Sec Form 4 Filing - BERNSTEIN ALLEN J @ Bravo Brio Restaurant Group, Inc. - 2010-10-26

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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
BERNSTEIN ALLEN J
2. Issuer Name and Ticker or Trading Symbol
Bravo Brio Restaurant Group, Inc. [ BBRG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O BRAVO BRIO RESTAURANT GROUP, INC., 777 GOODALE BLVD, SUITE 100
3. Date of Earliest Transaction (MM/DD/YY)
10/26/2010
(Street)
COLUMBUS, OH43212
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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
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
Stock Option (right to buy) $ 1.45 ( 1 ) 10/26/2010 J 18,086 ( 1 ) 10/26/2010( 2 ) 02/13/2007 Common Shares, no par value per share 18,086 ( 1 ) ( 2 ) $ 0 18,086 ( 1 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BERNSTEIN ALLEN J
C/O BRAVO BRIO RESTAURANT GROUP, INC.
777 GOODALE BLVD, SUITE 100
COLUMBUS, OH43212
X
Signatures
/s/ John Wejman, Attorney-in-Fact 10/27/2010
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This option was previously reported as covering 3,281.25 shares of Common Stock, par value $.001 per share, at an exercise price of $10.00 per share, but has been adjusted to reflect action taken by the board of directors of Bravo Brio Restaurant Group, Inc. (the "Company") with respect to all outstanding option awards to match the effect of the Company's reorganization transaction consummated with its shareholders on October 26, 2010 pursuant to which each outstanding share of the Company's Series A Preferred Stock, par value $.001 per share, and each outstanding share of Common Stock, par value $.001 per share, was exchanged for new common shares, no par value per share of the Company.
( 2 )The exercisability of this option was previously reported as being subject to the achievement by the Company's private equity sponsors of certain performance criteria in connection with an approved sale or public offering of the Company's equity securities. The Company's board of directors previously determined that upon the consummation of the Company's initial public offering, which occurred on October 26, 2010, (i) each outstanding option award shall be deemed to have vested in a percentage equal to the greater of 80.0% or the percentage of the option award already vested as of such date and (ii) each outstanding option award shall be deemed 80.0% exercisable. Any unvested and/or unexercisable portion of the Reporting Person's option award has been forfeited.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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