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 CHRISTOPHER JAMES
   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
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
13111 NORTHWEST FREEWAY, SUITE 600		 3. Date of Earliest Transaction (Month/Day/Year)
10/19/2015
(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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 10/19/2015   J(1)     63,000 12/09/2012 12/09/2018 Common Stock 63,000 $ 5.27 (10) 0 D  
Employee Stock Option (Right to Buy) $ 5.39 10/19/2015   J(2)     17,551 11/18/2014 11/18/2020 Common Stock 17,551 $ 5.39 (10) 0 D  
Non Qualified Stock Option (Right to Buy) $ 4.42 10/19/2015   J(3)     2,865 11/15/2015(9) 11/15/2021 Common Stock 2,865 $ 4.42 (10) 0 D  
Employee Stock Option (Right to Buy) $ 4.42 10/19/2015   J(4)     8,595 11/15/2015(9) 11/15/2021 Common Stock 8,595 $ 4.42 (10) 0 D  
Non Qualified Stock Option (Right to Buy) $ 5.95 10/19/2015   J(5)     811 11/15/2016(9) 11/15/2022 Common Stock 811 $ 5.95 (10) 0 D  
Employee Stock Option (Right to Buy) $ 5.95 10/19/2015   J(6)     16,339 11/15/2016(9) 11/15/2022 Common Stock 16,339 $ 5.95 (10) 0 D  
Non Qualified Stock Option (Right to Buy) $ 4.49 10/19/2015   J(7)     61,819 01/23/2018(9) 01/23/2025 Common Stock 61,819 $ 4.49 (10) 0 D  
Employee Stock Option (Right to Buy) $ 4.49 10/19/2015   J(8)     61,132 01/23/2018(9) 01/23/2025 Common Stock 61,132 $ 4.49 (10) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PAPPAS CHRISTOPHER JAMES
13111 NORTHWEST FREEWAY
SUITE 600
HOUSTON, TX 77040		   X   X   President and CEO  

Signatures

 /s/ Christopher J. Pappas   10/21/2015
**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) On October 19, 2015, Mr. Pappas agreed to surrender 63,000 options to purchase the Company's common stock with an exercise price of $5.27 per share (FMV on date of grant) back to the Company. Mr. Pappas received no consideration from the Company for the surrender.
(2) On October 19, 2015, Mr. Pappas agreed to surrender 17,551 options to purchase the Company's common stock with an exercise price of $5.39 per share (FMV on date of grant) back to the Company. Mr. Pappas received no consideration from the Company for the surrender.
(3) On October 19, 2015, Mr. Pappas agreed to surrender 2,865 options to purchase the Company's common stock with an exercise price of $4.42 per share (FMV on date of grant) back to the Company. Mr. Pappas received no consideration from the Company for the surrender.
(4) On October 19, 2015, Mr. Pappas agreed to surrender 8,595 options to purchase the Company's common stock with an exercise price of $4.42 per share (FMV on date of grant) back to the Company. Mr. Pappas received no consideration from the Company for the surrender.
(5) On October 19, 2015, Mr. Pappas agreed to surrender 811 options to purchase the Company's common stock with an exercise price of $5.95 per share (FMV on date of grant) back to the Company. Mr. Pappas received no consideration from the Company for the surrender.
(6) On October 19, 2015, Mr. Pappas agreed to surrender 16,339 options to purchase the Company's common stock with an exercise price of $5.95 per share (FMV on date of grant) back to the Company. Mr. Pappas received no consideration from the Company for the surrender.
(7) On October 19, 2015, Mr. Pappas agreed to surrender 61,819 options to purchase the Company's common stock with an exercise price of $4.49 per share (FMV on date of grant) back to the Company. Mr. Pappas received no consideration from the Company for the surrender.
(8) On October 19, 2015, Mr. Pappas agreed to surrender 61,132 options to purchase the Company's common stock with an exercise price of $4.49 per share (FMV on date of grant) back to the Company. Mr. Pappas received no consideration from the Company for the surrender.
(9) These stock options vest as follows: 50% on the first anniversary of the grant date, 25% on the second anniversary of the grant date and 25% on the third anniversary of the grant date.
(10) Exercise price of option to buy.

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