X0202 4 2004-08-04 0 0000093859 STEAK & SHAKE CO SNS 0001242868 WALKER GARY 36 S. PENNSYLVANIA SUITE 500 INDIANAPOLIS IN 46204 0 1 0 0 SVP, Operations Support Common Stock 300 I Held by Minor Children Common Stock 23700 D Option 17.14 2004-08-04 4 A 0 11000 0 A 2004-08-04 2009-08-04 Common Stock 11000 11000 D This figure reflects the inclusion of 7,000 shares of stock granted under the Company's Capital Appreciation Plan, an employee benefit plan approved by the Company's shareholders pursuant to Rule 16(b)(3). These shares were previously reported as indirectly held. These options vest over a five year period, with 20% vesting on the date of grant and the remainder vesting each anniversary thereafter, at a rate of 20% each year. David C. Milne, Attorney in Fact 2004-08-06