SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
GOOD TASTING LLC

(Last) (First) (Middle)
1250 FOURTH STREET

(Street)
SANTA MONICA CA 90401

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GRILL CONCEPTS INC [ GRIL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/16/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/16/2007 P 113,560 A $7 113,560 D(1)(2)(3)
Common Stock 923,873 I(1)(2)(3) By Eaturna LLC
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Warrants (right to buy) $8.05 07/16/2007 P 39,746 07/16/2007 07/16/2012 Common Stock 39,746 $0.125 39,746 D(2)(3)
1. Name and Address of Reporting Person*
GOOD TASTING LLC

(Last) (First) (Middle)
1250 FOURTH STREET

(Street)
SANTA MONICA CA 90401

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
EATURNA LLC

(Last) (First) (Middle)
8635 KITTYHAWK AVENUE

(Street)
LOS ANGELES CA 90045

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
EATURNA HOLDINGS LLC

(Last) (First) (Middle)
1250 FOURTH STREET

(Street)
SANTA MONICA CA 90401

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
MILKEN LORI A

(Last) (First) (Middle)
1250 FOURTH STREET

(Street)
SANTA MONICA CA 90401

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
MILKEN MICHAEL R

(Last) (First) (Middle)
1250 FOURTH STREET

(Street)
SANTA MONICA CA 90401

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Eaturna LLC ("Eaturna") is the record holder of 923,873 shares of common stock of the Issuer. Together, Eaturna Holdings LLC ("Eaturna Holdings") and Good Tasting LLC ("Good Tasting") have the power to elect a majority of the members of the board of directors of Eaturna, and in such capacity may be deemed to share beneficial ownership of any of the shares of common stock of the Issuer owned of record by Eaturna, but disclaim beneficial ownership of these securities, except to the extent of their respective pecuniary interests therein.
2. On July 16, 2007, Good Tasting purchased 113,560 shares of common stock ("shares") and 39,746 warrants to purchase common stock ("warrants") of the Issuer. As the sole member of Good Tasting, Lori A. Milken may be deemed to share beneficial ownership of any of the shares (including warrants) that Good Tasting may beneficially own or be deemed to beneficially own, but disclaims beneficial ownership of these securities, except to the extent of her pecuniary interest therein. Michael R. Milken is the spouse of Ms. Milken. Mr. Milken may be deemed to share the power to vote and dispose of any of the shares of common stock of the Issuer that Ms. Milken, Eaturna Holding or Good Tasting may beneficially own or be deemed to beneficially own, but disclaims beneficial ownership of these securities. Mr. Milken does not have any pecuniary interest in the securities.
3. On July 16, 2007, Tuscany Oaks Partners I, LLC ("Tuscany Oaks") purchased 198,000 shares and 69,300 warrants. Mr. Robert Fell is the manager of Tuscany Oaks and also is a member and director of Eaturna. The members of Tuscany Oaks are (i) certain members of Eaturna (or their affiliates) and (ii) an entity in which an affiliate of a member of Eaturna has an economic interest. Eaturna, Eaturna Holdings, Good Tasting, Lori Milken, Michael Milken, Tuscany Oaks and Mr. Fell may be deemed to be a "group" for purposes of Section 13 of the Securities Exchange Act of 1934. Mr. Milken disclaims that he is a member of a group with the other Reporting Persons with respect to such Shares. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, or otherwise, a Reporting Person is the beneficial owner of equity securities covered by this statement that are beneficially owned, directly or indirectly, by any other person.
/s/ Ralph Finerman, Manager of Good Tasting LLC 07/16/2007
/s/ Robert M. Fell, Chairman Eaturna LLC 07/16/2007
/s/ Ralph Finerman, Manager of Eaturna Holdings LLC 07/16/2007
/s/ Lori A. Milken, as individual 07/16/2007
/s/ Michael R. Milken, as individual 07/16/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.