DEVINE HUGH T 4

4 · BOSTON RESTAURANT ASSOCIATES INC · Filed Dec 27, 2006

Form 4

Period: 2006-12-22

Director

Transactions

Exercise Out-of-Money
Option to Purchase Common Stock
2006-12-22$1.00/sh−10,000$10,000→ 0 total
Exercise: $1.00From: 2000-09-15Exp: 2009-03-14→ Common Stock (10,000 underlying)
Exercise of In-Money
Option to Purchase Common Stock
2006-12-22$0.37/sh−50,000$18,500→ 0 total
Exercise: $0.37From: 2005-03-10Exp: 2014-09-09→ Common Stock (50,000 underlying)
Exercise of In-Money
Option to Purchase Common Stock
2006-12-22$0.62/sh−10,000$6,200→ 0 total
Exercise: $0.62From: 2002-03-15Exp: 2011-09-14→ Common Stock (10,000 underlying)

Footnotes (7)

[F1]Grant to reporting person of option to purchase 10,000 shares of Common Stock of the Issuer under the issuer's 1994 Non-Employee Director, as amended on March 8, 1996.
[F2]Grant to reporting person of option to purchase 10,000 shares of Common Stock of the Issuer under the issuer's 1994 Non-Employee Director Plan, as amended on March 8, 1996.
[F3]Grant to reporting person of option to purchase 10,000 shares of Common Stock of the Issuer under the issuer's 1994 Non-Employee Director Plan, as amended on March 8, 1996.
[F4]Grant to reporting person of option to purchase 10,000 shares of Common Stock of the Issuer under the issuer's 1994 Non-Employee Director Plan, as amended on March 8, 1996.
[F5]Grant to reporting person of option to purchase 10,000 shares of Common Stock of the Issuer under the issuer's 1994 Non-Employee Director Plan, as amended on March 8, 1996.
[F6]Grant to reporting person of option to purchase 10,000 shares of Common Stock of the Issuer under the issuer's 2002 Combination Stock Option and Share Award Plan.
[F7]Grant to reporting person of option to purchase 10,000 shares of Common Stock of the Issuer under the issuer's 2002 Combination Stock Option Share Award Plan

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