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Filing Details

Accession Number:: 0001193805-10-001552
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-05-27 13:00:00
Reporting Period:: 2010-05-25

Filing Date:: 2010-05-27
Accepted Time:: 2010-05-27 20:00:04
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
93859	Biglari Holdings Inc.	BH	Retail-Eating Places (5812)	370684070

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1334430	Biglari, Sardar	C/O The Lion Fund, L.p. 9311 San Pedro Avenue, Suite 1440 San Antonio TX 78216	Chairman And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $.50	Acquisiton	2010-05-25	3,704	$280.49	80,125	No	4	P	Indirect	By The Lion Fund, L.P.
Common Stock, Par Value $.50	Acquisiton	2010-05-26	10,000	$296.79	90,125	No	4	P	Indirect	By The Lion Fund, L.P.
Common Stock, Par Value $.50	Acquisiton	2010-05-27	7,600	$300.69	97,725	No	4	P	Indirect	By The Lion Fund, L.P.
Common Stock, Par Value $.50	Disposition	2010-05-26	750	$296.09	750	No	4	S	Indirect	By Mustang Capital Partners II, LP
Common Stock, Par Value $.50	Disposition	2010-05-26	3,625	$296.09	3,625	No	4	S	Indirect	By Mustang Capital Partners I, LP
Common Stock, Par Value $.50	Acquisiton	2010-05-25	3,500	$280.49	3,501	No	4	P	Direct
Common Stock, Par Value $.50	Acquisiton	2010-05-26	500	$296.79	4,001	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By The Lion Fund, L.P.
No	4	P	Indirect	By The Lion Fund, L.P.
No	4	P	Indirect	By The Lion Fund, L.P.
No	4	S	Indirect	By Mustang Capital Partners II, LP
No	4	S	Indirect	By Mustang Capital Partners I, LP
No	4	P	Direct
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $.50	2,386	Indirect	By Western Acquisitions L.P.

Footnotes

Shares owned directly by the Lion Fund, L.P. ("Lion Fund"). Biglari Capital Corp. ("Biglari Capital") is the general partner of the Lion Fund. Biglari Capital is a wholly-owned subsidiary of Biglari Holdings Inc. ("Biglari Holdings"). Sardar Biglari is the Chairman and Chief Executive Officer of each of Biglari Capital and Biglari Holdings and has investment discretion over the securities owned by the Lion Fund. By virtue of these relationships, Sardar Biglari may be deemed to beneficially own the shares held directly by the Lion Fund. Sardar Biglari disclaims beneficial ownership of the shares held directly by the Lion Fund except to the extent of his pecuniary interest therein.
Shares owned directly by Mustang Capital Partners II, LP ("MCPII"). Western Sizzlin Corp. ("Western Sizzlin") has a controlling interest in the investment manager to and general partner of MCPII. Western Sizzlin is a wholly-owned subsidiary of Biglari Holdings. Sardar Biglari is the Chairman and Chief Executive Officer of each of Western Sizzlin and Biglari Holdings. By virtue of these relationships, Sardar Biglari may be deemed to beneficially own the shares held directly by MCPII. Sardar Biglari disclaims beneficial ownership of the shares held directly by MCPII and does not have a pecuniary interest in such shares.
Shares owned directly by Mustang Capital Partners I, LP ("MCPI"). Western Sizzlin has a controlling interest in the investment manager to and general partner of MCPI. Western Sizzlin is a wholly-owned subsidiary of Biglari Holdings. Sardar Biglari is the Chairman and Chief Executive Officer of each of Western Sizzlin and Biglari Holdings. By virtue of these relationships, Sardar Biglari may be deemed to beneficially own the shares held directly by MCPI. Sardar Biglari disclaims beneficial ownership of the shares held directly by MCPI and does not have a pecuniary interest in such shares.
Includes one share purchased by the Reporting Person on April 27, 2010 for a purchase price of $401 in order to receive a stock certificate. Each of the other members of the Board of Directors also purchased one share on such date.
Shares owned directly by Western Acquisitions L.P. ("Western Acquisitions"). Western Investments Inc. ("Western Investments") is the general partner of Western Acquisitions. Western Investments is a wholly-owned subsidiary of Western Sizzlin. Western Sizzlin is a wholly-owned subsidiary of Biglari Holdings. Sardar Biglari is the Chairman and Chief Executive Officer of each of Western Investments, Western Sizzlin and Biglari Holdings and has investment discretion over the securities owned by Western Acquisitions. By virtue of these relationships, Sardar Biglari may be deemed to beneficially own the shares held directly by Western Acquisitions. Sardar Biglari disclaims beneficial ownership of the shares held directly by Western Acquisitions except to the extent of his pecuniary interest therein.