CHAPDELAINE GEORGE R 4

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

Form 4

Period: 2006-12-22

DirectorChief Executive Officer10% Owner

Transactions

Disposition to Issuer
Common Stock
2006-12-22$2.00/sh−522,390$1,044,780→ 0 total
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: 2006-09-14→ Common Stock (10,000 underlying)
Exercise Out-of-Money
Option to Purchase Common Stock
2006-12-22$1.12/sh−50,000$55,840→ 0 total
Exercise: $1.17From: 1997-04-28Exp: 2007-04-28→ Common Stock (50,000 underlying)
Disposition to Issuer
Common Stock
2006-12-22$1.00/sh−208,000$208,000→ 0 total
Disposition to Issuer
Common Stock
2006-12-22−730,390→ 0 total
Exercise Out-of-Money
Option to Purchase Common Stock
2006-12-22$0.80/sh−10,000$8,000→ 0 total
Exercise: $0.80From: 2002-09-15Exp: 2007-03-14→ Common Stock (10,000 underlying)
Exercise of In-Money
Option to Purchase Common Stock
2006-12-22$0.41/sh−50,000$20,350→ 0 total
Exercise: $0.41From: 2005-03-10Exp: 2014-09-09→ Common Stock (50,000 underlying)

Footnotes (9)

[F1]Stock issued pursuant to S-2 Registration effective March 26, 1998. ("The Rights Offering").
[F2]Voting Trust dissolved and beneficial interest of George R. Chapdelaine transfer to Mr. Chapdelaine as direct owner.
[F3]In lieu of cash compensation for FY 1998
[F4]Grant to reporting person of option to purchase 10,000 shares of Common Stock of the Issuer under the issuer's 1994 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 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]Pledged as collateral to a loan.
[F8]Grant to reporting person of option to purchase 50,000 shares of Common Stock of the Issuer under the issuer's 2002 Combination Stock Option and Share Award Plan.
[F9]Issued and vested in according wtih Mr. Chapdealine's employment contract.

Documents

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