Biglari Holdings Inc. (BH)

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Insider Trading: Purchases

Insider	Price	Amount	Total Value	Remaining Holdings	Date	Form 4
Cooley Large Shareholder, Director	$10.28	2,300	$23,644.00	57,423	2009-09-01	Filing
Lion Large Shareholder	$10.31	17,500	$180,393.50	1,040,500	2009-09-01	Filing
Lion Large Shareholder	$10.65	31,300	$333,282.40	1,023,000	2009-08-31	Filing
Biglari, Officer, Director	$10.31	17,500	$180,393.50	1,040,500	2009-09-01	Filing
Biglari, Officer, Director	$10.65	31,300	$333,282.40	1,023,000	2009-08-31	Filing
Biglari, Officer, Director	$10.43	5,000	$52,146.50	30,000	2009-09-01	Filing
Biglari, Officer, Director	$11.03	5,000	$55,159.00	25,000	2009-08-28	Filing
Biglari, Officer, Director	$10.43	45,000	$469,318.50	145,000	2009-09-01	Filing
Biglari, Officer, Director	$11.03	20,000	$220,636.00	100,000	2009-08-28	Filing
Biglari, Officer, Director	$10.11	3,000	$30,328.50	991,700	2009-08-21	Filing
Biglari, Officer, Director	$10.29	4,500	$46,305.00	988,700	2009-08-19	Filing
Biglari, Officer, Director	$10.15	8,700	$88,264.11	20,000	2009-08-21	Filing
Biglari, Officer, Director	$10.06	6,300	$63,379.89	11,300	2009-08-20	Filing
Biglari, Officer, Director	$10.31	5,000	$51,548.00	5,000	2009-08-19	Filing
Biglari, Officer, Director	$10.15	10,000	$101,453.00	80,000	2009-08-21	Filing
Biglari, Officer, Director	$10.06	50,000	$503,015.00	70,000	2009-08-20	Filing
Biglari, Officer, Director	$10.31	20,000	$206,192.00	20,000	2009-08-19	Filing
Regan Director	$11.50	500	$5,750.00	8,461	2009-05-06	Filing
Regan Director	$11.54	1,000	$11,540.00	7,961	2009-05-05	Filing
Regan Director	$11.41	700	$7,987.00	6,961	2009-04-28	Filing