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Filing Details

Accession Number:: 0001680070-19-000001
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-08-23 19:54:11
Reporting Period:: 2019-08-19

Accepted Time:: 2019-08-23 19:54:11
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
709005	Noble Romans Inc	NROM	Retail-Eating Places (5812)	351281154

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1680070	Marcel Herbst	2846 N. Southport Ave. 3N Chicago IL 60657-4184		Yes	No	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	Disposition	2019-08-19	91,409	$0.55	316,491	No	4	S	Indirect	footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	footnote

Footnotes

The shares were purchased in multiple transactions between the dates of 8/19/19 and 8/21/19. The reporting person undertakes to provide to Noble Romans Corp., any security holder of Noble Romans Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such date range.
The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $0.52 to $0.56, inclusive. The reporting person undertakes to provide to Noble Romans Corp., any security holder of Noble Romans Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
130491 shares are held in the account of Herbst Capital Management, LLC. (the ""fund"") for which Herbst Capital Partners, LLC (the ""General Partner"") serves as its manager. Marcel Herbst is the General Manager of Herbst Capital Partners, LLC and also serves as the Portfolio Manager of Herbst Capital Management, LLC. Mr. Herbst may be deemed to beneficially own these securities held by the fund by virtue of the General Partner's position in the fund and Mr. Herbst's status as the general manager of the General Partner and his status as portfolio manager of the fund. 10000 shares are held direct. 176000 shares are held in individual client accounts over which Marcel Herbst has discretionary trading authority. By virtue of this discretionary trading authority, these shares can be deemedbeneficially owned"