X0306 4 2016-02-16 0000718332 RAVE RESTAURANT GROUP, INC. RAVE 0001605623 MULLANY TIMOTHY E 3551 PLANO PARKWAY THE COLONY TX 75056 0 1 0 0 Chief Financial Officer COMMON STOCK 2016-02-16 4 S 0 2000 5.00 D 24100 D Restricted Stock Units 2018-10-15 2018-10-15 Common Stock 20050 D Employee Stock Option (right to buy) 6.03 2024-05-05 Common Stock 50000 50000 D Employee Stock Option (right to buy) 6.03 2024-05-05 Common Stock 50000 50000 D Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on multiple financial metrics which, if at least minimum criteria are achieved, may yield from 50% to 150% of a share of common stock per restricted stock unit. Represents employee stock options conditionally granted on May 5, 2014, and exercisable as to 10%, 20%, 30% and 40% of the shares on May 5, 2015, 2016, 2017 and 2018, respectively. Represents employee stock options exercisable as to 5,000, 10,000, 15,000 and 20,000 shares on May 5, 2015, 2016, 2017 and 2018, respectively. Steven D. Davidson as Attorney-In-Fact for Timothy E. Mullany 2016-02-18