smith Gregory Howard (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-31	Common Stock	P	132630	$16.3682	Acquired	880210	Indirect
2012-10-31	Common Stock	P	510000	$16.3682	Acquired	4245983	Indirect
2012-10-31	Common Stock	P	698051	$16.3682	Acquired	2733568	Indirect
2012-11-01	Common Stock	P	26779	$16.6534	Acquired	906989	Indirect
2012-11-01	Common Stock	P	15000	$16.6534	Acquired	4260983	Indirect
2012-11-01	Common Stock	P	140942	$16.6534	Acquired	2874510	Indirect
2012-11-02	Common Stock	P	30591	$16.9721	Acquired	937580	Indirect
2012-11-02	Common Stock	P	421009	$16.9721	Acquired	3295519	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $16.01 to $16.65, inclusive. The reporting person undertakes to provide to Regis Corporation, any security holder of Regis Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1), (5) and (6) to this Form 4.

F2: These securities are owned directly by Birch Run Capital Partners, L.P., Walnut BRC, L.P. and Torch BRC, L.P. (collectively, "the Funds"). As of the date of this filing: Birch Run Capital Partners, L.P. is the record owner of 937,580 shares; Walnut BRC, L.P. is the record owner of 4,260,983 shares; and Torch BRC, L.P. is the record owner of 3,295,519 shares.

F3: Birch Run Capital GP, LLC serves as the General Partner to Birch Run Capital Partners, L.P. Walnut BRC GP, LLC serves as the General Partner to Walnut BRC, L.P. Torch BRC GP, LLC serves as the General Partner to Torch BRC, L.P. (collectively, "the General Partners"). Birch Run Capital, LLC ("Birch") serves as the registered investment adviser to the Funds. Daniel Beltzman and Gregory Smith are the co-Managing Members of Birch Run Capital, LLC and the General Partners. Daniel Beltzman, Gregory Smith, the Funds, Birch and the General Partners may be deemed to share voting and dispositive power over the reported securities.

F4: Each of Gregory Smith, Daniel Beltzman, the Funds, Birch, and the General Partners disclaim beneficial ownership of any interests of the reported securities in excess of such person's or entity's respective pecuniary interest in the securities. This report shall not be deemed an admission that Gregory Smith, Daniel Beltzman, the Funds, Birch or each of the General Partners is the beneficial owner of such interests for purposes of Section 16 or any other purpose.

F5: The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $16.45 to $16.70, inclusive.

F6: The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $16.50 to $17.25, inclusive.