Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
PAPPAS HARRIS J
   2. Issuer Name and Ticker or Trading Symbol
LUBYS INC [LUB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
13111 NORTHWEST FREEWAY, SUITE 600		 3. Date of Earliest Transaction (Month/Day/Year)
11/05/2012
(Street)

HOUSTON, TX 77040		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Restricted Stock 11/05/2012   J   6,849 (1) D $ 0 3,551,170 D  
Common Stock               1,067,197 I By Pappas Restaurants Inc.

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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)		 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
Employee Stock Option (Right to Buy) $ 5.27             12/09/2009(2) 12/09/2018 Common Stock 63,000   63,000 D  
Employee Stock Option (Right to Buy) $ 3.44             11/19/2010(3) 11/19/2019 Common Stock 50,000   50,000 D  
Employee Stock Option (Right to Buy) $ 5.39             11/18/2011(4) 11/18/2020 Common Stock 17,551   17,551 D  
Restricted Stock Unit (5)               (6)   (6) Common Stock 5,000   5,000 D  
Restricted Stock Unit (5)               (7)   (7) Common Stock 8,776   8,776 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PAPPAS HARRIS J
13111 NORTHWEST FREEWAY
SUITE 600
HOUSTON, TX 77040		   X   X    

Signatures

 /s/ Harris J. Pappas   11/07/2012
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The grants made on April 1, 2012 and July 1, 2012 have been rescinded and the full amount of non-employee director quarterly retainer was paid in cash.
(2) These stock options vest ratably over four years and become fully exercisable on December 9, 2012.
(3) These stock options vest ratably over four years and become fully exercisable on November 19, 2013.
(4) These stock options vest ratably over four years and become fully exercisable on November 18, 2014.
(5) Each restricted stock unit represents a conditional right to receive one share of the Company's Common Stock.
(6) The restricted stock units vest on November 17, 2014 or as subject to the terms of the Award Agreement.
(7) The restricted stock units vest on November 18, 2013 or as subject to the terms of the Award Agreement.

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