RAVE RESTAURANT GROUP INC

Ticker: RAVE CUSIP: 754198109 Class: COM

Empirical Capital Management, LLC's Holding History (CIK: 0001642274)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 322,015 Value ($000) $2,058 Avg Close $7.11 Range $5.40 - $9.70

Q3 2015

Shares 263,955 Value ($000) $2,244 Avg Close $11.31 Range $8.10 - $14.47

Q2 2015

Shares 200,401 Value ($000) $2,615 Avg Close $13.27 Range $10.72 - $15.93

Q1 2015

Shares 144,429 Value ($000) $2,016 Avg Close $12.12 Range $7.05 - $16.20

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	322,015	$2,058	$7.11	$5.40 - $9.70
Q3 2015	263,955	$2,244	$11.31	$8.10 - $14.47
Q2 2015	200,401	$2,615	$13.27	$10.72 - $15.93
Q1 2015	144,429	$2,016	$12.12	$7.05 - $16.20