X0202 3 2007-04-20 0 0000016099 LUBYS INC LUB 0001397317 Gray K Scott 13111 NORTHWEST FREEWAY SUITE 600 HOUSTON TX 77040 0 1 0 0 Chief Financial Officer Common Stock 20 D Employee Stock Option (Right to Buy) 9.42 2002-07-26 2007-07-25 Common Stock 5000 D Employee Stock Option (Right to Buy) 12.30 2006-11-15 2011-11-14 Common Stock 8400 D Employee Stock Option (Right to Buy) 10.18 2007-10-19 2012-10-18 Common Stock 11040 D Restricted Stock Unit 12.30 2008-11-15 Common Stock 1500 D Restricted Stock Unit 10.18 2009-10-19 Common Stock 1972 D This option becomes exercisable as to one-fourth of the total number of option shares on each succeeding anniversary of the grant date. Thus this option becomes exercisable, beginning on the first anniversary of the grant date of 7/26/2001, as follows: 1,250 shares on 7/26/2002, 1,250 shares on 7/26/2003, 1,250 shares on 7/26/2004, and 1,250 shares on 7/26/2005. This option becomes exercisable as to one-fourth of the total number of option shares on each succeeding anniversary of the grant date. Thus this option becomes exercisable, beginning on the first anniversary of the grant date of 11/15/2005, as follows: 2,100 shares on 11/15/2006, 2,100 shares on 11/15/2007, 2,100 shares on 11/15/2008, and 2,100 shares on 11/15/2009. This option becomes exercisable as to one-fourth of the total number of option shares on each succeeding anniversary of the grant date. Thus this option becomes exercisable, beginning on the first anniversary of the grant date of 10/19/2006, as follows: 2,760 shares on 10/19/2007, 2,760 shares on 10/19/2008, 2,760 shares on 10/19/2009, and 2,760 shares on 10/19/2010. The security fully vests at time granted and remains restricted until the earlier of 11/15/2008 or the date of the officer's resignation or retirement. The security fully vests at time granted and remains restricted until the earlier of 10/19/2009 or the date of the officer's resignation or retirement. K. Scott Gray 2007-04-24