Lion Fund, L.P.

Filings by Lion Fund, L.P. span 3 companies, the busiest being Friendly Ice Cream Corp, Western Sizzlin Corp and Biglari Holdings Inc. Between 18 April 2006 and 30 March 2010, the trades on record add up to 101 filings.

The open-market record is one-sided, with 85 purchases worth €5.6M and not one sale. The amount is not disclosed for 35 filings. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Outside the open market, there are 14 share grants.

In size, the median ticket on the buying side is €56k. Looking at 5 purchases old enough to measure, the stock rose over the following 90 days in 20% of cases; the median change was -43.2%. They describe history only and say nothing certain about the share price ahead.

Most recently, on 31 March 2010, the filings show a transaction in Western Sizzlin Corp. The last purchase on record was published on 8 September 2009, which is 6,255 days ago. Filings reach the SEC (Form 4) feed a median of 2 days after the trade. Section 16 rules allow two business days to file each Form 4. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.