BOSTON RESTAURANT ASSOCIATES INC 4
4 · BOSTON RESTAURANT ASSOCIATES INC · Filed Dec 27, 2006
Insider Transaction Report
Form 4
GRACE EDWARD P III
Director
Transactions
- Disposition to Issuer
Common Stock
2006-12-22$0.36/sh−5,000$1,800→ 0 total - Disposition to Issuer
Common Stock
2006-12-22$0.41/sh−5,000$2,050→ 0 total - Disposition to Issuer
Common Stock
2006-12-22$0.51/sh−5,000$2,550→ 0 total - Disposition to Issuer
Common Stock
2006-12-22$0.55/sh−5,000$2,750→ 0 total - Disposition to Issuer
Common Stock
2006-12-22$0.55/sh−5,900$3,245→ 0 total - Disposition to Issuer
Series A Particpating Preferred Stock
[F2]2006-12-22$0.85/sh−117,647$100,000→ 0 total - Exercise of In-Money
Option to Purchase Common Stock
[F1]2006-12-22$0.37/sh−100,000$37,000→ 100,000 totalExercise: $0.37From: 2005-03-10Exp: 2014-09-09→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]Grant to reporting person option to purchase 100,000 shares of Common Stock of the Issuer under the issuer's 2002 Combination Stock Option and Share Award Plan.
- [F2]There is no expiration date for the Series A Participating Preferred Stock.
Signature
/s/ Edward P. Grace, III|2006-12-26