13D Filing: Bandera Partners and Famous Daves Of America Inc (DAVE)

The following constitutes
Amendment No. 4 to the Schedule 13D filed by the undersigned (“Amendment No. 4”). This Amendment No. 4 amends the Schedule
13D as specifically set forth herein.

Item 3.

Source and Amount of Funds or Other Consideration.

Item 3 is hereby amended
and restated to read as follows:

The Shares purchased
by Bandera Master Fund were purchased with working capital (which may, at any given time, include margin loans made by brokerage
firms in the ordinary course of business). The aggregate purchase price of the 1,085,225 Shares owned directly by Bandera Master
Fund is approximately $5,572,342, including brokerage commissions.

Item 5.

Interest in Securities of the Issuer.

Items 5(a)-(c) are
hereby amended and restated to read as follows:

(a)       The
aggregate percentage of Shares reported owned by each person named herein is based upon 6,957,628 Shares outstanding as of May
12, 2017, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed
with the Securities and Exchange Commission on May 15, 2017.

As of the close of
business on June 15, 2017, Bandera Master Fund directly beneficially owned 1,085,225 Shares, constituting approximately 15.6% of
the Shares outstanding. By virtue of their respective relationships with Bandera Master Fund as discussed in further detail in
Item 2 of the Schedule 13D, each of Bandera Partners and Messrs. Bylinsky and Gramm may be deemed to beneficially own the Shares
directly owned by Bandera Master Fund.

(b)       Bandera
Partners may be deemed to have the sole power to vote and dispose of the Shares directly owned by Bandera Master Fund. As Managing
Partners, Managing Directors and Portfolio Managers of Bandera Partners, each of Messrs. Bylinsky and Gramm may be deemed to have
the shared power to vote and dispose of the Shares directly owned by Bandera Master Fund.

(c)       Schedule
A annexed hereto lists all transactions in securities of the Issuer during the past 60 days by the Reporting Persons. All of such
transactions were effected in the open market unless otherwise noted.