X0201 3 2003-10-27 0 0000706471 MAX & ERMAS RESTAURANTS INC MAXE 0001267151 HOWENSTEIN JAMES E 4849 EVANSWOOD DRIVE COLUMBUS OH 43229 0 1 0 0 Vice President, Operations Common Stock 10112 D Stock Option Right to Buy 13.7500 2012-04-12 Common Stock 10000 D Stock Option Right to Buy 14.2000 2013-01-27 Common Stock 5000 D Option vests 50% on first anniversary of date of grant and 50% on second anniversary of date of grant. Option vests 20% per year beginning on the first anniversary of the date of grant. By: Curtis A. Loveland, Attorney-in-Fact 2003-10-27