X0202 4 2006-02-03 0 0000078916 PIZZA INN INC PZZI 0000932334 NEWCASTLE PARTNERS L P 300 CRESCENT COURT STE 1110 DALLAS TX 75201 0 0 1 0 0001251296 NEWCASTLE CAPITAL MANAGEMENT LP 300 CRESCENT COURT STE 1110 DALLAS TX 75201 0 0 1 0 0001251293 NEWCASTLE CAPITAL GROUP LLC 300 CRESCENT COURT STE 1110 DALLAS TX 75201 0 0 1 0 0001208889 SCHWARZ MARK E 300 CRESCENT COURT STE 1110 DALLAS TX 75201 0 0 1 0 Common Stock, $.001 par value per share 2006-02-03 4 P 0 40000 2.77 A 3906754 D Common Stock, $.001 par value per share 2006-02-06 4 P 0 2000 2.78 A 3908754 D 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 13(d) 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. Excludes 20,000 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 Newcastle Partners, L.P., By: Newcastle Capital Management, L.P., its general partner, By: Newcastle Capital Group, L.L.C. its general partner, by:/s/ Mark E. Schwarz, its managing member 2006-02-07 Newcastle Capital Management, L.P., By: Newcastle Capital Group, L.L.C. its general partner, By: /s/ Mark E. Schwarz, its managing member 2006-02-07 Newcastle Capital Group, L.L.C., By: /s/ Mark E. Schwarz, its managing member 2006-02-07 /s/ Mark E. Schwarz 2006-02-07 /s/ Steven J. Pully 2006-02-07