GRANITE CITY FOOD & BREWERY LTD 4

4 · GRANITE CITY FOOD & BREWERY LTD · Filed Feb 6, 2008

Form 4

Period: 2008-02-05

DirectorPresident/CEO

Transactions

Holdings

Common Stock
93,447
Stock Option (right to buy)
Exercise: $4.31Exp: 2015-03-15→ Common Stock (150,000 underlying)
150,000
Stock Option (right to buy)
Exercise: $4.00Exp: 2009-12-14→ Common Stock (20,000 underlying)
20,000
Stock Option (right to buy)
Exercise: $1.65From: 2001-12-31Exp: 2011-12-30→ Common Stock (25,000 underlying)
25,000
Stock Option (right to buy)
Exercise: $3.62Exp: 2013-10-24→ Common Stock (50,000 underlying)
50,000
Stock Option (right to buy)
Exercise: $2.45Exp: 2013-02-11→ Common Stock (30,000 underlying)
30,000
Stock Option (right to buy)
Exercise: $6.20Exp: 2017-04-13→ Common Stock (100,000 underlying)
100,000

Footnotes (7)

[F1]Brewing Ventures LLC, a Minnesota limited liability company, distributed 100,000 shares of the issuer's Common Stock to Mitchel I. Wachman, one of Brewing Ventures' members, in a pro rata redemption of approximately half of his 16% interest in Brewing Ventures.
[F2]Brewing Ventures LLC, is the direct owner of 1,146,875 shares. Steven J. Wagenheim and Arthur E. Pew III are members of Brewing Ventures LLC and collectively own approximately 72.5% of its membership interests. As a result, the Reporting Person may be deemed to be the indirect beneficial owner of such securities.
[F3]This option vests in three equal annual installments beginning on April 13, 2008.
[F4]This option vested with respect to 75,000 shares on March 15, 2005, vested with respect to 50,000 shares on March 15, 2007, and vests with respect to 25,000 shares on March 15, 2008.
[F5]This option vested in four equal annual installments beginning on October 24, 2004.
[F6]This option vested in four equal annual installments beginning on February 11, 2003.
[F7]This option vested in two equal annual installments beginning on December 14, 2000.

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