X0202 3 2008-04-15 0 0000093859 STEAK & SHAKE CO SNS 0001334426 LION FUND, L.P. 9311 SAN PEDRO AVENUE, SUITE 1440 SAN ANTONIO TX 78216 0 0 1 0 0001334429 BIGLARI CAPITAL CORP. C/O THE LION FUND L.P. 9311 SAN PEDRO AVENUE, SUITE 1440 SAN ANTONIO TX 78216 0 0 1 0 0001334430 BIGLARI, SARDAR C/O THE LION FUND L.P. 9311 SAN PEDRO AVENUE, SUITE 1440 SAN ANTONIO TX 78216 1 0 1 0 0000930686 WESTERN SIZZLIN CORP 1338 PLANTATION ROAD ROANOKE VA 24012 0 0 1 0 0001422112 Western Acquisitions L.P. 1338 PLANTATION ROAD ROANOKE VA 24012 0 0 1 0 0001422110 Western Investments Inc. 1338 PLANTATION ROAD ROANOKE VA 24012 0 0 1 0 0001346563 COOLEY PHILIP L C/O TRINITY UNIVERSITY ONE TRINITY PLACE SAN ANTONIO TX 78212 1 0 1 0 Common Stock, par value $.50 941200 D Common Stock, par value $.50 16300 I By Philip L. Cooley Common Stock, par value $.50 1467445 I By Western Acquisitions L.P. Each of the Reporting Persons may be deemed to beneficially own the securities of the Issuer reported in this Form 3. As members of a Section 13(d) group, the Reporting Persons may be deemed to beneficially own 3,135,427 shares, or approximately 11.0%, of the Issuer's Common Stock owned in the aggregate by the members of the Section 13(d) group. The Reporting Persons disclaim beneficial ownership of the shares of the Issuer's Common Stock owned by the other members of the Section 13(d) group except to the extent of his or its pecuniary interest therein. Includes 3,000 shares held directly by Philip Cooley's spouse. By: The Lion Fund L.P., By: Biglari Capital Corp., General Partner, By: Sardar Biglari, Chief Executive Officer 2008-04-21 By: By: Sardar Biglari, Chief Executive Officer 2008-04-21 /s/ Biglari, Sardar 2008-04-21 By: By: Sardar Biglari, Chief Executive Officer 2008-04-21 By: Western Acquisitions L.P., By: Western Investments Inc., General Partner, By: Sardar Biglari, Chief Executive Officer 2008-04-21 By: Sardar Biglari, Chief Executive Officer 2008-04-21 /s/ Cooley, Philip L. 2008-04-21