PIZZA INN INC 4
4 · PIZZA INN INC · Filed Dec 27, 2006
Insider Transaction Report
Form 4
PIZZA INN INCPZZI
NEWCASTLE PARTNERS L P
10% Owner
Transactions
- Purchase
Common Stock, $.001 par value per share
2006-12-22$1.80/sh+15,432$27,778→ 4,215,794 total
Footnotes (2)
- [F1]Owned directly by Newcastle Partners, L.P. ("NP"). Newcastle Capital Management, L.P. ("NCM") is the general partner of NP, Newcastle Capital Group, L.L.C. ("NCG") is the general partner of NCM and Mark E. Schwarz ("Schwarz") is the managing member of NCG. Accordingly, each of NCM, NCG and Schwarz may be deemed to beneficially own the shares described herein. The reporting persons are members of a Section 13d group. NP disclaims beneficial ownership of any shares owned by any other member of the group. Schwarz, NCM and NCG disclaim beneficial ownership of the shares owned by NP, except to the extent of their pecuniary interest therein, and any other shares owned by any other member of the group.
- [F2]Excludes 45,000 shares owned beneficially by Schwarz. This Form 4 is jointly filed by NP, NCM, NCG, Schwarz and Steven J. Pully ("Pully") who is an employee of NCM. Schwarz and Pully are each a director of the issuer. Mr. Pully disclaims beneficial ownership of shares of the issuer held by any other member of the group.