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"Insiders might sell their shares for any number of reasons, but they buy them for only one:
they think the price will rise" - Peter Lynch ==>> What is insider trading>> |

| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship |
Shares Traded | Average Price | Total Amount |
Shares Ownership |
Filing |
| 2005-12-27 Gift |
2006-01-11 5:48 pm | MAX & ERMAS RESTAURANTS INC | MAXE | ARTHUR WILLIAM E (Director) | 10,000 | $0 | $0 | 46,031 (Indirect) | View |
| 2004-10-13 Exercise Tax Withholding |
2004-10-13 11:57 am | MAX & ERMAS RESTAURANTS INC | MAXE | ARTHUR WILLIAM E (Director) | 9,211 | $9.608 | $88,498 | 30,459 (Direct) |
View |
| 2003-12-12 Gift |
2003-12-30 6:30 pm |
MAX & ERMAS RESTAURANTS INC | MAXE | ARTHUR WILLIAM E (Director) | 10,000 | $0 | $0 | 27,670 (Direct) |
View |
| 2003-09-19 Exercise Tax Withholding |
2003-09-19 4:59 pm | MAX & ERMAS RESTAURANTS INC | MAXE | ARTHUR WILLIAM E (Director) | 8,079 | $9.284 | $75,005 | 37,670 (Direct) |
View |
| Transaction & Date |
Reported Date | Exercisable Expiration | Company | Symbol | Insider Relationship |
Shares Traded |
Conversion Price | Shares Ownership |
Filing |
| 2004-10-13 Exercise |
2004-10-13 11:57 am | 2000-10-19 2004-10-19 |
MAX & ERMAS RESTAURANTS INC | MAXE | ARTHUR WILLIAM E (Director) | 6,000 | $7.375 | 0 (Direct) | View |
| 2003-09-19 Exercise | 2003-09-19 4:59 pm |
1999-10-20 2003-10-20 | MAX & ERMAS RESTAURANTS INC | MAXE | ARTHUR WILLIAM E (Director) | 6,000 | $6.25 | 0 (Direct) | View |
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