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SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940 		 
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OMB Number: 3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Morrison Charles R
(Last) (First) (Middle)
3551 PLANO PARKWAY
(Street)
THE COLONY TX 75056
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PIZZA INN INC /MO/ [ PZZI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2009
4. If Amendment, Date of 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
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
COMMON STOCK 09/30/2009 P 5,000 A $1.68 14,000 D
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 Securities Underlying Derivative Security (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: 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) $2.23 (1) 09/25/2017 Common Stock 100,000 100,000 D
EMPLOYEE STOCK OPTION (right to buy) $2.91 (2) 09/25/2017 Common Stock 50,000 50,000 D
EMPLOYEE STOCK OPTION (right to buy) $2.51 (3) 09/25/2017 Common Stock 75,000 75,000 D
Explanation of Responses:
1. Represents employee stock options exercisable as to 10,000, 20,000, 30,000 and 40,000 shares on September 25, 2008, 2009, 2010 and 2011, respectively.
2. Represents employee stock options exercisable as to 5,000, 10,000, 15,000 and 20,000 shares on December 20, 2008, 2009, 2010 and 2011, respectively.
3. Represents employee stock options exercisable as to 7,500, 15,000, 22,500 and 30,000 shares on August 20, 2009, 2010, 2011 and 2012, respectively.
Remarks:
Steven D. Davidson as Attorney-In-Fact for Charles R. Morrison 10/02/2009
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
 POWER OF ATTORNEY



      Know all by these presents, that I, CHARLES R. MORRISON,

hereby constitute and appoint each of Nancy Ellefson and

Steven D. Davidson, signing singly, as my true and lawful

attorney-in-fact to:



   (1) Execute for me and on my behalf, in my capacity as an

officer and/or director of Hallmark Financial Services, Inc.

the "Company"), Forms 3, 4, and 5 with respect to the

beneficial ownership of securities of the Company in

accordance with Section 16(a) of the Securities Exchange

Act of 1934 and the rules thereunder;



   (2) Do and perform any and all acts for and on behalf

of the undersigned which may be necessary or desirable to

complete and execute any such Form 3, 4, or 5, complete and

execute any amendment or amendments thereto, and timely file

such form with the United States Securities and Exchange

Commission and any stock exchange or similar authority; and



   (3) Take any other action of any type whatsoever in

connection with the foregoing which, in the opinion of

such attorney-in-fact, may be of benefit to, in the best

interest of, or legally required by the undersigned, it being

understood that the documents executed by such attorney-in-fact

on behalf of the undersigned pursuant to this Power of Attorney

shall be in such form and shall contain such terms and conditions

as such attorney-in-fact may approve in such attorney-in-fact's

discretion.



      The undersigned hereby grants to each such attorney-in-fact

full power and authority to do and perform any and every act and

thing whatsoever requisite, necessary, or proper to be done in the

exercise of any of the rights and powers granted above, as fully

to all intents and purposes as the undersigned might or could do

if personally present, with full power of substitution or

revocation, hereby ratifying and confirming all that such

attorney-in-fact, or such attorney-in-fact's substitute or

substitutes, shall lawfully do or cause to be done by virtue of

this power of attorney and the rights and powers herein granted.

The undersigned acknowledges that the foregoing attorneys-in-fact,

in serving in such capacity at the request of the undersigned, are

not assuming any of the undersigned's responsibilities to comply

with Section 16 of the Securities Exchange Act of 1934.



      This Power of Attorney shall remain in full force and effect

until the undersigned is no longer required to file Forms 3, 4,

and 5 with respect to the beneficial ownership of securities of

the Company, unless earlier revoked by the undersigned in a signed

writing delivered to the foregoing attorneys-in-fact and the Company.



      IN WITNESS WHEREOF, the undersigned has caused this Power

of Attorney to be executed as of this 1st day of October, 2009



                                         /s/ Charles R. Morrison