13G Filing: Bandera Partners and Lubys Inc (LUB)

Item 1(a).

Name of Issuer:

Luby’s, Inc. (the “Issuer”).

Item 1(b).

Address of Issuer’s Principal Executive Offices:

13111 Northwest Freeway, Suite 600

Houston, Texas 77040

Item 2(a).

Name of Person Filing:

This statement is filed by Bandera
Partners LLC, a Delaware limited liability company (“Bandera Partners”), Gregory Bylinsky and Jefferson Gramm. Each
of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”

Bandera Partners, Mr. Bylinsky and
Mr. Gramm are filing this Statement with respect to 1,680,667 shares of Common Shares
(the “Master Fund’s Shares”) directly owned by Bandera Master Fund L.P., a Cayman Islands exempted limited partnership
(“Bandera Master Fund”). In addition, Mr. Gramm is also filing this Statement with respect to 10,000 shares of Common
Shares directly owned by Mr. Gramm.

Bandera Partners is the investment
manager of Bandera Master Fund and may be deemed to have beneficial ownership over the Master Fund’s Shares by virtue of
the sole and exclusive authority granted to Bandera Partners by Bandera Master Fund to vote and dispose of the Master Fund’s
Shares.

Mr. Bylinsky and Mr. Gramm are Managing
Partners, Managing Directors and Portfolio Managers of Bandera Partners.

The filing of this Schedule 13G
shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange
Act of 1934, as amended, the beneficial owners of any of the Shares (as defined below) reported herein. Each of the Reporting Persons
specifically disclaims beneficial ownership of the Shares reported herein. Without limiting the foregoing sentence, Bandera Master
Fund specifically disclaims beneficial ownership of the Master Fund’s Shares by virtue of its inability to vote or dispose
of such Shares.

Item 2(b).

Address of Principal Business Office or, if none, Residence:

The principal business address of
each of the Reporting Persons is 50 Broad Street, Suite 1820, New York, New York 10004.

Item 2(c).

Citizenship:

Bandera Partners is organized under
the laws of the State of Delaware. Each of Messrs. Bylinsky and Gramm is a citizen of the United States of America.

Item 2(d).

Title of Class of Securities:

Common Stock (“Shares”).