X0201 4 2003-08-08 0 0001123596 BAB INC BABB 0001055798 EVANS MICHAEL W 8501 W HIGGINS SUITE 320 CHICAGO IL 60631 1 1 1 0 Chief Executive Officer Common stock, $0.001 par value 2003-08-08 4 P 0 80000 0.0525 A 622912 D Common stock, $0.001 par value 2003-08-08 4 P 0 13333 0.0688 A 636245 D Common stock, $0.001 2003-08-08 4 P 0 26667 0.0725 A 662912 D Common stock, $0.001 par value 2003-08-08 4 F 0 14388 D 648524 D Common stock 2003-08-08 4 P 0 0 0 A 2096195 I Manager of Holdings Investments, LLC Incentive stock options 0.0525 2003-08-08 4 X 0 80000 0.0525 D 2001-12-19 2011-12-19 Common stock 80000 0 D Incentive stock options 0.0688 2003-08-08 4 X 0 13333 0.0688 D 2003-05-23 2012-05-23 Common stock 13333 26667 D Incentive stock option 0.0725 2003-08-08 4 X 0 26667 0.0725 D 2002-12-01 2012-12-01 Common stock 26667 53333 D bought at various prices Note: Table II reflects the unexercised options to purchase common stock as of the date of this filing. Michael W. Evans 2003-08-11