X0306 4 2012-10-31 0 0000716643 REGIS CORP RGS 0001550099 Beltzman Daniel Gordon 1350 BROADWAY SUITE 2412 NEW YORK NY 10018 1 0 1 0 Common Stock 2012-10-31 4 P 0 132630 16.3682 A 880210 I By Birch Run Capital Partners, L.P. Common Stock 2012-10-31 4 P 0 510000 16.3682 A 4245983 I By Walnut BRC, L.P. Common Stock 2012-10-31 4 P 0 698051 16.3682 A 2733568 I By Torch BRC, L.P. Common Stock 2012-11-01 4 P 0 26779 16.6534 A 906989 I By Birch Run Capital Partners, L.P. Common Stock 2012-11-01 4 P 0 15000 16.6534 A 4260983 I By Walnut BRC, L.P. Common Stock 2012-11-01 4 P 0 140942 16.6534 A 2874510 I By Torch BRC, L.P. Common Stock 2012-11-02 4 P 0 30591 16.9721 A 937580 I By Birch Run Capital Partners, L.P. Common Stock 2012-11-02 4 P 0 421009 16.9721 A 3295519 I By Torch BRC, L.P. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $16.01 to $16.65, inclusive. The reporting person undertakes to provide to Regis Corporation, any security holder of Regis Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1), (5) and (6) to this Form 4. These securities are owned directly by Birch Run Capital Partners, L.P., Walnut BRC, L.P. and Torch BRC, L.P. (collectively, "the Funds"). As of the date of this filing: Birch Run Capital Partners, L.P. is the record owner of 937,580 shares; Walnut BRC, L.P. is the record owner of 4,260,983 shares; and Torch BRC, L.P. is the record owner of 3,295,519 shares. Birch Run Capital GP, LLC serves as the General Partner to Birch Run Capital Partners, L.P. Walnut BRC GP, LLC serves as the General Partner to Walnut BRC, L.P. Torch BRC GP, LLC serves as the General Partner to Torch BRC, L.P. (collectively, "the General Partners"). Birch Run Capital, LLC ("Birch") serves as the registered investment adviser to the Funds. Daniel Beltzman and Gregory Smith are the co-Managing Members of Birch Run Capital, LLC and the General Partners. Daniel Beltzman, Gregory Smith, the Funds, Birch and the General Partners may be deemed to share voting and dispositive power over the reported securities. Each of Daniel Beltzman, Gregory Smith, the Funds, Birch and the General Partners disclaim beneficial ownership of any interests of the reported securities in excess of such person's or entity's respective pecuniary interest in the securities. This report shall not be deemed an admission that Daniel Beltzman, Gregory Smith, the Funds, Birch or each of the General Partners is the beneficial owner of such interests for purposes of Section 16 or any other purpose. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $16.45 to $16.70, inclusive. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $16.50 to $17.25, inclusive. Daniel Beltzman, Co-Managing Member of Birch Run Capital, LLC 2012-11-02