MCGOWAN EUGENE E 4

4 · GRANITE CITY FOOD & BREWERY LTD · Filed Jan 4, 2010

Form 4

Period: 2010-01-01

Director

Transactions

Award
Stock Option (right to buy)
2010-01-01+15,000→ 15,000 total
Exercise: $0.29From: 2011-01-01Exp: 2020-01-01→ Common Stock (15,000 underlying)

Holdings

Warrant to purchase Common Stock
(indirect: see footnote)
Exercise: $0.25From: 2009-09-30Exp: 2014-03-30→ Common Stock (160,000 underlying)
160,000
Common Stock
198,254
9% Convertible Promissory Note
(indirect: see footnote)
Exercise: $0.50From: 2009-03-30Exp: 2010-10-01→ Common Stock (160,000 underlying)
160,000
Common Stock
(indirect: see footnote)
15,128
Stock Option (right to buy)
Exercise: $0.33From: 2010-01-01Exp: 2019-01-01→ Common Stock (15,000 underlying)
15,000
Warrant to purchase Common Stock
(indirect: see footnote)
Exercise: $0.26Exp: 2014-02-06→ Common Stock (5,162 underlying)
5,162

Footnotes (7)

[F1]Held by Granite Partners, L.L.C.
[F2]This option was granted under the Company's Amended and Restated Equity Incentive Plan, which meets the requirements of Rule 16b-3.
[F3]Held by Harmony Equity Income Fund, L.L.C. Mr. McGowan may be deemed to have indirect beneficial ownership over the shares held by such entity based on his beneficial ownership and management thereof.
[F4]Held by Harmony Equity Income Fund II, L.L.C. Mr. McGowan may be deemed to have indirect beneficial ownership over the shares held by such entity based on his beneficial ownership and management thereof.
[F5]Share amount and exercise price reflect anti-dilution adjustments made during 2009.
[F6]The warrant is exercisable only upon satisfaction of Dunham Capital Managment, L.L.C.'s covenants under that certain rent reduction agreement referenced in the warrant. At the time of this filing, the covenants have not been satisfied.
[F7]Held by Henkin-McGowan Investments, LLC. Mr. McGowan may be deemed to have indirect beneficial ownership over the shares held by such entity based on his beneficial ownership and management thereof.

Documents

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