Sec Form 4 Filing - SONKIN PAUL D @ STAR BUFFET INC - 2006-12-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
SONKIN PAUL D
2. Issuer Name and Ticker or Trading Symbol
STAR BUFFET INC [ strz]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
see footnote #1
(Last) (First) (Middle)
460 PARK AVENUE, 12TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
12/15/2006
(Street)
NEW YORK, NY10022
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common stock $.001 par value ( 1 ) 12/15/2006 S 359 ( 2 ) D $ 9.691 206,476 D ( 3 )
Common stock $.001 par value 12/15/2006 S 359 ( 4 ) D $ 9.691 195,878 D ( 5 )
Common stock $.001 par value 12/18/2006 S 700 ( 6 ) D $ 9.781 205,776 D ( 7 )
Common stock $.001 par value 12/18/2006 S 700 ( 8 ) D $ 9.781 195,178 D ( 9 )
Common stock $.001 par value 12/19/2006 S 1,812 ( 10 ) D $ 9.815 203,964 D ( 11 )
Common stock $.001 par value 12/19/2006 S 1,811 ( 12 ) D $ 9.815 193,367 D ( 13 )
Common stock $.001 par value 12/20/2006 S 150 ( 14 ) A $ 9.79 203,814 D ( 15 )
Common stock $.001 par value 12/20/2006 S 150 ( 16 ) D $ 9.79 193,217 D ( 17 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SONKIN PAUL D
460 PARK AVENUE
12TH FLOOR
NEW YORK, NY10022
X see footnote #1
HUMMINGBIRD VALUE FUND LP
460 PARK AVENUE, 12TH FL
NEW YORK, NY10022
X see footnote #1
HUMMINGBIRD MICROCAP VALUE FUND LP
460 PARK AVENUE, 12TH FL
NEW YORK, NY10022
X see footnote #1
HUMMINGBIRD MANAGEMENT LLC
460 PARK AVENUE, 12TH FL
NEW YORK, NY10022
X see footnote #1
HUMMINGBIRD CAPITAL LLC
460 PARK AVENUE, 12TH FL
NEW YORK, NY10022
X see footnote #1
Signatures
Paul Sonkin 12/21/2006
Signature of Reporting Person Date
The Hummingbird Value Fund, LP. 12/21/2006
Signature of Reporting Person Date
The Hummingbird Microcap Value Fund, LP 12/21/2006
Signature of Reporting Person Date
Hummingbird Management, LLC. 12/21/2006
Signature of Reporting Person Date
Hummingbird Capital, LLC 12/21/2006
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This Form 4 is filed jointly by Paul D. Sonkin, The Hummingbird Value Fund, L.P., The Hummingbird Microcap Value Fund, L.P., Hummingbird Capital, LLC, and Hummingbird Management, LLC. Paul D. Sonkin is the Managing Member of (a) Hummingbird Capital, LLC, the general partner of The Hummingbird Value Fund, L.P.and The Hummingbird Microcap Value Fund, L.P., and (b) Hummingbird Management, LLC, the investment manager to The Hummingbird Value Fund, L.P.and The Hummingbird Microcap Value Fund, L.P. Accordingly, each of Paul D. Sonkin, Hummingbird Capital, LLC, and Hummingbird Management, LLC may be deemed to beneficially own the securities owned by The Hummingbird Value Fund, L.P. and The Hummingbird Microcap Value Fund, L.P., reported herein. The Reporting Persons are members of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock.
( 2 )Sold by The Hummingbird Value Fund, LP.
( 3 )Owned directly by The Hummingbird Value Fund, L.P., and indirectly by Paul D. Sonkin, Hummingbird Capital, LLC, and Hummingbird Management, LLC, each of which disclaims beneficial ownership of the securities owned by The Hummingbird Value Fund, L.P., except to the extent that each such party has an interest, if any, in The Hummingbird Value Fund, L.P.
( 4 )Sold by The Hummingbird Microcap Value Fund, LP.
( 5 )Owned directly by The Hummingbird Microcap Value Fund, L.P., and indirectly by Paul D. Sonkin, Hummingbird Capital, LLC, and Hummingbird Management, LLC, each of which disclaims beneficial ownership of the securities owned by The Hummingbird Value Microcap Fund, L.P., except to the extent that each such party has an interest, if any, in The Hummingbird Microcap Value Fund, L.P.
( 6 )See footnote #2.
( 7 )See footnote #3.
( 8 )See footnote #4.
( 9 )See footnote #5.
( 10 )See footnote #2.
( 11 )See footnote #3.
( 12 )See footnote #4.
( 13 )See footnote #5.
( 14 )See footnote #2.
( 15 )See footnote #3.
( 16 )See footnote #4.
( 17 )See footnote #5.

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