UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Shoemaker, Jr., James M.
Post Office Box 728
Greenville, SC 29602
USA
2. Issuer Name and Ticker or Trading Symbol
Ryan's Family Steak Houses, Inc.
RYAN
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
July 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
Director
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |07/29/|M | |5,000 |A |$5.25 | | | |
|98 | | | | | | | | |
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Common Stock |07/29/|S | |5,000 |D |$11.625 |16,735 |D | |
|98 | | | | | | | | |
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| | | | | | |2,000 |I |(1) |
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| | | | | | |2,000 |I |(2) |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option |$5.25 |07/29|M | |5,000 |D |01/05|01/05|Common Stock|5,000 | |45,000 |D | |
Right To Buy | |/98 | | | | |/89 |/99 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) These shares of Common Stock of Ryan's Family Steak Houses, Inc. are held
by Mr. Shoemaker's wife. Mr.
Shoemaker disclaims beneficial ownership of these
shares.
(2) Mr. Shoemaker is a co-trustee of a trust containing 2,000 shares of the
Company's common stock for the benefit
of his adult child Jonathan Shoemaker. Mr. Shoemaker disclaims beneficial
ownership of such shares.
SIGNATURE OF REPORTING PERSON
/s/James M. Shoemaker, Jr.
DATE
August 3, 1998