Insider Trades - BIGLARI, SARDAR

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BIGLARI, SARDAR: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
THE STEAK N SHAKE NE Officer NYSE:SNS (historical quotes, profile, SEC, other insiders)	8-Jan-10	76,421	Indirect

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
8-Jan-10 *600 SNS Purchase at $289.92 per share.
(Cost of $173,952)
7-Jan-10 *400 SNS Purchase at $289.58 per share.
(Cost of $115,832)

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
8-Jan-10	*600	SNS	Purchase at $289.92 per share. (Cost of $173,952)
7-Jan-10	*400	SNS	Purchase at $289.58 per share. (Cost of $115,832)