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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 |
| 2005-07-18 Sale |
2005-07-25 4:58 pm | MAX & ERMAS RESTAURANTS INC | MAXE | MURPHY MICHAEL D (Director) | 1,000 | $14.62 | $14,620 | 3,342 (Direct) | View |
| 2004-10-14 Sale |
2004-10-14 6:20 pm | MAX & ERMAS RESTAURANTS INC | MAXE | MURPHY MICHAEL D (Director) | 700 | $13.52 | $9,464 | 4,342 (Direct) |
View |
| 2004-10-13 Sale(A) |
2004-10-14 6:19 pm |
MAX & ERMAS RESTAURANTS INC | MAXE | MURPHY MICHAEL D (Director) | 800 | $13.85 | $11,080 | 5,042 (Direct) |
View |
| 2004-10-13 Sale |
2004-10-14 2:03 pm | MAX & ERMAS RESTAURANTS INC | MAXE | MURPHY MICHAEL D (Director) | 700 | $13.85 | $9,695 | 5,142 (Direct) |
View |
| 2003-10-20 Sale | 2003-11-03 5:22 pm |
MAX & ERMAS RESTAURANTS INC | MAXE | MURPHY MICHAEL D (Director) | 5,000 | $17.62 | $88,100 | 3,000 (Direct) | View |
| Transaction & Date |
Reported Date | Company | Symbol | Insider Relationship |
Shares Traded | Average Price |
Total Amount | Shares Ownership | Filing |
| 2004-10-11 Exercise Tax Withholding | 2004-10-12 4:39 pm |
MAX & ERMAS RESTAURANTS INC | MAXE | MURPHY MICHAEL D (Director) | 9,158 | $9.663 | $88,494 | 5,842 (Direct) |
View |
| 2003-10-20 Exercise | 2003-11-03 5:22 pm |
MAX & ERMAS RESTAURANTS INC | MAXE | MURPHY MICHAEL D (Director) | 6,000 | $6.25 | $37,500 | 8,000 (Direct) | View |
| Transaction & Date |
Reported Date |
Exercisable Expiration | Company | Symbol | Insider Relationship | Shares Traded | Conversion Price |
Shares Ownership | Filing |
| 2004-10-11 Exercise |
2004-10-12 4:39 pm |
2000-10-19 2004-10-19 |
MAX & ERMAS RESTAURANTS INC | MAXE | MURPHY MICHAEL D (Director) | 6,000 | $7.375 | 0 (Direct) |
View |
| 2003-10-20 Exercise |
2003-11-03 5:22 pm |
1999-10-20 2003-10-20 |
MAX & ERMAS RESTAURANTS INC | MAXE | MURPHY MICHAEL D (Director) | 6,000 | $6.25 | 0 (Direct) | View |
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