X0201 4 2003-12-02 0 0000093859 STEAK & SHAKE CO SNS 0001249788 BEAR JAMES W 36 S. PENNSYLVANIA SUITE 500 INDIANAPOLIS IN 46204 0 1 0 0 SVP; CFO Common Stock 2003-12-02 4 S 0 5054 17.90 D 190448 D Common Stock 97259 I See Footnote Common Stock 90000 I See footnote These shares are held by Mr. Bear's spouse. These shares are held in the Bear Family Limited Partnership, of which Mr. Bear is the Managing General Partner. He disclaims any beneficial interest in these shares except to the extent of his pecuniary interest therein. David C. Milne, Attorney In Fact 2003-12-03