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<SEC-DOCUMENT>0000950134-08-017865.txt : 20081014
<SEC-HEADER>0000950134-08-017865.hdr.sgml : 20081013
<ACCEPTANCE-DATETIME>20081014060206
ACCESSION NUMBER:		0000950134-08-017865
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20081030
FILED AS OF DATE:		20081014
DATE AS OF CHANGE:		20081014
EFFECTIVENESS DATE:		20081014

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SANFILIPPO JOHN B & SON INC
		CENTRAL INDEX KEY:			0000880117
		STANDARD INDUSTRIAL CLASSIFICATION:	SUGAR & CONFECTIONERY PRODUCTS [2060]
		IRS NUMBER:				362419677
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0628

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19681
		FILM NUMBER:		081119486

	BUSINESS ADDRESS:	
		STREET 1:		2299 BUSSE RD
		CITY:			ELK GROVE VILLAGE
		STATE:			IL
		ZIP:			60007-6057
		BUSINESS PHONE:		8475932300

	MAIL ADDRESS:	
		STREET 1:		2299 BUSSE RD
		CITY:			ELK GROVE VILLAGE
		STATE:			IL
		ZIP:			60007-6057
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>c35022ddef14a.htm
<DESCRIPTION>FORM DEF 14A
<TEXT>
<HTML>
<HEAD>
<TITLE>def14a</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>SCHEDULE 14A</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES<BR>
EXCHANGE ACT OF 1934</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Filed by the registrant <FONT face="Wingdings">&#254;</FONT><BR>
Filed by a party other than the registrant <FONT face="Wingdings">&#111;</FONT><BR>
Check the appropriate box:

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-family: Wingdings">&#168;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preliminary Proxy Statement
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#168;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Confidential, For Use of the Commission Only</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(as permitted by Rule&nbsp;14a-6(e) (2))</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-family: Wingdings">&#254;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Definitive Proxy Statement</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-family: Wingdings">&#168;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Definitive Additional Materials</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-family: Wingdings">&#168;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Soliciting Material</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Pursuant to Section&nbsp;240.14a-12</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>John B. Sanfilippo &#038; Son, Inc.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Name of Registrant as Specified in Its Charter)<BR>
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Payment of filing fee (check the appropriate box):
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT face="Wingdings">&#254;</FONT> No fee required.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT face="Wingdings">&#111;</FONT> Fee computed on table below per Exchange Act Rules&nbsp;14a-6(i)(1) and 0-11</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Title of each class of securities to which transaction applies:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Aggregate number of securities to which transaction applies:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule&nbsp;0-11 (set forth the
amount on which the filing fee is calculated and state how it
was determined):</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Proposed maximum aggregate value of transaction:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(5)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Total fee paid:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT face="Wingdings">&#111;</FONT> Fee paid previously with preliminary materials.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT face="Wingdings">&#111;</FONT> Check box if any part of the fee is offset as provided by Exchange Act Rule&nbsp;0-11(a)(2) and identify the filing for which the
offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its
filing.</DIV></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amount Previously Paid:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Form, Schedule or Registration Statement No.:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Filing Party:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Date Filed:</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="c35022dc3502200.gif" alt="(SANFILIPPO LOGO)">
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 8pt"><B>JOHN B. SANFILIPPO &#038; SON, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">1703 North Randall Road<br>
Elgin, Illinois 60123</DIV>


<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 20%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>NOTICE OF ANNUAL MEETING OF STOCKHOLDERS</B>
</DIV>

<DIV align="center" style="font-size: 10pt">to be held<br>
on October&nbsp;30, 2008</DIV>


<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 20%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>TO THE STOCKHOLDERS:</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>The annual meeting of stockholders of John B. Sanfilippo &#038; Son, Inc. will be held on Thursday,
October&nbsp;30, 2008, at 10:00&nbsp;a.m., local time, at 1707 N. Randall Road, Elgin, Illinois 60123, for
the following purposes:</B>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>To elect directors;</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>To ratify the action of the Audit Committee in appointing PricewaterhouseCoopers LLP as our
independent auditors for the fiscal year ending June&nbsp;25, 2009;</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>3.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>To consider and take action upon a proposal to approve the John B. Sanfilippo &#038; Son, Inc. 2008
Equity Incentive Plan (the &#147;2008 Equity Incentive Plan&#148;) which provides for grants of stock
options, restricted stock, restricted stock units, stock appreciation rights, Common Stock and
dividends and dividend equivalents. The 2008 Equity Incentive Plan (a copy of which is attached
hereto as Exhibit&nbsp;A) is intended to replace the John B. Sanfilippo &#038; Son, Inc. 1998 Equity
Incentive Plan (the &#147;1998 Plan&#148;) which terminated on September&nbsp;1, 2008; provided, however, that
unexercised stock options that are outstanding under the 1998 Plan shall continue to be governed by
the provisions of the 1998 Plan; and</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>4.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>To transact such other business as may properly be brought before the annual meeting or any
adjournment or postponement thereof.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>The annual meeting may be postponed or adjourned from time to time without any notice other than
announcement at the meeting, and any and all business for which notice is hereby given may be
transacted at any such postponed or adjourned meeting.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>The Board of Directors has fixed the close of business on September&nbsp;4, 2008, as the record date for
determination of stockholders entitled to notice of and to vote at the annual meeting. A list of
these stockholders will be available for inspection for 10&nbsp;days preceding the meeting (at 1707 N.
Randall Road, Elgin, Illinois 60123) and will also be available for inspection at the meeting.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Stockholders are requested to complete and sign the enclosed proxy, which is solicited by the Board
of Directors, and promptly return it in the accompanying envelope whether or not they plan to
attend the annual meeting in person. The proxy is revocable at any time before it is voted.
Returning the proxy will in no way limit your right to vote at the annual meeting if you should
later decide to attend and vote in person.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Because we have two classes of stock outstanding, a separate form of proxy has been prepared with
respect to each class of stock: a white proxy, which relates to our Common Stock, $.01 par value;
and a blue proxy, which relates to our Class&nbsp;A Common Stock, $.01 par value. Stockholders who own
of record shares of only one class are being furnished only with the proxy relating to that class.
Stockholders who own of record shares of both classes are being furnished with both proxies (in
separate mailings, each of which also includes a copy of this notice and the proxy statement).
Stockholders who receive both proxies must complete, sign and return both proxies in order for the
shares of both classes to be voted by proxy.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 16pt; margin-left: 50%"><B>By Order of the Board of Directors</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%"><IMG src="c35022dc3502202.gif" alt="(VALENTINE SIG)">

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%"><B>MICHAEL J. VALENTINE<BR>
Secretary</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Elgin, Illinois<br>
October&nbsp;10, 2008</B>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">NOMINEES FOR ELECTION BY THE HOLDERS OF COMMON STOCK</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">NOMINEES FOR ELECTION BY THE HOLDERS OF CLASS A STOCK</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">CORPORATE GOVERNANCE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#004">Board Meetings and Committees</A></TD></TR>
<TR><TD colspan="9"><A HREF="#005">DIRECTOR NOMINATIONS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#006">AUDIT COMMITTEE REPORT</A></TD></TR>
<TR><TD colspan="9"><A HREF="#007">COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#008">Compensation of Directors</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">COMPENSATION DISCUSSION AND ANALYSIS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010">Publicly Traded and Family-Owned</A></TD></TR>
<TR><TD colspan="9"><A HREF="#011">The Role of the Compensation Committee</A></TD></TR>
<TR><TD colspan="9"><A HREF="#012">Overview of Fiscal 2008 Executive Compensation Program</A></TD></TR>
<TR><TD colspan="9"><A HREF="#013">COMPENSATION COMMITTEE REPORT</A></TD></TR>
<TR><TD colspan="9"><A HREF="#014">PERFORMANCE GRAPH</A></TD></TR>
<TR><TD colspan="9"><A HREF="#015">ANNUAL REPORT ON FORM 10-K</A></TD></TR>
<TR><TD colspan="9"><A HREF="#016">STOCKHOLDER PROPOSALS FOR THE 2009 ANNUAL MEETING</A></TD></TR>
<TR><TD colspan="9"><A HREF="#017">PROXY SOLICITATION</A></TD></TR>
<TR><TD colspan="9"><A HREF="#018">OTHER MATTERS</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>





<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>John B. Sanfilippo &#038; Son, Inc.</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>PROXY STATEMENT</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>ANNUAL MEETING OF STOCKHOLDERS</B><BR>
October&nbsp;30, 2008

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Proxy Statement is furnished in connection with the solicitation by the Board of Directors of
John B. Sanfilippo &#038; Son, Inc., a Delaware corporation, of proxies for use at the annual meeting of
our stockholders to be held on Thursday, October&nbsp;30, 2008, at 10:00&nbsp;a.m., local time, at 1707 N.
Randall Road, Elgin, Illinois 60123-7820, and at any postponement or adjournment thereof (the
&#147;Annual Meeting&#148;). All shares of our Common Stock, $.01 par value (the &#147;Common Stock&#148;), and our
Class&nbsp;A Common Stock, $.01 par value (the &#147;Class&nbsp;A Stock&#148;), entitled to vote at the Annual Meeting
which are represented by properly executed proxies will, unless such proxies have been revoked, be
voted in accordance with the instructions given in such proxies. Any stockholder who has given a
proxy may revoke it at any time prior to its exercise at the Annual Meeting by delivering a written
notice of revocation or duly executed proxy bearing a later date to our Secretary, or by attending
the Annual Meeting and voting in person. Any written notice of revocation or subsequent proxy
should be delivered to us at 1703 N. Randall Road, Elgin, Illinois 60123-7820, Attention:
Secretary, or hand delivered to the Secretary, before the closing of the polls at the Annual
Meeting. Unless the context otherwise requires, references herein to &#147;we&#148;, &#147;us&#148;, or &#147;our company&#148;
refer to John B. Sanfilippo &#038; Son, Inc.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Proxy Statement and accompanying proxy are being mailed to stockholders on or about October
10, 2008. The mailing address of our principal executive offices is 1703 N. Randall Road, Elgin,
Illinois 60123-7820.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Record Date and Shares Outstanding</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We had outstanding on September&nbsp;4, 2008, the record date for determination of stockholders entitled
to notice of and to vote at the Annual Meeting, 8,016,699 shares of Common Stock (excluding 117,900
treasury shares) and 2,597,426 shares of Class&nbsp;A Stock. The Common Stock is traded on the NASDAQ
Global Market. There is no established public trading market for the Class&nbsp;A Stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Voting and Quorum</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to our Restated Certificate of Incorporation (as amended, the &#147;Restated Certificate&#148;), so
long as the total number of shares of Class&nbsp;A Stock outstanding is greater than or equal to 12<FONT style="font-size: 70%"><SUP>1</SUP></FONT>/<FONT style="font-size: 60%">2</FONT>% of
the total number of shares of Class&nbsp;A Stock and Common Stock outstanding, the holders of Common
Stock voting as a class are entitled to elect such number (rounded to the next highest number in
the case of a fraction) of directors as equals 25% of the total number of directors constituting
the full Board of Directors and the holders of Class&nbsp;A Stock voting as a class are entitled to
elect the remaining directors. With respect to all matters other than the election of directors or
any matters for which class voting is required by law, the holders of Common Stock and the holders
of Class&nbsp;A Stock will vote together as a single class and the holders of Common Stock will be
entitled to one vote per share of Common Stock and the holders of Class&nbsp;A Stock will be entitled to
ten votes per share of Class&nbsp;A Stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our Restated Certificate does not entitle holders of Common Stock to cumulative voting. However,
solely with respect to the election of directors, the Restated Certificate entitles each holder of
Class&nbsp;A Stock, in person or by proxy, to either (a)&nbsp;vote the number of shares of Class&nbsp;A Stock
owned by such holder for as many persons as there are directors to be elected by holders of Class&nbsp;A
Stock (&#147;Class&nbsp;A Directors&#148;), or (b)&nbsp;cumulate said votes (by multiplying the number of shares of
Class&nbsp;A Stock owned by such holder by the number of candidates for election as a Class&nbsp;A Director)
and either (a)&nbsp;give one candidate all of the cumulated votes, or (b)&nbsp;distribute the cumulated votes
among such candidates as the holder sees fit.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The presence at the Annual Meeting, in person or by proxy, of holders of Common Stock entitled to
cast at least a majority of the votes which the Common Stock is entitled to cast is required in
order to establish a quorum for the purpose of electing the directors to be elected by holders of
Common Stock (the &#147;Common Stock Directors&#148;). The presence at the Annual Meeting, in person or by
proxy, of holders of Class&nbsp;A Stock entitled to cast at least a majority of the votes which the
Class&nbsp;A Stock is entitled to cast is required in order to establish a quorum for the purpose of
electing the Class&nbsp;A Directors. The presence at the Annual Meeting, in person or by proxy, of
holders of Common Stock and Class&nbsp;A Stock entitled to cast at least a majority of the aggregate
number of votes which all such stock is entitled to cast on matters other than the election of
directors is required in order to establish a quorum for the purpose of any other business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Three proposals are scheduled for stockholder consideration at the Annual Meeting, each of which is
described more fully herein: (a)&nbsp;the election of eight directors; (b)&nbsp;the ratification of the
action of the Audit Committee in appointing PricewaterhouseCoopers LLP as our Independent
Registered Public Accounting Firm for the fiscal year ending June&nbsp;25, 2009; and (c)&nbsp;the approval of
the 2008 Equity Incentive Plan. The vote required and method of counting votes for each of these
proposals is as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Proposal&nbsp;1: Election of Directors</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the meeting, the holders of Common Stock voting as a class will be entitled to elect two of the
eight directors, and the holders of Class&nbsp;A Stock voting as a class will be entitled to elect the
remaining six directors. Directors elected by holders of both Common Stock and Class&nbsp;A Stock are
elected by a plurality of the votes cast for each such class. If a properly executed, unrevoked
proxy does not specifically direct the voting of the shares covered by such proxy, the proxy will
be voted <B>FOR </B>the election of all nominees for election as director to be elected by holders of the
class of shares covered by such proxy as listed herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If any nominee is unable to act as director because of an unexpected occurrence, the proxy holders
may vote the proxies for another person or the Board of Directors may reduce the number of
directors to be elected.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Proposal 2: Ratification of Independent Registered Public Accounting Firm</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To be approved, the ratification of PricewaterhouseCoopers LLP requires the affirmative vote of the
holders of shares representing a majority of the votes present or represented by proxy and entitled
to vote by the holders of Common Stock and Class&nbsp;A Stock, voting together as one class. If a
properly executed, unrevoked proxy does not specifically direct the voting of the shares covered by
such proxy, the proxy will be voted <B>FOR </B>Proposal&nbsp;2.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Proposal 3: Approval of 2008 Equity Incentive Plan</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Approval of the 2008 Equity Incentive Plan requires the affirmative vote of the holders of shares
representing a majority of the votes present or represented by proxy and entitled to vote by the
holders of Common Stock and Class&nbsp;A Stock, voting together as one class. If a properly executed,
unrevoked proxy does not specifically direct the voting of the shares covered by such proxy, the
proxy will be voted <B>FOR </B>Proposal&nbsp;3.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Abstentions and Non-Votes</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Shares not present at the meeting and shares voting &#147;abstain&#148; have no effect on the election of
directors (Proposal 1). For the proposals ratifying the selection of PricewaterhouseCoopers LLP as
our Independent Registered Public Accounting Firm for fiscal 2009 (Proposal 2) and approving the
2008 Equity Incentive Plan (Proposal 3), abstentions are treated as shares present or represented
and voting, so abstaining has the same effect as a negative vote. Broker non-votes on a proposal
(shares held by brokers that do not have discretionary authority to vote on the matter and have not
received voting instructions from their clients) are not counted or deemed present or represented
for determining whether stockholders have approved that proposal. Please note that banks and
brokers that have not received voting instructions from their clients cannot vote on their clients&#146;
behalf on the proposal to approve the 2008 Equity Incentive Plan.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Other Proposals</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If other matters are properly presented for voting at the Annual Meeting, the persons named as
proxies will vote on such matters in accordance with their best judgment. We have not received
notice of other matters that may be properly presented for voting at the Annual Meeting.
</DIV>

<!-- link1 "SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT" -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECURITY OWNERSHIP OF CERTAIN<BR>
BENEFICIAL OWNERS AND MANAGEMENT</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table sets forth information as of September&nbsp;30, 2008, with respect to the beneficial
ownership of Common Stock and Class&nbsp;A Stock by (a)&nbsp;any individuals or entities known by us to be
the beneficial owners of more than 5% of the outstanding shares of Common Stock or Class&nbsp;A Stock,
(b)&nbsp;each of our directors and nominees for election as a director, (c)&nbsp;each of the named executive
officers who currently serve as an executive officer of our company, and (d)&nbsp;all of our directors,
nominees for election as a director and executive officers as a group. The information set forth
in the table as to directors and executive officers is based upon information furnished to us by
them in connection with the preparation of this Proxy Statement. Except where otherwise indicated
in the footnotes to this table, the mailing address of each of the stockholders named in the table
is: c/o John B. Sanfilippo &#038; Son, Inc., 1703 N. Randall Road, Elgin, Illinois 60123-7820. None of
the shares shown in the following table as beneficially owned by directors and executive officers
has been hedged or pledged as security for any obligation.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>% of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>% of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Outstanding</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>No. of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Outstanding</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>No. of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>% of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Votes on</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Outstanding</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Matters Other</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Common</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Common</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>Class A</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares of Class</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>than Election of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Stock</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(1)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Stock</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Stock</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(1)(2)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>A Stock</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Directors</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jasper B. Sanfilippo<SUP style="font-size: 85%; vertical-align: text-top">(3)(4)(7)&#043; </SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39,832</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">163,045</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Marian R. Sanfilippo<SUP style="font-size: 85%; vertical-align: text-top">(5)(6)(7)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,984</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">220,220</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jeffrey T. Sanfilippo<SUP style="font-size: 85%; vertical-align: text-top">(7)(8)&#043;-</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39,082</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,429,275</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42.2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jasper B. Sanfilippo, Jr.<SUP style="font-size: 85%; vertical-align: text-top">(7)(8)&#043;-</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,250</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,429,275</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lisa A. Evon<SUP style="font-size: 85%; vertical-align: text-top">(7)(8)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44,044</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">John E. Sanfilippo<SUP style="font-size: 85%; vertical-align: text-top">(7)(8)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,152</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44,044</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">James J. Sanfilippo<SUP style="font-size: 85%; vertical-align: text-top">(7)(8)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,429,275</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42.0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total Controlling Group<SUP style="font-size: 85%; vertical-align: text-top">(7)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">106,636</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,768,496</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52.3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael J. Valentine<SUP style="font-size: 85%; vertical-align: text-top">(9)&#043;-</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,250</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">496,342</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Mathias A. Valentine<SUP style="font-size: 85%; vertical-align: text-top">&#043;</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">332,588</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total Valentine Group<SUP style="font-size: 85%; vertical-align: text-top">(10)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,250</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">828,930</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">James A. Valentine<SUP style="font-size: 85%; vertical-align: text-top">(11)-</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,600</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Walter R. Tankersley<SUP style="font-size: 85%; vertical-align: text-top">(12)-</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22,842</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Timothy R. Donovan<SUP style="font-size: 85%; vertical-align: text-top">(13)&#043;</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Governor Jim Edgar<SUP style="font-size: 85%; vertical-align: text-top">(14)&#043;</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Daniel M. Wright<SUP style="font-size: 85%; vertical-align: text-top">(15)&#043;</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Pekin Singer Strauss Asset Mgmt<SUP style="font-size: 85%; vertical-align: text-top">(16)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">738,091</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dimensional Fund Advisors LP<SUP style="font-size: 85%; vertical-align: text-top">(17)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">683,522</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Pennant Capital Management, LLC<SUP style="font-size: 85%; vertical-align: text-top">(18)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">577,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Advisory Research, Inc.<SUP style="font-size: 85%; vertical-align: text-top">(19)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">486,316</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">All directors and executive officers as a
group (16 persons all of whom are
stockholders or <BR>
optionholders)<SUP style="font-size: 85%; vertical-align: text-top">(3)(4)(5)(6)(7)(8)
(9)(10)(11)(12)(13)(14)(15)(20)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">186,526</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,465,294</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">94.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72.8</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">&#043;</TD>
    <TD>&nbsp;</TD>
    <TD>Denotes Director.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">-</TD>
    <TD>&nbsp;</TD>
    <TD>Denotes named executive officer.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Less than one percent.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Except as otherwise indicated below, beneficial ownership means the sole power
to vote and dispose of shares. In calculating each holder&#146;s percentage ownership and
beneficial ownership in the table above, shares of Common Stock which may be acquired
by the holder through the exercise of stock options exercisable on or within 60&nbsp;days of
September&nbsp;30, 2008, are included.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Each share of Class&nbsp;A Stock is convertible at the option of the holder thereof
at any time and from time to time into one share of Common Stock. In addition, the
Restated Certificate provides that Class&nbsp;A Stock may be transferred only to (a)&nbsp;Jasper
B. Sanfilippo or Mathias A. Valentine, (b)&nbsp;a spouse or lineal descendant of Jasper B.
Sanfilippo or Mathias A. Valentine, (c)&nbsp;trusts for the benefit of any of the foregoing
individuals, (d)&nbsp;entities controlled by any of the foregoing individuals, (e)&nbsp;us, or
(f)&nbsp;any bank or other financial institution as a bona fide pledge of shares of Class&nbsp;A
Stock by the owner thereof as collateral security for indebtedness due to the pledgee
(collectively, the &#147;Permitted Transferees&#148;), and that upon any transfer of Class&nbsp;A
Stock to someone other than a Permitted Transferee each share transferred will
automatically be converted into one share of Common Stock.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 32,609 shares of Class&nbsp;A Stock held by Jasper B. Sanfilippo as trustee
of the James J. Sanfilippo Trust, dated September&nbsp;26, 1991, 32,609 shares of Class&nbsp;A
Stock held by Jasper B. Sanfilippo as trustee of the Jasper B. Sanfilippo, Jr. Trust,
dated September&nbsp;23, 1991, 32,609 shares of Class&nbsp;A Stock held by Jasper B. Sanfilippo
as trustee of the Lisa Ann Sanfilippo Trust, dated October&nbsp;4, 1991, 32,609 shares of
Class&nbsp;A Stock held by Jasper B. Sanfilippo as trustee of the Jeffrey T. Sanfilippo
Trust, dated October&nbsp;4, 1991, and 32,609 shares of Class&nbsp;A Stock held by Jasper B.
Sanfilippo as trustee of the John E. Sanfilippo Trust, dated October&nbsp;2, 1991. The
beneficiaries of the aforementioned trusts are the children of Jasper and Marian
Sanfilippo (two of whom, Jasper B. Sanfilippo, Jr. and Jeffrey T. Sanfilippo, are
executive officers and directors of our company).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 21,000 shares of Common Stock held directly by Jasper B. Sanfilippo
and 18,832 shares of Common Stock held by Jasper B. Sanfilippo as a co-trustee of the
Sanfilippo Family Education Trust, the beneficiaries of which are the grandchildren of
Jasper and Marian Sanfilippo. As co-trustee, Jasper B. Sanfilippo shares voting power
over the 18,832 shares of Common Stock held in the trust.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 44,044 shares of Class&nbsp;A Stock held by Marian Sanfilippo as co-trustee
of the Jeffrey T. Sanfilippo Irrevocable Trust, dated October&nbsp;6, 2006, 44,044 shares of
Class&nbsp;A Stock held by Marian Sanfilippo as co-trustee of the Jasper B. Sanfilippo, Jr.
Irrevocable Trust, dated October&nbsp;6, 2006, 44,044 shares of Class&nbsp;A Stock held by Marian
Sanfilippo as co-trustee of the John E. Sanfilippo Irrevocable Trust, dated October&nbsp;6,
2006, 44,044 shares of Class&nbsp;A Stock held by Marian Sanfilippo as co-trustee of the
James J. Sanfilippo Irrevocable Trust, dated October&nbsp;6, 2006, and 44,044 shares of
Class&nbsp;A Stock held by Marian Sanfilippo as co-trustee of the Lisa A. Evon Irrevocable
Trust, dated October&nbsp;6, 2006. The beneficiaries of the aforementioned trusts are the
children of Jasper and Marian Sanfilippo (two of whom, Jasper B. Sanfilippo, Jr. and
Jeffrey T. Sanfilippo are executive officers and directors of our company). As
co-trustee, Marian Sanfilippo shares voting power over the aggregate 220,220 shares of
Class&nbsp;A Stock held in the aforementioned trusts.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 8,152 shares of Common Stock held directly by Mrs.&nbsp;Sanfilippo and
18,832 shares of Common Stock held as a co-trustee of the Sanfilippo Family Education
Trust, the beneficiaries of which are the grandchildren of Jasper and Marian
Sanfilippo. As co-trustee, Marian Sanfilippo shares voting power over the 18,832
shares of Common Stock held in the trust.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">





<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(7)</TD>
    <TD>&nbsp;</TD>
    <TD>On June&nbsp;21, 2004, a Schedule&nbsp;13D was filed jointly by the persons referenced in
the stock table (the&nbsp;&#147;Controlling&nbsp;Group&#148;). The Schedule&nbsp;13D was amended on March&nbsp;21,
2007 and January&nbsp;16, 2008. The Controlling Group made a single, joint filing to
reflect the formation of a &#147;group&#148; within the meaning of Section&nbsp;13(d)(3) of the
Securities Exchange Act of 1934, as amended (the&nbsp;&#147;Exchange&nbsp;Act&#148;). Except as expressly
set forth in the Schedule&nbsp;13D, each member of the Controlling Group disclaims
beneficial ownership of the Common Stock and Class&nbsp;A Stock beneficially owned by any
other member of the Controlling Group.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>By filing the Schedule&nbsp;13D, the members of the Controlling Group provided notice (a)&nbsp;that
they beneficially own, in the aggregate, securities controlling in excess of 50% of the
voting power of our common equity and (b)&nbsp;that they intend to act as a group. As a
result, we are a &#147;controlled company&#148; pursuant to Section&nbsp;4350(c)(5) of the Nasdaq
Marketplace Rules.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>The members of the Controlling Group are deemed to beneficially own an aggregate of
1,768,496 shares of Class&nbsp;A Stock and 106,636 shares of Common Stock, which includes
68.1% of the total outstanding shares of Class&nbsp;A Stock and 19.2% of the total outstanding
shares of Common Stock, assuming the conversion of all such shares of Class&nbsp;A Stock into
an equal number of shares of Common Stock. Based on the relative voting rights of the
Class&nbsp;A Stock and Common Stock, the Reporting Persons have or share 52.3% of the total
outstanding voting power of our common equity, assuming that the applicable shares of
Class&nbsp;A Stock are not converted into Common Stock.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>The beneficial ownership of Jasper B. Sanfilippo and Marian R. Sanfilippo is described in
footnotes (3), (4), (5)&nbsp;and (6)&nbsp;above. The beneficial ownership of the remainder of the
Controlling Group is as follows:</TD>
</TR>

</TABLE>




<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Jeffrey T. Sanfilippo</I></B>: The beneficial ownership of Jeffrey T. Sanfilippo includes
(a)&nbsp;18,832 shares of Common Stock held as a co-trustee of the Sanfilippo Family Education
Trust, the beneficiaries of which are the grandchildren of Jasper and Marian Sanfilippo,
(b)&nbsp;options to purchase 10,250 shares of Common Stock with a weighted average exercise
price of $17.430 per share on or within 60&nbsp;days of September&nbsp;30, 2008, (c)&nbsp;10,000 shares
of Common Stock held directly by Jeffrey T. Sanfilippo, (d)&nbsp;692,615 shares of Class&nbsp;A
Stock held as co-trustee of the Irrevocable Grantor-Retained Annuity Trust of Marian R.
Sanfilippo dated December&nbsp;5, 2007, (e)&nbsp;692,616 shares of Class&nbsp;A Stock held as co-trustee
of the Irrevocable Grantor-Retained Annuity Trust of Jasper B. Sanfilippo dated December
5, 2007, and (f)&nbsp;44,044 shares of Class&nbsp;A Stock held as co-trustee of the Jeffrey T.
Sanfilippo Irrevocable Trust, dated October&nbsp;6, 2006. As co-trustee, Jeffrey T.
Sanfilippo shares voting power over the 18,832 shares of Common Stock held in the
Sanfilippo Family Education Trust, the 44,044 shares of Class&nbsp;A Stock held in the Jeffrey
T. Sanfilippo Irrevocable Trust, dated October&nbsp;6, 2006, the 692,615 shares of Class&nbsp;A
Stock held in the Irrevocable Grantor-Retained Annuity Trust of Marian R. Sanfilippo,
dated December&nbsp;5, 2007, and the 692,616 shares of Class&nbsp;A Stock held in the Irrevocable
Grantor-Retained Annuity Trust of Jasper B. Sanfilippo, Sr., dated December&nbsp;5, 2007.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Jasper B. Sanfilippo, Jr.</I></B>: The beneficial ownership of Jasper B. Sanfilippo, Jr.
includes (a)&nbsp;options to purchase 10,250 shares of Common Stock with a weighted average
exercise price of $17.430 per share on or within 60&nbsp;days of September&nbsp;30, 2008, (b)
692,615 shares of Class&nbsp;A Stock held as co-trustee of the Irrevocable Grantor-Retained
Annuity Trust of Marian R. Sanfilippo dated December&nbsp;5, 2007, (c)&nbsp;692,616 shares of Class
A Stock held as co-trustee of the Irrevocable Grantor-Retained Annuity Trust of Jasper B.
Sanfilippo dated December&nbsp;5, 2007, and (d)&nbsp;44,044 shares of Class&nbsp;A Stock held as
co-trustee of the Jasper B. Sanfilippo, Jr. Irrevocable Trust, dated October&nbsp;6, 2006. As
co-trustee, Jasper B. Sanfilippo, Jr. shares voting power over the 44,044 shares of Class
A Stock held in the Jasper B. Sanfilippo, Jr. Irrevocable Trust, dated October&nbsp;6, 2006,
the 692,615 shares of Class&nbsp;A Stock held in the Irrevocable Grantor-Retained Annuity
Trust of Marian R. Sanfilippo, dated December&nbsp;5, 2007, and the 692,616 shares of Class&nbsp;A
Stock held in the Irrevocable Grantor-Retained Annuity Trust of Jasper B. Sanfilippo,
Sr., dated December&nbsp;5, 2007.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Lisa A. Evon</I></B>: The beneficial ownership of Lisa A. Evon includes 44,044 shares of
Class&nbsp;A Stock held as co-trustee of the Lisa A. Evon Irrevocable Trust, dated October&nbsp;6,
2006. As co-trustee, Lisa A. Evon shares voting power over the 44,044 shares of Class&nbsp;A
Stock held in the trust.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>John E. Sanfilippo</I></B>: The beneficial ownership of John E. Sanfilippo includes (a)
28,152 shares of Common Stock held directly by John E. Sanfilippo and (b)&nbsp;44,044 shares
of Class&nbsp;A Stock held as co-trustee of the John E. Sanfilippo Irrevocable Trust, dated
October&nbsp;6, 2006. As co-trustee, John E. Sanfilippo shares voting power over the 44,044
shares of Class&nbsp;A Stock held in the trust.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>James J. Sanfilippo</I></B>: The beneficial ownership of James J. Sanfilippo includes (a)
692,615 shares of Class&nbsp;A Stock held as co-trustee of the Irrevocable Grantor-Retained
Annuity Trust of Marian R. Sanfilippo dated December&nbsp;5, 2007, (b)&nbsp;692,616 shares of Class
A Stock held as co-trustee of the Irrevocable Grantor-Retained Annuity Trust of Jasper B.
Sanfilippo dated December&nbsp;5, 2007, and (c)&nbsp;44,044 shares of Class&nbsp;A Stock held as
co-trustee of the James J. Sanfilippo Irrevocable Trust, dated October&nbsp;6, 2006. As
co-trustee, James J. Sanfilippo shares voting power over the 44,044 shares of Class&nbsp;A
Stock held in the James J. Sanfilippo Irrevocable Trust, dated October&nbsp;6, 2006, the
692,615 shares of Class&nbsp;A Stock held in the Irrevocable Grantor-Retained Annuity Trust of
Marian R. Sanfilippo, dated December&nbsp;5, 2007, and the 692,616 shares of Class&nbsp;A Stock
held in the Irrevocable Grantor-Retained Annuity Trust of Jasper B. Sanfilippo, Sr.,
dated December&nbsp;5, 2007.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">Jeffrey T. Sanfilippo, Jasper B. Sanfilippo, Jr., Lisa A. Evon, John E. Sanfilippo and
James J. Sanfilippo, as co-trustees of the aforementioned trusts dated October&nbsp;6, 2006,
are also the sole beneficiaries under each respective trust. The beneficiary of the
Irrevocable Grantor-Retained Annuity Trust of Marian R. Sanfilippo dated December&nbsp;5, 2007
is Marian R. Sanfilippo and the beneficiary of the Irrevocable Grantor-Retained Annuity
Trust of Jasper B. Sanfilippo dated December&nbsp;5, 2007 is Jasper B. Sanfilippo.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">The information set forth in the table above and in the accompanying footnotes with
respect to Marian R. Sanfilippo, Lisa A. Evon, John E. Sanfilippo and James J. Sanfilippo
is based solely on the Schedule&nbsp;13D/A filed by the Controlling&nbsp;Group on January&nbsp;16, 2008.
</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>
<tr style="font-size: 6pt">
<TD>&nbsp;</TD>
</tr>

<TR valign="top">
    <TD nowrap align="left">(8)</TD>
    <TD>&nbsp;</TD>
    <TD>Excludes 32,609 shares of Class&nbsp;A Stock held by Jasper B. Sanfilippo as trustee
of the trusts described in footnote (3)&nbsp;above, the beneficiary of which is the
individual in the table that has a reference to this footnote (8)&nbsp;by his or her name.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(9)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 496,342&nbsp;shares of Class&nbsp;A Stock held as trustee of the following three
trusts under the Valentine Trust, dated March&nbsp;26, 1991: the Trust for Michael J.
Valentine under the Valentine Trust, dated March&nbsp;26, 1991, and the Trust for James A.
Valentine under the Valentine Trust, dated March&nbsp;16, 1991, each of which owns 165,447
shares of Class&nbsp;A Stock, and the Trust for Mary Jo Carroll under the Valentine Trust,
dated March&nbsp;26, 1991, which owns 165,448 shares of Class&nbsp;A Stock. The beneficiaries of
these trusts are the children of Mathias and Mary Valentine, including Michael J.
Valentine, an executive officer and a member of our Board of Directors, and James A.
Valentine, an executive officer. Includes options to purchase 10,250 shares of Common
Stock with a weighted average exercise price of $17.430 per share on or within 60&nbsp;days
of September&nbsp;30, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(10)</TD>
    <TD>&nbsp;</TD>
    <TD>Michael J. Valentine and Mathias A. Valentine have formed a group as reflected
by the Schedule&nbsp;13Ds filed on June&nbsp;21, 2004. The total beneficial ownership of the
group consists of 828,930 shares of Class&nbsp;A Stock and options to purchase 10,250 shares
of Common Stock with a weighted average exercise price of $17.430 per share on or
within 60&nbsp;days of September&nbsp;30, 2008, which represents 31.9% of the issued and
outstanding Class&nbsp;A Stock, and 9.5% of the issued and outstanding Common Stock assuming
the conversion of all such shares of Class&nbsp;A Stock into an equal number of shares of
Common Stock.</TD>
</TR>

</TABLE>




<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">Based on the relative voting rights of the Class&nbsp;A Stock and Common Stock, Michael J.
Valentine directly or indirectly controls 14.6%, while Mathias A. Valentine directly
controls 9.8% of the total outstanding voting
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">power of our common equity. In addition, the group directly controls 24.4% of the total
outstanding voting power of our common equity. These percentages assume that the
applicable shares of Class&nbsp;A Stock are not converted into Common Stock, and are
calculated using ten votes per share of Class&nbsp;A Stock.
</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>
<tr style="font-size: 3pt">
<TD>&nbsp;</TD>
</tr>

<TR valign="top">
    <TD nowrap align="left">(11)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes options to purchase 10,250 shares of Common Stock with a weighted
average exercise price of $17.430 per share on or within 60&nbsp;days of September&nbsp;30, 2008.
Excludes 165,447 shares of Class&nbsp;A Stock held as trustee by Michael J. Valentine
(Michael J. Valentine is our Chief Financial Officer and Group President and a director
of our company).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(12)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes options to purchase 22,150 shares of Common Stock with a weighted
average price of&nbsp;$13.070 per share on or within 60&nbsp;days of September&nbsp;30, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(13)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes options to purchase 5,000 shares of Common Stock with a weighted
average exercise price of $15.960 which are exercisable by Timothy R. Donovan on or
within 60&nbsp;days of September&nbsp;30, 2008. Excludes (a)&nbsp;34,087 shares of Common Stock held
by Mr.&nbsp;Donovan&#146;s spouse, Elaine Karacic, as trustee of certain trusts, the
beneficiaries of which are the children of Mr.&nbsp;Donovan and Ms.&nbsp;Karacic, (b)&nbsp;4,564
shares of Common Stock held by Ms.&nbsp;Karacic as trustee of a trust, the beneficiary of
which is Ms.&nbsp;Karacic&#146;s sibling, and (c)&nbsp;28,392 shares of Common Stock held by Ms.
Karacic in her name. Mr.&nbsp;Donovan disclaims beneficial ownership of all of the
foregoing excluded shares of Common Stock. Mr.&nbsp;Donovan&#146;s mailing address is in care of
Allied Waste Industries, Inc., 18500 N. Allied Way, Phoenix, Arizona 85054.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(14)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes options to purchase 7,500 shares of Common Stock with a weighted
average exercise price of $12.168 which are exercisable by Governor Jim Edgar on or
within 60&nbsp;days of September&nbsp;30, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(15)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes options to purchase 1,500 shares of Common Stock with a weighted
average exercise price of $14.240 per share on or within 60&nbsp;days of September&nbsp;30, 2008
which are exercisable by Daniel M. Wright on or within 60&nbsp;days of September&nbsp;30, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(16)</TD>
    <TD>&nbsp;</TD>
    <TD>The information set forth in the table above and in this footnote is based
solely on Form 13F-HR as of June&nbsp;30, 2008, filed by Pekin Singer Strauss Asset
Management dated July&nbsp;17, 2008. The principal office of Pekin Singer Strauss Asset
Management is 21 South Clark Street, Suite&nbsp;3325, Chicago, Illinois 60603.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(17)</TD>
    <TD>&nbsp;</TD>
    <TD>The information set forth in the table above and in this footnote is based
solely on Form 13F-HR as of June&nbsp;30, 2008, filed by Dimensional Fund Advisors LP dated
August&nbsp;14, 2008. The principal office of Dimensional Fund Advisors LP is 1299 Ocean
Avenue, Santa Monica, California 90401.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(18)</TD>
    <TD>&nbsp;</TD>
    <TD>The information set forth in the table above and in this footnote is based
solely on Form 13F-HR as of June&nbsp;30, 2008, filed by Pennant Capital Management, LLC
dated August&nbsp;1, 2008. The principal office of Pennant Capital Management, LLC is 26
Main Street, Chatham, New Jersey 07928.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(19)</TD>
    <TD>&nbsp;</TD>
    <TD>The information set forth in the table above and in this footnote is based
solely on Form 13F-HR as of June&nbsp;30, 2008, filed by Advisory Research, Inc. dated
August&nbsp;13, 2008. The principal office of Advisory Research, Inc. is 180 North Stetson,
Suite&nbsp;5500, Chicago, Illinois 60601.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(20)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes options to purchase a total of 131,400 shares of Common Stock
(including the options referred to in footnotes 7, 9, 10, 11, 12, 13, 14 and 15 above)
at prices ranging from $3.438 to $32.30 per share which are exercisable by certain of
the directors and executive officers on or within 60&nbsp;days of September&nbsp;30, 2008.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>PROPOSAL 1: ELECTION OF DIRECTORS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Eight directors are to be elected to serve until the next annual meeting of stockholders and until
their respective successors shall be elected and qualified. Two of such directors are to be
elected by the holders of Common Stock voting as a class and the remaining six directors are to be
elected by the holders of Class&nbsp;A Stock voting as a class. While the Board of
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Directors does not contemplate that any nominee for election as a director will not be able to
serve, if any of the nominees for election shall be unable or shall fail to serve as a director,
the holders of proxies shall vote such proxies for such other person or persons as shall be
determined by such holders in their discretion or, so long as such action does not conflict with
the provisions of our Restated Certificate relating to the proportion of directors to be elected by
the holders of Common Stock, the Board of Directors may, in its discretion, reduce the number of
directors to be elected.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>The Board of Directors recommends that the stockholders vote &#147;FOR&#148; each of the nominees listed
herein.</B>
</DIV>

<!-- link1 "NOMINEES FOR ELECTION BY THE HOLDERS OF COMMON STOCK" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>NOMINEES FOR ELECTION BY THE HOLDERS OF COMMON STOCK</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The name of and certain information regarding each nominee for election to our Board of Directors
by the holders of Common Stock, as reported to us, is set forth below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Governor Jim Edgar, Director</B>, age 62 &#150; Gov. Edgar is currently a Distinguished Fellow at the
University of Illinois Institute of Government and Public Affairs where he is also a teacher and
lecturer. He has been in this position since January&nbsp;1999. He was also a Resident Fellow at the
John F. Kennedy School of Government at Harvard University during the 1999 fall semester. Gov.
Edgar served as Governor of the State of Illinois from January&nbsp;14, 1991, through January&nbsp;11, 1999.
Prior to his election, Gov. Edgar served as the Illinois Secretary of State from 1981 to 1991.
Gov. Edgar&#146;s retirement from public office marked 30&nbsp;years of state government service. Gov. Edgar
serves on the board of directors of Alberto Culver Company, Horizon Group Properties, Inc. and
Youbet.com, Inc. Gov. Edgar has been a member of our Board of Directors since October&nbsp;1999 and is
a member of our Audit Committee and our Compensation Committee and is the chairman of our Corporate
Governance Committee (the &#147;Governance Committee&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Daniel M. Wright, Director</B>, age 70 &#150; Mr.&nbsp;Wright currently serves on the board of directors of RC2
Corporation, where he is the Chairman of the audit committee. Mr.&nbsp;Wright previously worked for
Arthur Andersen LLP for 37&nbsp;years as an auditor, where his clients consisted of privately-held and
registered public companies. Mr.&nbsp;Wright was a Partner with Arthur Andersen from 1973 through
August&nbsp;1998, and became a certified public accountant in 1968. Throughout his career, and since
his retirement in 1998, Mr.&nbsp;Wright has been active in numerous civic and philanthropic
organizations. Mr.&nbsp;Wright has been a member of our Board of Directors since October&nbsp;2005 and is a
member of our Compensation Committee and our Governance Committee and is the chairman of our Audit
Committee.
</DIV>

<!-- link1 "NOMINEES FOR ELECTION BY THE HOLDERS OF CLASS A STOCK" -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>NOMINEES FOR ELECTION BY THE HOLDERS OF CLASS A STOCK</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The name of and certain information regarding each nominee for election to our Board of Directors
by the holders of Class&nbsp;A Stock, as reported to us, is set forth below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Jasper B. Sanfilippo, Chairman of the Board</B>, age 77 &#150; Mr.&nbsp;Sanfilippo was employed by us from 1953
to his retirement as an employee of our company in January&nbsp;2008. Mr.&nbsp;Sanfilippo served as our
President from 1982 to December&nbsp;1995 and was our Treasurer from 1959 to October&nbsp;1991. He became
our Chairman of the Board and Chief Executive Officer in October&nbsp;1991 and has been a member of our
Board of Directors since 1959. Mr.&nbsp;Sanfilippo was also a member of our Compensation Committee
until April&nbsp;28, 2004 and was a member of the Stock Option Committee until February&nbsp;27, 1997 (when
that Committee was disbanded). Mr.&nbsp;Sanfilippo resigned as Chief Executive Officer of our company
in November&nbsp;2006 and as our employee Chairman of the Board on January&nbsp;10, 2008. Mr.&nbsp;Sanfilippo is
the father of Jasper B. Sanfilippo, Jr. and Jeffrey T. Sanfilippo, both of whom are executive
officers and directors of our company, the brother-in-law of Mathias A. Valentine, a director of
our company, the uncle of Michael J. Valentine, a director and an executive officer of our company,
and James A. Valentine, an executive officer of our company. Mr.&nbsp;Sanfilippo is also the uncle by
marriage of Timothy R. Donovan, a director of our company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Jasper B. Sanfilippo, Jr., Chief Operating Officer, President, Treasurer and Assistant Secretary
and Director</B>, age 40 &#150; Mr.&nbsp;Sanfilippo was appointed as a member of the Board of Directors in
December&nbsp;2003 upon the recommendation of our senior management and the unanimous approval of the
Board of Directors. Mr.&nbsp;Sanfilippo has been employed by us since 1992 and in 2001 was named
Executive Vice President Operations, retaining his position as Assistant Secretary, which he
assumed in December&nbsp;1995. He became our Senior Vice President Operations in August&nbsp;1999 and served
as
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Vice President Operations between December&nbsp;1995 and August&nbsp;1999. Prior to that, Mr.&nbsp;Sanfilippo was
the General Manager of our Gustine, California facility beginning in October&nbsp;1995, and from June
1992 to October&nbsp;1995 he served as Assistant Treasurer and worked in our Financial Relations
department. On May&nbsp;8, 2006, our company&#146;s Board of Directors approved a succession plan finalized
and adopted at the Board of Directors meeting held on November&nbsp;6, 2006. From and after November&nbsp;6,
2006, Mr.&nbsp;Sanfilippo has served as our Chief Operating Officer and President. In February&nbsp;2007,
Mr.&nbsp;Sanfilippo was appointed as Treasurer of our company. Mr.&nbsp;Sanfilippo is the son of Jasper&nbsp;B.
Sanfilippo, our Chairman of the Board, the nephew of Mathias&nbsp;A. Valentine, a member of the Board of
Directors, the brother of Jeffrey&nbsp;T. Sanfilippo and the cousin of Michael&nbsp;J. Valentine, both of
whom are executive officers and members of the Board of Directors, and James&nbsp;A. Valentine, one of
our executive officers. Mr.&nbsp;Sanfilippo is also a first cousin by marriage of Timothy&nbsp;R. Donovan, a
member of our Board of Directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Jeffrey T. Sanfilippo, Chief Executive Officer and Director</B>, age 45 &#150; Mr.&nbsp;Sanfilippo has been
employed by us since 1991 and was named our Executive Vice President Sales and Marketing in January
2001. Mr.&nbsp;Sanfilippo became a director of our company in August&nbsp;1999. He served as Senior Vice
President Sales and Marketing from August&nbsp;1999 to January&nbsp;2001 and as General Manager West Coast
Operations from September&nbsp;1991 to September&nbsp;1993. He served as Vice President West Coast
Operations and Sales from October&nbsp;1993 to September&nbsp;1995. He served as Vice President Sales and
Marketing from October&nbsp;1995 to August&nbsp;1999. On May&nbsp;8, 2006, our company&#146;s Board of Directors
approved a succession plan finalized and adopted at the Board of Directors meeting held on November
6, 2006. From and after November&nbsp;6, 2006, Mr.&nbsp;Sanfilippo has served as our Chief Executive
Officer. Mr.&nbsp;Sanfilippo is the son of Jasper B. Sanfilippo, our Chairman of the Board, the nephew
of Mathias A. Valentine, a director of our company, the brother of Jasper B. Sanfilippo, Jr., an
executive officer and director, the cousin of Michael J. Valentine, an executive officer and
director, and James A. Valentine, an executive officer. Mr.&nbsp;Sanfilippo is also a first cousin by
marriage of Timothy R. Donovan, a director of our company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Mathias A. Valentine, Director</B>, age 75 &#150; Mr.&nbsp;Valentine had been employed by us since 1960 and was
named our President in December&nbsp;1995. He served as our Secretary from 1969 to December&nbsp;1995, as
our Executive Vice President from 1987 to October&nbsp;1991 and as our Senior Executive Vice President
and Treasurer from October&nbsp;1991 to December&nbsp;1995. He has been a member of our Board of Directors
since 1969. Mr.&nbsp;Valentine was also a member of our Compensation Committee until April&nbsp;28, 2004 and
was a member of the Stock Option Committee until February&nbsp;27, 1997 (when that Committee was
disbanded). Mr.&nbsp;Valentine retired from our company on January&nbsp;3, 2006. Mr.&nbsp;Valentine is the
brother-in-law of Jasper B. Sanfilippo, our Chairman of the Board, the father of Michael J.
Valentine, a director and an executive officer, and James A. Valentine, an executive officer. Mr.
Valentine is the uncle of Jasper B. Sanfilippo, Jr. and Jeffrey T. Sanfilippo, both of whom are
executive officers and directors of our company. Mr.&nbsp;Valentine is also the uncle by marriage of
Timothy R. Donovan, a director of our company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Michael J. Valentine, Chief Financial Officer, Group President and Secretary and Director</B>, age 49 &#150;
Mr.&nbsp;Valentine has been employed by us since 1987 and in January&nbsp;2001 was named Executive Vice
President Finance, Chief Financial Officer and Secretary. Mr.&nbsp;Valentine was elected as a director
of our company in April&nbsp;1997. Mr.&nbsp;Valentine served as our Senior Vice President and Secretary from
August&nbsp;1999 to January&nbsp;2001. He served as Vice President and Secretary from December&nbsp;1995 to
August&nbsp;1999. He served as our Assistant Secretary and General Manager of External Operations from
June&nbsp;1987 and 1990, respectively, to December&nbsp;1995. On May&nbsp;8, 2006, our company&#146;s Board of
Directors approved a succession plan, which was finalized and adopted at the Board of Directors
meeting held on November&nbsp;6, 2006. Pursuant to the succession plan, Mr.&nbsp;Valentine was elected as
our company&#146;s Chief Financial Officer and Group President. In February&nbsp;2007, Mr.&nbsp;Valentine was
appointed as Secretary of our company. Mr.&nbsp;Valentine is the son of Mathias A. Valentine, a
director of our company, the brother of James A. Valentine, an executive officer of our company,
the nephew of Jasper B. Sanfilippo, our Chairman of the Board, and cousin of Jasper B. Sanfilippo,
Jr. and Jeffrey T. Sanfilippo, both of whom are executive officers and directors. Mr.&nbsp;Valentine is
also a first cousin by marriage of Timothy R. Donovan, a director of our company.
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Timothy R. Donovan, Director</B>, age 52 &#150; Mr.&nbsp;Donovan was named the Executive Vice President, General
Counsel, and Corporate Secretary for Allied Waste Industries in April&nbsp;2007. Mr.&nbsp;Donovan served in
various senior positions with Tenneco Inc. (formerly known as Tenneco Automotive Inc.) from
July&nbsp;1999 until his resignation in February&nbsp;2007, most recently as Executive Vice President,
Strategy and Business Development, and General Counsel. In addition to his duties as General
Counsel, Mr.&nbsp;Donovan also served as Managing Director of portions of Tenneco&#146;s international
operations from May&nbsp;2001 through July&nbsp;2005, including Asia (2001 through 2005), Australia (2004
through 2005) and South America (2001 through 2004), as a member of Tenneco&#146;s board of directors
from March&nbsp;2004 until February&nbsp;2007 and as a member of Tenneco&#146;s Office of the Chief Executive from
July&nbsp;2006 until January&nbsp;2007. Mr.&nbsp;Donovan was a partner in the law firm of Jenner &#038; Block LLP from
1989 until his resignation in September&nbsp;1999, and from approximately 1997 through 1999 served as
the Chairman of the firm&#146;s Corporate and Securities Department and as a member of its Executive
Committee. Mr.&nbsp;Donovan joined Jenner &#038; Block LLP in 1982 after serving as a staff trial attorney
at the Chicago District Counsel&#146;s Office of the Internal Revenue Service. Mr.&nbsp;Donovan was elected
as a member of our Board of Directors in October&nbsp;1999 and serves as a member of our Audit
Committee, a member of our Corporate Governance Committee and the chairman of our Compensation
Committee. Mr.&nbsp;Donovan is a nephew by marriage of Mr.&nbsp;Jasper B. Sanfilippo and Mr.&nbsp;Mathias A.
Valentine, both directors of our company, and the first cousin by marriage of Jasper B. Sanfilippo,
Jr., Jeffrey T. Sanfilippo, Michael J. Valentine and James A. Valentine, each of whom is an
executive officer and certain of whom are also directors.
</DIV>

<!-- link1 "CORPORATE GOVERNANCE" -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CORPORATE GOVERNANCE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Director Independence</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On June&nbsp;21, 2004, Jasper B. Sanfilippo, his spouse Marian Sanfilippo and their five children (two
of whom are directors and executive officers of our company) jointly filed a Schedule&nbsp;13D
indicating their intention to act together as a group. The Schedule&nbsp;13D was amended on March&nbsp;21,
2007 and January&nbsp;16, 2008. This group beneficially owns shares entitled to cast 52.3% of votes
eligible to be cast on matters submitted to stockholders generally (other than the election of
directors which are elected as described above). Accordingly, under Nasdaq Marketplace Rule
4350(c)(5), we qualify as a &#147;controlled company.&#148; Pursuant to the provisions of the Nasdaq rules
applicable to controlled companies, we are not required to have (a)&nbsp;a majority of independent
directors, (b)&nbsp;a nominations committee comprised solely of independent directors, or (c)&nbsp;a
compensation committee comprised solely of independent directors. Nevertheless, three of our
nominees for election to the Board of Directors are independent, and our Compensation Committee and
Governance Committee are comprised solely of independent directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A director is independent, under Nasdaq Marketplace Rule&nbsp;4200(a)(15) if (a)&nbsp;neither he, she nor
certain members of his or her family has been an executive officer of our company within the
previous three years; (b)&nbsp;he or she has not been an employee of the company at any time in the
previous three years; (c)&nbsp;neither he, she nor certain family members have accepted compensation
from the company (outside of certain identified compensation, such as payment for board service) in
excess of $120,000 in any twelve month period within the previous three years; (d)&nbsp;neither he, she
nor certain family members is a partner, controlling stockholder, or executive officer of an
organization to which the company made or from which the company received, payments for property or
services in the current or any of the past three fiscal years that exceed 5% of the recipient&#146;s
consolidated gross revenues for that year, or $200,000, whichever is more (except solely from
investments in the company&#146;s securities and payments under non-discretionary charitable
contribution matching programs); (e)&nbsp;neither he, she nor certain family members is an executive
officer of another entity where at any time during the past three years any of the executive
officers of the company served of the compensation committee of such other entity; (f)&nbsp;neither he,
she nor certain family members is a current partner of the company&#146;s outside auditor, or was a
partner or employee of the company&#146;s outside auditor who worked on the company&#146;s audit at any time
during any of the past three years; and (g)&nbsp;he or she does not have, in the opinion of the board of
directors, any relationships which would interfere with the exercise of independent judgment in
carrying out the responsibilities of a director. A family member is defined by Nasdaq Marketplace
Rule&nbsp;4200(a)(14) as including a person&#146;s spouse, parents, children and siblings, whether by blood,
marriage or adoption, or anyone residing in such person&#146;s home. Each of Jasper B. Sanfilippo and
Mathias A. Valentine is an uncle by marriage of Timothy R. Donovan and the Management Team members
are cousins of Timothy R. Donovan by marriage. However, because Timothy R. Donovan is not
considered a &#147;family member&#148; pursuant to the
</DIV>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Nasdaq rules, and, for the reasons discussed below, he qualifies as an independent director
pursuant to Nasdaq Marketplace Rule&nbsp;4200(a)(15).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Independence of the Board of Directors</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Board of Directors has determined that Governor Jim Edgar, Daniel M. Wright, and Timothy R.
Donovan are independent under Nasdaq Marketplace Rule&nbsp;4200(a)(15) and that such directors have no
material relationships with our company that would compromise their independence. At the Board of
Directors meeting held on November&nbsp;5, 2007, our Board of Directors reviewed the independence of the
non-management directors in accordance with Nasdaq Marketplace Rule&nbsp;4200(a)(15). In carrying out
that review, our Board of Directors sought to determine whether there are or have been any
relationships which would interfere with Gov. Jim Edgar, Daniel M. Wright, and Timothy R. Donovan&#146;s
exercise of independent judgment in carrying out their responsibilities as directors.
Specifically, our Board of Directors focused on their relationships with employees of our company
and whether they, their family members or entities in which they have a significant interest, paid
or received payments for property or services to or from our company. In particular, our Board of
Directors considered Timothy R. Donovan&#146;s familial relationship with certain members of the
Management Team, Jasper B. Sanfilippo, Mathias A. Valentine and Roseanne Christman, and unanimously
concluded that such relationship did not impact Timothy R. Donovan&#146;s independence because, among
other reasons: (a)&nbsp;his relationship with the Management Team, Jasper B. Sanfilippo, Mathias A.
Valentine and Roseanne Christman is sufficiently distant, in that the relationships to those
individuals are based upon marriage; and (b)&nbsp;in his role and experience as general counsel of
another public company, he has a full understanding of his responsibilities in respect to being an
independent director.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Independence of the Compensation Committee and Corporate Governance Committee</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a controlled company, we are not required to maintain independent committees overseeing our
compensation and nominating policies and practices. However, as a matter of good corporate
governance, the Board of Directors has nevertheless determined that the best interests of our
company and its stockholders are served by adopting such practices.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Compensation Committee is comprised of Timothy R. Donovan, Chairman, Gov. Jim Edgar and Daniel
M. Wright. The Governance Committee is comprised of Gov. Jim Edgar, Chairman, Daniel M. Wright and
Timothy R. Donovan. Each member of the Compensation Committee and Governance Committee is an
&#147;independent director&#148; as defined in Section&nbsp;4200(a)(15) of the Nasdaq Marketplace Rules.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Independence of the Audit Committee</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Board of Directors has determined that (a)&nbsp;each member of the Audit Committee is an
&#147;independent director&#148; as defined in Section&nbsp;4200(a)(15) of the Nasdaq Marketplace Rules and (b)
each member of the Audit Committee is &#147;independent&#148; for purposes of Section&nbsp;10A of the Exchange
Act.
</DIV>

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<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Board Meetings and Committees</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Board of Directors</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our Board of Directors met nine times during fiscal 2008. All directors attended at least 75% of
such meetings and the committees of the Board of Directors on which they served, and all directors
attended the 2007 annual meeting of stockholders. Standing committees of the Board of Directors
include the Audit Committee, the Compensation Committee and the Governance Committee. Each
committee has adopted a charter which governs their activities. These committee charters are
available on our website at <I>www.jbssinc.com.</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Compensation Committee</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On April&nbsp;28, 2004, the Board of Directors approved the termination of the Compensation Committee
and the creation of the Compensation Nominating and Governance Committee (the &#147;CNG Committee&#148;). On
November&nbsp;5, 2007 (during fiscal 2008) the Board of Directors approved the termination of the CNG
Committee and created two separate committees, the
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Compensation Committee and the Governance Committee. The Compensation Committee is comprised of
Timothy R. Donovan, Chairman, Gov. Jim Edgar and Daniel M. Wright, who are independent directors as
described above. The CNG Committee held five meetings during fiscal 2008 and the Compensation
Committee held two meetings during fiscal 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Compensation Committee reviews and makes recommendations to the Board of Directors with respect
to the salaries, equity and other compensation of executive officers and non-management directors.
The Compensation Committee may solicit recommendations as to compensation of directors and
executive officers from other members of the Board of Directors and executive officers. The
Compensation Committee may review market comparisons of the compensation of the Chief Executive
Officer and other executive officers that are prepared by its compensation consultant and our
company. In carrying out its purposes, the Compensation Committee is authorized to take all actions
that it deems necessary or appropriate and may draw upon and direct such internal resources of the
company and may engage such compensation consultants, search firms, legal advisors and other
advisors as it shall deem desirable from time to time, at the cost and expense of the company. The
Compensation Committee has the sole authority to retain and terminate any such consultant, firm or
advisor, including the sole authority to determine fees and terms of retention.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In fiscal 2008, the CNG Committee engaged ExeQuity LLP (&#147;ExeQuity&#148;), an independent compensation
consultant, to review proposed fiscal 2008 base salaries, conduct certain market analysis, review
the proposed Sanfilippo Value Added Plan (the &#147;SVA Plan&#148;) and related targets, advise the CNG
Committee with respect to 2008 stock option grants pursuant to the 1998 Plan, review the proposed
2008 Equity Incentive Plan and advise the Compensation Committee on the compensation of
non-management directors. The results of ExeQuity&#146;s review were used by the CNG Committee in
determining executive officer and non-management director compensation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Compensation Committee is also authorized to delegate to a subcommittee thereof the
responsibilities provided for under its charter, so long as the member or members of such
subcommittee are independent directors as contemplated by its charter.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Compensation Committee Interlocks and Insider Participation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During fiscal year 2008, Gov. Jim Edgar (the Chairman of the CNG Committee until the CNG Committee
was terminated on November&nbsp;5, 2007), Timothy R. Donovan (the Chairman of the Compensation
Committee) and Daniel M. Wright served as the sole members of the CNG Committee and Compensation
Committee. Neither Governor Jim Edgar, Daniel M. Wright nor Timothy R. Donovan (a)&nbsp;was, during the
fiscal year, an officer or employee of the company, (b)&nbsp;was formerly an officer of the company, or
(c)&nbsp;had any related party transactions with the company other than those listed below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Roseanne Christman, Director of Corporate Marketing &#150; Private Brands, is the sister-in-law of
Timothy R. Donovan. Roseanne Christman&#146;s total compensation for fiscal 2008 was $184,227 including
$42,925 related to incentive plan compensation pursuant to our company&#146;s SVA Plan. The CNG
Committee, of which Mr.&nbsp;Donovan is a member, did not set Roseanne Christman&#146;s salary. However, the
Audit Committee reviews and approves her salary along with other related persons. See &#147;Review of
Related Party Transactions&#148; below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">No executive officer of our company served on any board of directors or compensation committee of
any other company for which any of our directors served as an executive officer at any time during
fiscal year 2008.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Corporate Governance Committee</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On April&nbsp;28, 2004, the Board of Directors approved the termination of the Compensation Committee
and the creation of the CNG Committee. On November&nbsp;5, 2007, the Board of Directors approved the
termination of the CNG Committee and created the Compensation Committee and the Governance
Committee. The Governance Committee was formed in order to, among other things, help assist our
company in further refining its corporate governance policies and procedures. The Governance
Committee is comprised of Gov. Jim Edgar, Chairman, Timothy R. Donovan and Daniel M. Wright, who
are independent directors as described above. The CNG Committee held five meetings during fiscal
2008 and the Governance Committee held one meeting during fiscal 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Governance Committee screens candidates considered for election to the Board of Directors. The
Governance Committee makes recommendations on matters related to the practices, policies and
procedures of the Board of Directors and takes a leadership role in shaping our system of corporate
governance. As part of its duties, the Governance Committee assesses the size, structure and
composition of the Board of Directors and committees of the Board of Directors
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">and coordinates evaluation of the Board of Directors&#146; performance.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Audit Committee</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The company has a separately-designated standing audit committee. The Audit Committee provides
oversight on matters relating to accounting, financial reporting, internal control, auditing and
regulatory compliance activities. The Audit Committee also has sole authority to retain and
terminate the Independent Registered Public Accounting Firm that audits our annual consolidated
financial statements, evaluates the independence of the auditors, and arranges with the auditors
the scope of the audit to be undertaken by them. In addition, this committee reviews our audited
financial statements with management and the Independent Registered Public Accounting Firm,
recommends whether such audited financial statements should be included in our Annual Report on
Form 10-K and prepares a report to stockholders to be included in our proxy statement. Further,
the Audit Committee reviews related party transactions for potential conflict of interest
situations and makes inquiries as to whether such transactions would stand the test of competitive
bids or arms length negotiations with an independent party. The Audit Committee is comprised of
Daniel M. Wright, Chairman, Timothy R. Donovan and Gov. Jim Edgar. The Audit Committee held six
meetings during fiscal 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Board of Directors has determined that (a)&nbsp;each member of the Audit Committee is an
&#147;independent director&#148; as defined in Section&nbsp;4200(a)(15) of the Nasdaq Marketplace Rules, (b)&nbsp;each
member of the Audit Committee is &#147;independent&#148; for purposes of Section&nbsp;10A of the Exchange Act, and
(c)&nbsp;Mr.&nbsp;Wright, the Chairman of the Audit Committee, and Mr.&nbsp;Donovan, a member of the Audit
Committee, are &#147;audit committee financial experts&#148; as defined by the Securities and Exchange
Commission (the &#147;Commission&#148;). With respect to its assessment of whether Messrs.&nbsp;Wright and
Donovan are &#147;audit committee financial experts&#148;, the Board of Directors, considered, among other
things, Messrs.&nbsp;Wright and Donovan&#146;s experience as described under &#147;Nominees for Election by the
Holders of Common Stock&#148; and &#147;Nominees for Election by the Holders of Class&nbsp;A Stock&#148;, respectively.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Stockholder Communication with Directors</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We recognize the importance of providing our stockholders with the ability to communicate with
members of the Board of Directors. Accordingly, we have established a policy for stockholder
communications with directors. This policy is not intended to cover communications of complaints
regarding accounting or auditing matters, with respect to which we have established the &#147;Anonymous
Incident Reporting System for Accounting and Auditing Matters,&#148; which is posted on our website at
<I>www.jbssinc.com</I>. Stockholders wishing to communicate with the Board of Directors as a whole, or
with certain directors individually, may do so by sending a written communication to the following
address:
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">John B. Sanfilippo &#038; Son, Inc.<BR>
Stockholder Communications with Directors<BR>
Attn: Corporate Secretary<BR>
1703 N. Randall Road<BR>
Elgin, Illinois 60123-7820

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each stockholder communication should include an indication of the submitting stockholder&#146;s status
as a stockholder and eligibility to submit such communication. Each such communication will be
received for handling by our Secretary for the sole purpose of determining whether the contents
represent a communication to the Board of Directors or an individual director. The Secretary will
maintain originals of each communication received and provide copies to the addressee(s) and any
appropriate committee(s) or director(s) based on the expressed desire of the communicating
stockholder. The Board of Directors or the applicable individual director may elect to respond to
the communication as each deems appropriate.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Director Attendance at Meetings</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It is expected that each member of the Board of Directors will be available to attend all regularly
scheduled meetings of the Board of Directors and any committees on which the director may serve, as
well as our annual meeting of stockholders, after taking into consideration the director&#146;s other
business and professional commitments. Each director is expected to make his or her best effort to
attend all special Board of Directors and committee meetings.
</DIV>


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<DIV align="left"><A NAME="005"></A></DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>DIRECTOR NOMINATIONS</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Director Qualifications</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">While there is no single set of characteristics required to be possessed by each member of the
Board of Directors, the Governance Committee will consider whether to nominate a candidate for
director based on a variety of criteria, including: (a)&nbsp;the candidate&#146;s personal integrity; (b)
whether the candidate has demonstrated achievement in one or more forms of business, professional,
governmental, communal, scientific or educational endeavors sufficient to enable the candidate to
make a significant and immediate contribution to the Board of Directors&#146; discussion and
decision-making in the array of complex issues facing our company; (c)&nbsp;the level of familiarity of
the candidate with our business and competitive environment; (d)&nbsp;the ability of the candidate to
function effectively in an oversight role; (e)&nbsp;the candidate&#146;s understanding of the issues
affecting public companies of a size and complexity commensurate with our business; and (f)&nbsp;whether
the candidate has, and is prepared to devote, adequate time to the Board of Directors and its
committees. Under exceptional and limited circumstances, the Governance Committee may approve the
candidacy of a candidate notwithstanding the foregoing criteria if the Governance Committee
believes the service of such nominee is in our best interests and those of our stockholders. In
addition, the Governance Committee will ensure that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>at least three of the directors serving at any time on the Board of
Directors are independent, as defined under the rules of the principal
stock market on which our common shares are listed for trading;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all three of the directors satisfy the financial literacy requirements
required for service on the audit committee under the rules of the
principal stock market on which our common shares are listed for
trading;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>at least one of the directors qualifies as an audit committee
financial expert under the rules of the Commission; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>at least one of the independent directors has experience as a senior
executive of a public or substantial private company.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">However, the Governance Committee considers certain items to be minimum requirements for nomination
to our Board of Directors. Those requirements are: (a)&nbsp;a commitment to the duties and
responsibilities of a director, (b)&nbsp;the ability to contribute meaningfully to the Board of
Directors&#146; supervisory management of the company and its officers, and (c)&nbsp;an outstanding record of
integrity in prior professional activities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In selecting a nominee for our Board of Directors, the Governance Committee may receive suggestions
from many groups including, but not limited to the company&#146;s current and former executive officers
and current and former board members, which may or may not be in response to a request from the
Governance Committee. As described below, the Governance Committee will also consider nominations
from stockholders. From time to time, the Governance Committee may engage a third party for a fee
to assist it in identifying potential director candidates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Governance Committee may then evaluate the potential nominee using information collected from a
variety of sources. Those sources include, but are not limited to, publicly available information,
information provided by knowledgeable members of the company and information provided by the
candidate. The Governance Committee may contact the potential nominee to determine his or her
interest and willingness to serve as a director and may conduct one or more in person or telephonic
interviews with the candidate. The Governance Committee may contact references of the candidate or
other members of the professional community who may have relevant knowledge of the candidate&#146;s
qualifications and successes. The Governance Committee may compare the information to all such
information collected for other potential candidates.
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Nominations of Directors by Stockholders</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Governance Committee does not solicit, but will consider, nominees for director submitted by
holders of our Common Stock and Class&nbsp;A Stock. The Governance Committee follows the same process
and uses the same criteria for evaluating candidates proposed by stockholders as it uses for all
other candidates, although the number of shares held and the length of time such shares have been
held may be considered by the Governance Committee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Stockholders wishing to have the Governance Committee consider a director nominee may do so by
sending the nominee&#146;s name, biographical information and qualifications to the Governance Committee
in care of the Secretary, John B. Sanfilippo &#038; Son, Inc., 1703 N. Randall Road, Elgin, Illinois
60123-7820. Under our company&#146;s Bylaws, all director nominations submitted by our stockholders must
provide (a)&nbsp;all information relating to the nominee that is required to be disclosed in
solicitations of proxies for election of directors in an election contest or is otherwise required,
in each case pursuant to and in accordance with Regulation&nbsp;14A under the Exchange Act and (b)&nbsp;the
nominee&#146;s written consent to being named in the proxy statement as a nominee and to serving as a
director if elected. In addition, such notice shall include, as to the stockholder giving the
notice and the beneficial owner, if any, on whose behalf the nomination or proposal is made (a)&nbsp;the
name and address of such stockholder, as they appear on our company&#146;s books, and of such beneficial
owner, (b)&nbsp;the class and number of shares stock of our company which are owned beneficially and of
record by such stockholder and such beneficial owner, (c)&nbsp;a representation that the stockholder is
a holder of record of stock of our company entitled to vote at such meeting and intends to appear
in person or by proxy at the meeting to propose the nominee, and (d)&nbsp;a representation whether the
stockholder or the beneficial owner, if any, intends or is part of a group which intends to (i)
deliver a proxy statement and/or form of proxy to holders of at least the percentage of our
company&#146;s outstanding capital stock required to approve or adopt the proposal or elect the nominee
and/or (ii)&nbsp;otherwise to solicit proxies from stockholders in support of such proposal or
nomination. The foregoing requirements will be deemed satisfied by a stockholder if the stockholder
has notified our company of his, her or its intention to present a nomination at an annual meeting
in compliance with applicable rules and regulations promulgated under the Exchange Act and such
stockholder&#146;s nomination has been included in a proxy statement that has been prepared by our
company to solicit proxies for such annual meeting. Our company may require any proposed nominee
to furnish such other information as it may reasonably require to determine the eligibility of such
proposed nominee to serve as a director of our company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Please see &#147;Stockholder Proposals for the 2009 Annual Meeting&#148; below for the notice deadlines for
stockholder nominations to be considered for inclusion in our company&#146;s proxy materials and
stockholder nominations to be presented at the 2009 annual meeting (but not to be included in our
company&#146;s proxy materials).
</DIV>

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<DIV align="left"><A NAME="006"></A></DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>AUDIT COMMITTEE REPORT</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee has reviewed and discussed with management and PricewaterhouseCoopers LLP
(PwC), the company&#146;s Independent Registered Public Accounting Firm for fiscal 2008, the company&#146;s
audited financial statements as of June&nbsp;26, 2008, and for the year ending on that date. Management
is responsible for the company&#146;s financial reporting process, including maintaining a system of
internal controls, and for preparing the consolidated financial statements in accordance with U.S.
generally accepted accounting principles (GAAP). PwC is responsible for auditing those financial
statements and for expressing an opinion on the conformity of the financial statements with GAAP.
In addition, in accordance with Section&nbsp;404 of the Sarbanes-Oxley Act of 2002, the Audit Committee
reviewed and discussed with management, the company&#146;s internal auditors and PwC, management&#146;s
report on the operating effectiveness of internal control over financial reporting in accordance
with Section&nbsp;404 of the Sarbanes-Oxley Act of 2002, including
PwC&#146;s related report.</div>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee has also discussed with PwC the matters required by Statement on Auditing
Standards No.&nbsp;114, <I>The Auditors&#146; Communication with Those Charged with Governance</I>, by the Auditing
Standards Board of the American Institute of Certified Public Accountants (which Statement on
Auditing Standards superseded Statement on Auditing Standards No.&nbsp;61, <I>Communication with Audit
Committees</I>). In addition, the Audit Committee has received and reviewed the written disclosures
from PwC required by Independence Standard No.&nbsp;1, <I>Independence Discussions with Audit Committees</I>,
as amended, and as adopted by the Public Company Accounting Oversight Board. The Audit Committee
also has discussed with PwC its independence, including the compatibility of non-audit services
with maintaining PwC&#146;s
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->15<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">independence. Based on the foregoing discussions and reviews, the Audit Committee has satisfied
itself as to the independence of PwC.

<BR><BR style="font-size: 6pt">

In reliance on the reviews and discussions described above, the Audit Committee recommended to the
Board of Directors, and the Board of Directors approved, the inclusion of the audited financial
statements in the company&#146;s Annual Report on Form 10-K for the year ended June&nbsp;26, 2008, for filing
with the Commission.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Respectfully submitted by the members of the Audit Committee of the Board of Directors.</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Daniel M. Wright, Chairman<BR>
Timothy R. Donovan<BR>
Governor Jim Edgar

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>The information contained in the preceding report shall not be deemed to be &#147;soliciting material&#148;
or to be &#147;filed&#148; with the Commission, nor shall such information be incorporated by reference into
any future filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the
extent that we specifically incorporate it by reference in such filing.</I>
</DIV>

<!-- link1 "COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS" -->
<DIV align="left"><A NAME="007"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS</B>
</DIV>

<!-- link1 "Compensation of Directors" -->
<DIV align="left"><A NAME="008"></A></DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Compensation of Directors</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During fiscal 2008, compensation to directors who were not employees of our company was paid at the
rate of $31,200 per year plus $1,600 for each Board of Directors or committee meeting attended and
$1,100 for each telephonic meeting of the Board of Directors or committee meeting in which they
participated. In addition, the Audit Committee Chairman was paid at the rate of $10,400 per year,
the CNG Committee Chairman was paid at a rate of $5,200 per year through the first two quarters of
fiscal 2008 at which time the CNG Committee was terminated, the Compensation Committee Chairman was
paid at a rate of $10,400 per year beginning in the third quarter of fiscal 2008 at which time the
Compensation Committee was established and the Governance Committee Chairman was paid at a rate of
$5,200 per year beginning in the third quarter of fiscal 2008 at which time the Governance
Committee was established. Directors are also reimbursed for their reasonable expenses incurred in
attending such meetings. Directors who are employees of our company receive no additional
compensation for their services as directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the 1998 Equity Incentive Plan, as amended (the &#147;1998 Plan&#148;), a director who was not an
employee of our company, our subsidiary, or any of their affiliates (an &#147;Outside Director&#148;) was
granted an option to purchase 1,000 shares of Common Stock on the date of his or her election to
the Board of Directors, and on each date of his or her re-election to the Board of Directors.
Although Jasper B. Sanfilippo and Mathias A. Valentine are Outside Directors, they were not
eligible to participate in the 1998 Plan. Options granted to Outside Directors under the 1998 Plan
were granted at an exercise price equal to the Fair Market Value (as defined in the 1998 Plan) of a
share of Common Stock on the date of grant and become exercisable in equal increments of 250 shares
of Common Stock on the first four anniversaries of the date of grant and expire ten years following
the date of grant. On November&nbsp;5, 2007, Mr.&nbsp;Wright, Mr.&nbsp;Donovan and Gov. Edgar each were granted
an option to purchase up to 1,000 shares of Common Stock at an exercise price of $8.75 per share
under the 1998 Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The aggregate compensation paid to or earned by non-employee directors during fiscal 2008 was
$291,979, as detailed in the following table:
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->16<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Director Compensation for Fiscal Year 2008</B>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Committee</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Total</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Cash</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Chairman</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Meeting</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Stock</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Compensation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Retainer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Retainer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Fees</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Options</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(1)</B></SUP></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-BOTTOM: 1px solid #000000"><B>Director</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-BOTTOM: 1px solid #000000"><B>$</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-BOTTOM: 1px solid #000000"><B>$</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-BOTTOM: 1px solid #000000"><B>$</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-BOTTOM: 1px solid #000000"><B>$</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-BOTTOM: 1px solid #000000"><B>$</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Timothy R. Donovan<SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81,584</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,800</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,184</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Governor Jim Edgar<SUP style="font-size: 85%; vertical-align: text-top">(3)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76,384</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,800</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,184</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Daniel M. Wright<SUP style="font-size: 85%; vertical-align: text-top">(4)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73,211</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,800</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,011</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Mathias A. Valentine<SUP style="font-size: 85%; vertical-align: text-top">(5)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,700</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jasper B. Sanfilippo<SUP style="font-size: 85%; vertical-align: text-top">(6)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,600</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,300</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="19" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>291,979</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>140,400</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20,800</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>109,400</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>21,379</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>The amounts in the Stock Option column reflect the dollar amount recognized for financial
statement reporting purposes for the year ended June&nbsp;26, 2008, in accordance with SFAS 123R
and include amounts attributable to stock options granted under our 1998 Plan, without regard
to the possibility of forfeitures. A discussion of the assumptions used in calculating the
amounts shown in the column may be found in Note 9 to our audited consolidated financial
statements for the year ended June&nbsp;26, 2008, included in our Annual Report on Form 10-K filed
with the Commission on August&nbsp;28, 2008. The grant date fair value on November&nbsp;5, 2007, of the
1,000 stock options awarded to each director in fiscal 2008, with the exception of Mathias A.
Valentine and Jasper B. Sanfilippo who are not eligible to participate in the 1998 Plan, was
$4,944. These amounts reflect our company&#146;s accounting expense for these awards for
accounting purposes and do not correspond to the actual value, if any, that may be recognized
by the directors.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>As of June&nbsp;26, 2008, Mr.&nbsp;Donovan had 6,500 stock options outstanding.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>As of June&nbsp;26, 2008, Gov. Edgar had 9,000 stock options outstanding.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>As of June&nbsp;26, 2008, Mr.&nbsp;Wright had 3,000 stock options outstanding.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Valentine retired as our President on January&nbsp;3, 2006. At that time, he became entitled
to the compensation paid to our non-employee directors, except that Mr.&nbsp;Valentine was not
eligible to participate in the 1998 Plan.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Sanfilippo retired as an employee of our company on January&nbsp;10, 2008. At that time, he
became entitled to the compensation paid to our non-employee directors, except that Mr.
Sanfilippo was not eligible to participate in the 1998 Plan.</TD>
</TR>

</TABLE>


<!-- link1 "COMPENSATION DISCUSSION AND ANALYSIS" -->
<DIV align="left"><A NAME="009"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>COMPENSATION DISCUSSION AND ANALYSIS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following is a discussion of our compensation paid to Jeffrey T. Sanfilippo, our Chief
Executive Officer, Jasper B. Sanfilippo, Jr., our Chief Operating Officer and President, Michael J.
Valentine, our Chief Financial Officer and Group President, James A. Valentine, our Chief
Information Officer and Walter R. Tankersley, our Senior Vice President of Industrial Sales (the
foregoing, the &#147;named executive officers&#148;) and an analysis of the compensation decisions affecting
our named executive officers during fiscal year 2008. Pursuant to a succession plan adopted by our
Board of Directors, in November&nbsp;2006, Jasper B. Sanfilippo resigned as our Chief Executive Officer
and Jeffrey T. Sanfilippo, Jasper B. Sanfilippo, Jr., Michael J. Valentine and James A. Valentine
(the &#147;Management Team&#148;) were appointed to their respective positions. Jasper B. Sanfilippo became
our non-employee Chairman of the Board in January&nbsp;2008. The resignation of Jasper B. Sanfilippo as
our Chief Executive Officer and the subsequent election of the Management Team to their respective
positions marked a historic change in our company, as the next generation of members of the
Sanfilippo and Valentine families assumed oversight of our company&#146;s day-to-day operations.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->17<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link1 "Publicly Traded and Family-Owned" -->
<DIV align="left"><A NAME="010"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Publicly Traded and Family-Owned</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 1922, Gaspare Sanfilippo and his son, John Sanfilippo, founded our company as a small storefront
pecan shelling operation located in Chicago, Illinois. In 1959, our company began to diversify by
beginning to roast a variety of nut types. In 1963, Jasper Sanfilippo, Gaspare Sanfilippo&#146;s
grandson and our current Chairman of the Board, assumed the management of our company. Over the
next forty years, Jasper Sanfilippo, along with Mathias A. Valentine, Jasper Sanfilippo&#146;s
brother-in-law and current member of the board, expanded our company from a storefront operation in
Chicago, Illinois, to a publicly traded nut company with operations located in Illinois, Texas,
Georgia, California and North Carolina.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Unlike most other publicly traded companies, our company remains largely family owned and
controlled. As discussed elsewhere in this proxy statement, the Sanfilippo and Valentine families
control 52.3% and 24.3%, respectively, of the voting control of our company. In addition, our
Board and our company&#146;s management continue to be comprised of members of the Sanfilippo and
Valentine families. Jasper B. Sanfilippo is the father of (and Mathias A. Valentine is the uncle
of) Jeffrey T. Sanfilippo and Jasper B. Sanfilippo, Jr. Mathias A. Valentine is the father of (and
Jasper B. Sanfilippo is the uncle of) Michael J. Valentine and James A. Valentine.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Because the Sanfilippo family controls 52.3% of voting control of our company, under Nasdaq
Marketplace Rule&nbsp;4350(c)(5), we qualify as a &#147;controlled company.&#148; In accordance with the
provisions of the Nasdaq rules applicable to controlled companies, we are not required to have a
compensation committee comprised solely of independent directors. Even though our company is not
required to have an independent compensation committee, we nonetheless decided to comply
voluntarily with the Nasdaq provision. Accordingly, our Compensation Committee is comprised of
Timothy R. Donovan, Daniel M. Wright and Governor Jim Edgar, all of whom are independent directors
under Nasdaq rules. As discussed below, when making decisions regarding the compensation of the
named executive officers and other members of our executive team, the unique structure of our
company impacts the Compensation Committee&#146;s decision-making process.
</DIV>

<!-- link1 "The Role of the Compensation Committee" -->
<DIV align="left"><A NAME="011"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>The Role of the Compensation Committee</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Compensation Committee of the Board of Directors, among other things, administers our company&#146;s
executive compensation program. The purpose of the Compensation Committee is as follows:

</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To oversee the establishment of annual, long-term and other performance goals and
objectives relevant to the compensation of the Chief Executive Officer and other
executive officers;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Evaluate the performance of the Chief Executive Officer and other executive officers;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and recommend to the Board of Directors for approval the manner and amount of
compensation and all other employment related terms and agreements with respect to
the Chief Executive Officer and all other executive officers;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and recommend to the Board of Directors for approval retirement, health and
welfare and other benefit plans, policies and arrangements for the named executive
officers of our company;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Administer all stock option, equity-related, incentive and other performance-related
compensation plans and grant stock options and other awards; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review from time to time market comparisons of the compensation of the Chief
Executive Officer and other executive officers.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our company&#146;s compensation philosophy is based upon principles designed to align executive
compensation with our company&#146;s objectives, management initiatives and business financial
performance. In making decisions with respect to
</DIV>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">executive compensation, the Board of Directors and the Compensation Committee apply the following
key principles, among others:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Total compensation should be comparable (yet conservative) to that
paid by our company&#146;s primary competitors, to enable our company to
attract and retain key executives critical to our success;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our company should reward executives for long-term strategic
management and the enhancement of stockholder value;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our company should support a performance-oriented environment that
rewards performance based on our company&#146;s performance and the
individual executive&#146;s performance; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our total compensation structure should balance the costs and benefits
associated with short-term versus long-term compensation and cash
versus non-cash compensation to achieve continuous improvement in
financial performance and enhance employee retention and recruiting.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">With respect to all areas of compensation, the Compensation Committee regularly communicates with
management. For example, management is usually present for a portion of every Compensation
Committee meeting. This allows the Compensation Committee to solicit management&#146;s feedback
regarding various compensation matters, such as management&#146;s views regarding salary increases,
equity compensation and the components of the SVA Plan.
</DIV>

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<DIV align="left"><A NAME="012"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Overview of Fiscal 2008 Executive Compensation Program</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our total compensation program for the named executive officers and other executive officers in
fiscal 2008 consisted of both cash and equity based compensation in the form of stock options.
Each executive officer&#146;s annual cash compensation is comprised of a base salary and eligibility for
annual incentive compensation under the SVA Plan, which rewards participants for year-over-year
improvement in our net operating profit after tax in excess of our annual cost of capital, as
determined using the average expected return on our company&#146;s debt and equity capital.&nbsp; In addition
to other standard benefits available to all salaried employees, we provide life insurance
(including split-dollar life insurance) and participation in a Supplemental Employee Retirement
Plan (&#147;SERP&#148;) for certain named executive officers.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Direct Compensation</I></B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Salary</B>. In establishing named executive officer compensation, the Compensation Committee
recommends to the Board of Directors the level of base salary for named executive officers,
including the Chief Executive Officer, and the executive officers. The Compensation Committee
generally determines such salary based on a number of factors and criteria, including the salaries
paid by us to our named executive officers during the immediately preceding year, guidelines for
market increases to base salaries suggested by the Compensation Committee&#146;s independent consultant,
our performance during the immediately preceding fiscal year, the performance of the named
executive officers and executive officers during the immediately preceding fiscal year, the
salaries paid to the named executive officers of a select number of other companies engaged in a
similar business to our company (the&nbsp;&#147;Food Industry Comparison Group&#148;) and the salaries paid to the
named executive officers of a broad range of other publicly traded companies (the &#147;Broad Industry
Comparison Group&#148;). The Compensation Committee also regularly utilizes independent consultants,
who assist the Compensation Committee in establishing executive salaries. The weight and
importance given each year to the foregoing factors, the individual components of each factor and
the decision whether to consider additional factors lies within the subjective discretion of the
Compensation Committee. For fiscal 2008, the CNG Committee (prior to the creation of a separate
Compensation Committee), when determining base salaries of our named executive officers and
executive officers, considered (a)&nbsp;the Management Team&#146;s collaborative approach to management, (b)
the CNG Committee&#146;s historical practices, (c)&nbsp;the salaries paid by companies in the Food Industry
Comparison Group and Broad Industry Comparison Group, (d)&nbsp;the individual performance of management
and (e)&nbsp;the input from the CNG Committee&#146;s independent consultant. Based upon the foregoing
factors, our CNG Committee decided to implement a 2.5% increase in the salaries paid to the named
executive officers and executive officers of our company. Below is a summary of each individual
factor considered by the CNG Committee.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Management Philosophy. </I>The Management Team, in preparation of assuming the management of our
company, established an executive committee, which is comprised of members of the Management Team,
as well as certain other executive officers, including Walter R. Tankersley. The members of the
executive committee work together to manage our company&#146;s affairs, which includes meeting regularly
with one another to discuss various aspects of our company&#146;s operations. The Management Team has
adopted this collaborative approach to management for several reasons, including (a)&nbsp;the Management
Team&#146;s view that the input of the non-Management Team executive committee members are essential to
our company&#146;s success and (b)&nbsp;the Management Team&#146;s belief that the familial relationship between
the Management Team members lends itself a collaborative approach to management. Due to the
Management Team&#146;s collaborative approach to management, the Compensation Committee determined for
fiscal 2008 to pay the members of the Management Team the same amount of base salary. The
Compensation Committee determined that this policy fosters cooperation between the executive
committee members and supports the Management Team&#146;s team-oriented approach to managing our
company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Historical Practices</I>. The Compensation Committee reviewed salaries that were applicable to
our executive officers, including the Chief Executive Officer at the first regularly scheduled
meeting date of the fiscal year. Typically, the Compensation Committee reviews compensation
components that existed in the prior fiscal year and then makes adjustments to those components for
the new fiscal year.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Food Industry Comparison Group and Broad Industry Comparison Group. </I>In light of the
Management Team&#146;s philosophy discussed above, the CNG Committee did not use the salaries paid to
similar executives by the Food Industry Comparison Group and Broad Industry Comparison Group to
establish base salaries for our named executive officers, including the Chief Executive Officer,
but did compare its determination of such salaries against the base salaries reported for named
executive officers of the Food Industry Comparison Group and Broad Industry Comparison Group as an
independent measure of reasonableness. For fiscal 2008, the Food Industry Comparison Group was
comprised of twenty-one companies with annual sales of between $200&nbsp;million to $1&nbsp;billion that are
publicly traded and engaged in the food industry. For fiscal 2008, the Broad Industry Comparison
Group was comprised of 250 other publicly traded companies with annual sales of between $450
million to $650&nbsp;million. The Compensation Committee&#146;s independent consultant prepared the reports
regarding the Food Industry Comparison Group and Broad Industry Comparison Group. For this past
fiscal year, the Food Industry Comparison Group consisted of the following companies:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">B&#038;G Foods, Inc.<BR>
Birds Eye Foods, Inc.<BR>
Cagle&#146;s Inc.<BR>
Cal-Maine Foods, Inc.<BR>
Calavo Growers, Inc.<BR>
Darling International Inc.<BR>
Delta and Pine Land Company<BR>
Diamond Foods, Inc.<BR>
Eagle Family Foods Inc.<BR>
Farmer Bros. Co.<BR>
Green Mountain Coffee Roasters, Inc.<BR>
The Hain Celestial Group, Inc.<BR>
Hines Horticulture, Inc.<BR>
Imperial Sugar Company<BR>
J &#038; J Snack Foods Corp.<BR>
Lance, Inc.<BR>
Pierre Foods, Inc.<BR>
Reddy Ice Holdings, Inc.<BR>
SunOpta Inc.<BR>
Tootsie Roll Industries, Inc.<BR>
TreeHouse Foods, Inc.

</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The fiscal 2008 base salaries of our named executive officers set by the CNG Committee were, in
general, at the medium range when compared to the base salaries of the Food Industry Comparison
Group and Broad Industry Comparison Group executives. For example, as compared to salaries paid to
executives in generally similar positions by members of the Food Industry Comparison Group and
Broad Industry Comparison Group, our named executive officers&#146; salaries fell within the following
ranges: (a)&nbsp;our Chief Executive Officer, Jeffrey T. Sanfilippo&#146;s, base salary was significantly
below the range of base salaries at the 2nd percentile for the Food Industry Comparison Group and
at the 8th percentile for the Broad Industry Comparison Group; (b)&nbsp;Jasper B. Sanfilippo, Jr.&#146;s base
salary was at the 47th percentile for the Food Industry Comparison Group and at the 25th percentile
for the Broad Industry Comparison Group; (c)&nbsp;Michael J. Valentine&#146;s base salary was at the 52nd
percentile for the Food Industry Comparison Group and at the 55th percentile for the Broad Industry
Comparison Group; and (d)&nbsp;James A. Valentine&#146;s base salary was at the 83rd percentile for the Food
Industry Comparison Group and at the 64th percentile for the Broad Industry Comparison Group. It
should be noted, however, that, among other things, the roles of executive officers in the Food
Industry Comparison Group and Broad Industry Comparison Group may not fully align with the roles of
our executive officers. For example, our Chief Financial Officer also serves as Group President.
Walter R. Tankersley&#146;s base salary was not compared to either the Food Industry Comparison Group or
the Broad Industry Comparison Group due to the fact that he was not a named executive officer in
fiscal 2007; however, Mr.&nbsp;Tankersley&#146;s salary was compared against certain market survey data.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Individual Performance. </I>Notwithstanding the Management Team&#146;s team-oriented approach to
management, when setting the base salary for our executive officers in fiscal 2008, the CNG
Committee informally reviewed the individual performance of our company&#146;s management. Such review
consisted of CNG Committee members&#146; observations of the Chief Executive Officer and other top
officers&#146; performance throughout the fiscal year specifically in respect to: (a)&nbsp;his role and
fulfillment of his job functions and (b)&nbsp;contributing in a positive manner to our overall
performance.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Independent Consultant. </I>In addition to using the aforementioned criteria when setting base
salary, the CNG Committee also utilized an independent consultant with expertise in the area to
analyze whether the salaries of our named executive officers were in line with the market. The
independent consultant reviewed the salaries of the named executives, and the contemplated change
in such salaries, and advised the CNG Committee that the proposed changes to the named executive
officers&#146; salaries are not inconsistent with the market.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Non-equity Incentive Compensation Program</B>.

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Fiscal 2008 was the first fiscal year during which our company&#146;s SVA Plan was in effect.&nbsp; The SVA
Plan rewards year-over-year improvement in our net operating profit after tax in excess of our
annual cost of capital, as determined using the average expected return on our company&#146;s debt and
equity capital (&#147;SVA&#148;).&nbsp; The Compensation Committee believes that the SVA Plan will motivate plan
participants to help our company achieve improved financial performance and manage working capital
and fixed capital more effectively.&nbsp; The creation of the SVA Plan was determined by the
Compensation Committee with the input of management. The Management Team worked with a consultant
to help focus the creation of a value-driven company culture and a performance turnaround,
including the design of supporting incentives.&nbsp; After several months of planning, the Management
Team, along with its consultants, proposed the SVA Plan to the CNG Committee (prior to the creation
of a separate Compensation Committee) and the CNG Committee&#146;s independent consultant.&nbsp; The
Management Team shared with the CNG Committee and its independent consultant its belief that the
SVA Plan will motivate plan participants to work closely together towards significantly improving
our company&#146;s performance.&nbsp; After much consideration and certain modifications recommended by the
Committee and its independent consultant, the CNG Committee concurred that the SVA Plan is in our
company&#146;s best interest and recommended the SVA Plan to the Board of Directors for approval. For
fiscal 2008, the Compensation Committee, with the assistance of its independent consultant and a
consultant engaged by management established the targeted SVA improvement for the fiscal year and
the percentages of base salary to be used by each participant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For fiscal 2008, twenty percent of any payment awarded to the Management Team under the SVA Plan
was discretionary (upward or downward) based upon the performance of the members of the Management
Team. The CNG Committee (prior to the creation of a separate Compensation Committee) established
(with the assistance of its independent consultant) specific SVA-based initiatives that the
Compensation Committee used for its evaluation. The Compensation
</DIV>



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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Committee believes that the more formal evaluation process included in the SVA Plan has resulted in
improved communications with the Management Team of the Compensation Committee&#146;s expectations
regarding performance and the continued improved performance of our Management Team.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The SVA Plan provides for payments to participants upon a significant improvement in our company&#146;s
SVA. For fiscal 2008, the SVA Plan participants included members of the Management Team and other
key decision-makers. For fiscal 2008, each SVA Plan participant had a bonus percentage ranging
from 20% to 60% of the participant&#146;s base salary. All members of the executive committee,
including the named executive officers, had a bonus percentage of 60% for fiscal 2008. The CNG
Committee chose this bonus percentage in light of the Management Team&#146;s collaborative approach to
management and the substantial responsibility held by each executive committee member. Depending
on the performance of our company, an SVA Plan participant may be eligible to earn a multiple of
his or her bonus percentage. For fiscal 2008, the SVA Plan target was determined by the
Compensation Committee after receiving input from a consultant engaged by our company and input
from a consultant engaged by the Compensation Committee. Our actual results showed an improvement
of 1.13 times the targeted amount. As discussed above, for fiscal 2008, twenty percent of the
Management Team&#146;s bonus was discretionary. For the non-discretionary portion, the Management Team
received a bonus equal to base salary times 1.13 times 60% times 80%. For the discretionary
portion, the Compensation Committee elected to increase the bonuses for the Management Team which
resulted in a payout rate of 1.178 times the targeted amount. Accordingly, the discretionary bonus
was a bonus equal to base salary times 1.178 times 60% times 20%. Because none of Mr.&nbsp;Tankersley&#146;s
SVA-based bonus is discretionary, Mr.&nbsp;Tankersley received a bonus equal to base salary times 1.13
times 60%. The Compensation Committee believes that tying SVA Plan payments to improvements in our
company&#146;s SVA is in our company&#146;s best interests, even if SVA Plan payments are made during years
that our company has a net loss. For example, in fiscal 2008, our company made bonus payments
pursuant to the SVA Plan when our company had a $10.7&nbsp;million operating income and a $6.0&nbsp;million
net loss, each for the year ended June&nbsp;26, 2008. The Compensation Committee has adopted this
policy because it believes such payments will motivate participants to continuously strive towards
our company&#146;s improved performance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Furthermore, the SVA Plan includes a &#147;bonus bank,&#148; which will result in a portion of any SVA Plan
award above a specified maximum being held back and paid to the participant only upon the continued
favorable performance of our company and continued employment of the participant by our company.
For fiscal 2008, the maximum cash payments were set at 1.20 times the targeted amount. Since our
company&#146;s actual results showed improvement of 1.13 times the targeted amount, no portion of the
bonus declared was held back in the bonus bank. In future years, if pursuant to the terms of the
SVA Plan a negative bonus is declared, the bonus bank will be decreased by the amount of such
negative bonus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the event of a SVA Plan participant&#146;s termination of employment due to death, disability,
retirement or by our company other than for cause, a participant&#146;s bonus bank will be credited as
of the end of the fiscal year in which the termination occurs, with a pro-rata bonus determined in
accordance with the SVA Plan. Following the payment, if any, of the bonus for the fiscal year in
which the termination occurs, the full amount of a participant&#146;s bonus bank (if a positive balance
then exists) will be considered earned as of the termination date and will be paid by our company
to the former participant, or in the event of his or her death, to his or her estate or designated
beneficiary. At the discretion of the Compensation Committee, any payment that is due to
termination of employment by our company other than for cause may be subject to a requirement that
a participant execute a release of claims. The SVA Plan provides that in the event of voluntary
termination of employment by a participant, termination of employment of a participant by our
company for cause, or ineligibility, the participant&#146;s fiscal year bonus and any bonus bank balance
will be forfeited.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The SVA Plan defines a &#147;change in control&#148; as the later of: (a)&nbsp;the date on which no shares of our
company&#146;s Class&nbsp;A common stock remain outstanding and (b)(i) a change in the ownership of our
company, (ii)&nbsp;a change in effective control of our company or (iii)&nbsp;a change in the ownership of a
substantial portion of the assets of our company (each of (i)-(iii) as defined in Section&nbsp;409A of
the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;)). In the event of a change in control,
the bonus for the fiscal year will be determined and credited to a participant&#146;s bonus bank,
assuming that the target SVA improvement for the fiscal year had been achieved, then pro-rated for
the actual number of days in the fiscal year before the change in control, except that the bonus
paid will equal one hundred percent (100%) of a participant&#146;s bonus bank after such pro-rated bonus
is credited, and will be paid at the effective time of the change in control.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Discretionary Bonus Program</B>. Our company had a discretionary bonus program in fiscal 2008, only
for selected salaried employees who were not participants in the SVA Plan. None of the named
executive officers participated in the discretionary bonus program. The SVA Plan is being expanded
for fiscal 2009 to include all employees who received a discretionary bonus for fiscal 2008. In
addition, the Compensation Committee had the ability in fiscal 2008, and will have such ability
again in fiscal 2009, to adjust the SVA Plan bonuses for certain members of the Management Team
upward or downward by 20%, based upon such Management Team member&#146;s performance. It is the
Compensation Committee&#146;s policy that the majority of bonuses paid by our company should be
distributed pursuant to plans that contain pre-determined methods for calculating payments, such as
that which is included in the SVA Plan. The Compensation Committee believes that plans with
pre-determined methods, as opposed to discretionary bonus plans, help assist in motivating
employees to improve our company&#146;s performance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Stock Options Under the 1998 Plan</B>. Due to the Management Team&#146;s pre-existing ownership interest in
our company, the CNG Committee has not historically considered option grants, or other equity
awards, as a substantial or key component to the compensation of the Management Team. Accordingly,
option grants in previous years, as well as fiscal 2008, have been conservative. However, the
Compensation Committee recognizes that the Management Team&#146;s large equity holdings in our company
have resulted in aligning the Management Team&#146;s interests with those of our company&#146;s other
stockholders. The Compensation Committee believes that this alignment is beneficial to our company
and thus annually awards stock options to all of our executive officers, including members of the
Management Team.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the event of termination of employment by resignation or for cause, all unexercised options are
forfeited at the termination date. In the event of termination by reason of death, options to the
extent exercisable may be exercised at any time within one year after the date of death. In the
event of termination by reason of retirement under the provisions of a retirement plan, options to
the extent exercisable may be exercised at any time within 90&nbsp;days after the date of retirement or
one year from the retirement date if the grantee dies during the 90-day period. In the event of
termination by reason of permanent disability, options to the extent exercisable may be exercised
at any time within one year after the termination date. Provided that our company does not give
notice to stock option grantees of its intent to cancel all unexercised options as of the date of
change in control, all unexercised options may be exercised commencing on the date of change in
control. Once awarded, grants cannot be modified in any other respect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In fiscal 2008, members of the executive committee, including Management Team members, were each
granted 3,500 stock options that vest over time (the &#147;Time-Based Grants&#148;). Senior managers were
each awarded 1,500 or 2,500 stock options. Additionally, members of the executive committee,
including Management Team members, were each granted 4,500 stock options that vest over time and
for which vesting is dependent upon achieving a target SVA improvement by the end of fiscal 2009
that is higher than the fiscal 2008 target set pursuant to our SVA Plan (the &#147;SVA-Based Grants&#148;).
When deciding the amount of options to grant to the executive committee members in fiscal 2008, the
CNG Committee considered the amount of options granted to the executive committee members in the
preceding fiscal year and the responsibilities of the executive officer, including those
responsibilities relating to the company&#146;s new facility in Elgin, Illinois. In addition, due to
the Management Team&#146;s collaborative approach to management, each member of the executive committee
(including the Management Team members) were granted the same amount of stock options. The
Compensation Committee historically approves the amount of options to be granted for any given
fiscal year at the second Compensation Meeting held during the fiscal year (typically, in October
or November). Beginning in fiscal 2007, annual stock option grant dates are set on the tenth
business day after the grant approval date for administrative, compliance and governance reasons.
For the fiscal 2008 annual stock option grant, the CNG Committee approved the grant on November&nbsp;5,
2007, with a grant date of November&nbsp;19, 2007, and we issued our fiscal 2007 earnings release on
September&nbsp;11, 2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The stock option grants give an executive committee member, including the Management Team, the
right to buy a share of the company&#146;s common stock in the future at a predetermined &#147;exercise
price.&#148; All outstanding stock option awards were granted pursuant to the 1998 Plan. Pursuant to
the terms of the 1998 Plan, incentive stock option grants made to Management Team members must
expire within five years of the grant date and have an exercise price of not less than 110% of the
NASDAQ closing price of our stock on the grant date. All grants made to the Management Team prior
to fiscal 2008 were incentive stock option grants. All non-qualified option grants, and all
incentive stock option grants made to all eligible employees not on the Management Team, must
expire within ten years of the grant date and have an exercise
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">price of not less than the NASDAQ closing price of our stock on the grant date. All options
granted in fiscal 2008 to members of the Management Team: (a)&nbsp;are non-qualified stock options; (b)
have an exercise price equal to the NASDAQ closing price on the grant date; (c)&nbsp;have a 10-year
term; and (d)&nbsp;expire if the individual&#146;s employment with the company terminates. The Time-Based
Grants vest at 25% annually commencing on the first anniversary of the date of the grant and become
fully exercisable on the fourth anniversary of the date of the grant. The SVA-Based Grants are
eligible to vest at 25% annually commencing on the first anniversary of the date of the grant and
become fully exercisable on the fourth anniversary of the date of the grant only if our company
achieves a target SVA improvement (which target is separate from and higher than the fiscal 2008
target SVA improvement under the SVA Plan) by the end of fiscal 2009. Because our company did not
achieve the target SVA improvement set for the SVA-Based Grants in fiscal 2008, no SVA-Based Grants
will vest on November&nbsp;19, 2008, the first anniversary of the date of grant. If our company
achieves the target SVA improvement set for the SVA-Based Grants by the end of fiscal 2009, 50% of
the SVA-Based Grants will vest on the second anniversary of the date of grant, with the remaining
50% vesting equally on the subsequent two anniversary dates. If our company does not achieve the
target SVA improvement set for the SVA-Based Grants by the end of fiscal 2009, the SVA-Based Grants
will be forfeited.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In order to enhance our company&#146;s management recruiting efforts, the Compensation Committee has
authorized the Management Team to grant up to 1,500 stock options to each new management hire at
its discretion. The Compensation Committee is informed of these grants for a particular fiscal
year on the date of the first Compensation Committee meeting that is held in the succeeding fiscal
year. These grants are issued at the employment start date with the grant date being the tenth
business day following the employment start date, and the exercise price is the closing price on
the NASDAQ market on the grant date. In fiscal 2008, the Management Team awarded one grant to a
new hire who is not a named executive officer. In future years, it is possible that the Management
Team could make such an award to a new hire who could become a named executive officer in the
fiscal year when the employment started or in future fiscal years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Stock Ownership Guidelines</B>. Due to the significant equity interests of the Sanfilippo and
Valentine families in our company, the company has not established stock ownership guidelines.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Company-Provided Benefits</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition to the direct compensation described above, our company offers certain other benefits
to the named executive officers and executive officers. At this time, our company does not
maintain any employment agreements with its employees.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Life Insurance</B>. We provide the named executive officers with life insurance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Company-Sponsored Retirement Plans</B>. Our company offers retirement plans for eligible employees, as
follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>4</I><I>01(k)</I><I> Plan</I>. The company&#146;s 401(k) Plan is a tax-qualified defined-contribution retirement
plan. All non-union employees who are twenty-one years of age or older and have completed one year
of service, including the named executive officers, are eligible to participate in our 401(k) Plan.
All participants in our 401(k) Plan may receive company matching contributions of 50% of the
employee&#146;s contribution; however, the match may not exceed 4% of an employee&#146;s salary.
Additionally, the Compensation Committee may approve an additional match of up to 2% of an
employee&#146;s salary subject to the 50% limitation. The Compensation Committee approved this
additional 2% matching contribution in fiscal 2008. Our company contributed $31,447 as matching
funds under the 401(k) Plan for fiscal 2008 for the named executive officers as a group. $9,830 of
the matching funds that were contributed by our company in calendar 2007 were forfeited and
returned to our company in order to comply with the discrimination testing provisions set forth in
Section 401(k) of the Internal Revenue Code.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>SERP</I>. On August&nbsp;2, 2007, the CNG Committee approved a restated SERP for certain named
executive officers and key employees of our company, effective as of August&nbsp;25, 2005. The restated
SERP changes the plan adopted on August&nbsp;25, 2005, to, among other things, clarify certain actuarial
provisions and incorporate new Internal Revenue Service requirements. The current SERP
participants are Jasper B. Sanfilippo and Mathias A. Valentine, as former employees, and members of
the Management Team. The purpose of the SERP is to provide unfunded, non-qualified deferred
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->24<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">compensation benefits upon retirement, disability or death to participants. The Compensation
Committee believes that the SERP is a useful tool in motivating employees that are key to our
company&#146;s success and helps to ensure that the benefits provided by our company are competitive
with the market. The current plan participants were chosen by our CNG Committee (prior to the
creation of a separate Compensation Committee) based upon numerous factors, including the seniority
of the participant, the participant&#146;s role within our company, and the participant&#146;s illustrated
commitment and dedication to our company. As discussed elsewhere in this Proxy Statement,
participants with at least five years of employment are eligible to receive monthly benefits from
the SERP after separating from service with our company, provided such participant&#146;s employment is
not terminated for &#147;cause&#148; as defined in the SERP.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Perquisites</B>. Our company provides a minimal amount of perquisites to key named executive officers,
including members of the Management Team. The perquisites provided in fiscal 2008 were club
memberships, travel expenses for spouses on business trips, car allowances and personal use of
company vehicles or a direct car allowance. We have provided additional information on perquisites
in the chart entitled &#147;Perquisites and Other Personal Benefits.&#148;
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Fiscal 2009 and Beyond&#151;Evolving Compensation Philosophy</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The SVA Plan has been expanded for fiscal 2009 to include all key decision makers of our company.
There are now slightly over 100 participants in the SVA Plan. The Compensation Committee believes
that expanding participation in the SVA Plan will help our company achieve improved financial
performance and manage working capital and fixed capital more effectively. For fiscal 2009, each
SVA Plan participant will have a bonus percentage ranging from 10% to 70% of the participant&#146;s base
salary.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the reasons described above, for fiscal 2008 members of the Management Team were paid
substantially similar amounts. See &#147;Overview of Fiscal 2008 Executive Compensation Program&#148; above.
The Compensation Committee has determined that while it will continue to support a team approach
to management, beginning in fiscal 2009 certain distinctions should be made in the compensation of
members of the Management Team to more closely align their compensation to their evolving specific
roles. For example, for fiscal 2009, certain members of the Management Team will have a bonus
percentage of 70% of salary, while other members of the executive committee will have a bonus
percentage of 60% of salary.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our company&#146;s 1998 Plan terminated on September&nbsp;1, 2008. Because our company wishes to provide
stock-based incentives in the future, the stockholders of our company are being asked to approve
the 2008 Equity Incentive Plan. The proposed 2008 Equity Incentive Plan is intended to provide us
with an effective means of attracting, retaining and motivating directors, officers, key employees
and other service providers, and to provide them with stock-based incentives to enhance our growth
and profitability. The specific features of the 2008 Equity Incentive Plan are discussed below in
detail.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Policy With Respect to Qualifying Compensation for Tax Deductibility</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our company&#146;s ability to deduct compensation paid to covered employees, including certain named
executive officers, for tax purposes is generally limited by Section 162(m) of the Internal Revenue
Code (&#147;Section&nbsp;162(m)&#148;) to $1.0&nbsp;million annually. This limitation does not apply to
performance-based compensation, provided certain conditions are satisfied. We view preserving tax
deductibility consistent with Section 162(m) as an important objective, but not the only objective,
in establishing executive compensation. The Compensation Committee has taken appropriate actions
to preserve the tax deductibility of stock option awards pursuant to Section&nbsp;162(m).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Compensation Committee reviews projections of the estimated accounting (pro forma expense) and
tax impact of all material elements of the executive compensation program. Generally, accounting
expense is accrued over the requisite service period of the particular pay element (generally equal
to the performance period) and our company realizes a tax deduction upon the payment to/realization
by the executive. We account for our stock option grants under SFAS 123R and use the Black-Scholes
option pricing formula for determining the &#147;fair value&#148; of our stock options at grant.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->25<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Summary Compensation</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Summary Compensation Table provides total compensation for the last completed fiscal year for
each of our company&#146;s named executive officers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Summary Compensation Table is formatted in accordance with Item 402(c) of Regulation&nbsp;S-K and
shows base salary, bonus, non-equity incentive compensation and equity awards &#150; consisting of stock
options &#150; and all other compensation, which includes among other things the value of perquisites
and 401(k) contributions (see the table below entitled &#147;Perquisites and Other Personal Benefits for
Fiscal Year 2008&#148;). The Summary Compensation Table also includes a column titled &#147;Change in
Pension Value and Nonqualified Deferred Compensation Earnings.&#148; For certain of our company&#146;s named
executive officers, this includes only the change in value of our company&#146;s Supplemental Retirement
Plan (see footnote (4)), which is an actuarial estimate of the cost of benefits.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Summary Compensation Table for Fiscal Year 2008</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Change in</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Pension</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Value and</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Nonqualified</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

    <TD nowrap align="center" colspan="3"><B>Non-Equity</B></TD>

    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Deferred</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

    <TD nowrap align="center" colspan="3"><B>Incentive</B></TD>

    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Compensa-</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>All Other</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Name and Principal</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Option</B></TD>
    <TD>&nbsp;</TD>

    <TD nowrap align="center" colspan="3"><B>Compensa-</B></TD>

    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>tion</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>Compensa-</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Position</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Year</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Salary</B></TD>
    <TD>&nbsp;</TD>

    <TD nowrap align="center" style="border-bottom: 1px solid #000000" colspan="3"><B>Bonus</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(1)</B></SUP></TD>

    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Awards</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(2)</B></SUP></TD>
    <TD>&nbsp;</TD>

    <TD nowrap align="center" style="border-bottom: 1px solid #000000" colspan="3"><B>tion</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(3)</B></SUP></TD>

    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Earnings</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(4)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>tion</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(5)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Total</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jeffrey T. Sanfilippo</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2008</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$286,941</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">40,510</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$26,636</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">155,490</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"></TD>
    <TD align="center" valign="top">$19,490</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">11,362</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">540,429</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chief Executive Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2007</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$279,414</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$19,716</TD>
    <TD>&nbsp;</TD>
        <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">&#151;</TD>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$41,260</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">8,308</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">348,698</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael J. Valentine</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2008</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$286,941</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">40,510</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$26,636</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">155,490</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$27,059</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">23,501</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">560,137</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chief Financial Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2007</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$279,414</TD>
    <TD>&nbsp;</TD>
        <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">&#151;</TD>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$19,716</TD>
    <TD>&nbsp;</TD>
        <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">&#151;</TD>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$55,996</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">16,340</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">371,466</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">and Group President</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jasper B. Sanfilippo, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2008</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$286,941</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">40,510</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$26,636</TD>
    <TD>&nbsp;</TD>


    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">155,490</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$&nbsp;&nbsp;9,843</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">15,557</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">534,977</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chief Operating Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2007</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$279,414</TD>
    <TD>&nbsp;</TD>
        <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">&#151;</TD>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$19,716</TD>
    <TD>&nbsp;</TD>
        <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">&#151;</TD>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$25,680</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">14,619</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">339,429</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">and President</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">James A. Valentine</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2008</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$286,941</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">40,510</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$26,636</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">155,490</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$16,814</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">10,378</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">536,769</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chief Information Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2007</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$279,414</TD>
    <TD>&nbsp;</TD>
        <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">&#151;</TD>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$19,716</TD>
    <TD>&nbsp;</TD>
        <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">&#151;</TD>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$40,151</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">10,348</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">349,629</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Walter R. Tankersley</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2008</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$239,466</TD>
    <TD>&nbsp;</TD>
        <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">&#151;</TD>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$34,595</TD>


    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">162,358</TD>
    <TD>&nbsp;</TD>
        <TD align="right" valign="top"></TD>
    <TD align="CENTER" valign="top" NOWRAP>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#151;</TD>

    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">13,269</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">$</TD>
    <TD align="right" valign="top">449,688</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Senior Vice President
of Industrial Sales<SUP style="font-size: 85%; vertical-align: text-top"><B>(6)</B></SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>The amounts under the column entitled &#147;Bonus&#148; in the table above are
comprised of the discretionary portion of the named executive
officer&#146;s bonus under our SVA Plan. See &#147;Compensation Discussion and
Analysis &#151; Fiscal 2008 Executive Compensation&#151;Non-equity Incentive
Compensation Program.&#148; No portion of Mr.&nbsp;Tankersley&#146;s SVA Plan
payment was discretionary.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>The amounts in this column reflect the dollar amount recognized for
financial statement reporting purposes for fiscal 2008 and fiscal 2007
in accordance with SFAS 123R and include amounts attributable to stock
options granted under our 1998 Plan, without regard to the possibility
of forfeitures. A discussion of the assumptions used in calculating
the amounts shown</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->26<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>in the column may be found in Note 9 to our audited
consolidated financial statements for the year ended June&nbsp;26, 2008,
included in our Annual Report on Form 10-K filed with the Commission
on August&nbsp;28, 2008. These amounts reflect our company&#146;s accounting
expense for these awards and do not correspond to the actual value, if
any, that will be recognized by the named executive officer.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Fiscal 2008 payments were made pursuant to our SVA Plan, and reflect
only earnings for services during fiscal 2008 and no earnings on
outstanding awards. For the Management Team, this column reflects the
non-discretionary portion of the SVA Plan payments. There were no
payments made in fiscal 2007 under the incentive compensation program
in effect for fiscal 2007 because our minimum net income threshold was
not achieved.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>On August&nbsp;2, 2007, the Compensation, Nominating and Corporate
Governance Committee approved a restated SERP for certain executive
officers and key employees of our company, effective as of August&nbsp;25,
2005. The SERP is an unfunded, non-qualified benefit plan that will
provide eligible participants with monthly benefits upon retirement,
disability or death, subject to certain conditions. The amounts shown
in this column reflect the aggregate change in actuarial value of the
named executive officers&#146; accumulated benefit under the SERP from June
29, 2007 to June&nbsp;26, 2008 and from June&nbsp;30, 2006 to June&nbsp;28, 2007, our
SERP plan measurement dates used for financial reporting purposes.
Assumptions used to calculate the amounts can be found immediately
after the 2008 Pension Benefits Table. None of our named executive
officers earned above-market or preferential earnings on compensation
that was deferred on a basis that was not tax-qualified.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>The table below entitled &#147;Perquisites and Other Personal Benefits for
Fiscal Year 2008&#148; shows the components of the amounts included for
each named executive officer under the All Other Compensation column
in the Summary Compensation Table.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Tankersley was not a named executive officer for fiscal 2007.</TD>
</TR>

</TABLE>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Perquisites and Other Personal Benefits for Fiscal Year 2008</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Personal</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>and Family</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>401(k)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Executive Life</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Car</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Year</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Travel</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(4)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Memberships</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(4)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Match</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(1)(4)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Insurance</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(2)(4)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Allowance</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(3)(4)</B></SUP></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jeffrey T. Sanfilippo</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,525</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">385</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">5,734</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,104</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2,614</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">85</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">5,580</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,099</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,544</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael J. Valentine</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2,653</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">350</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">7,862</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,104</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">11,532</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">350</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">6,742</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,101</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">8,147</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jasper B. Sanfilippo, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">260</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">350</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">7,847</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">6,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,567</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">5,453</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,099</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">6,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">James A. Valentine</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">3,263</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,115</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">6,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">3,242</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,106</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">6,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Walter R. Tankersley<SUP style="font-size: 85%; vertical-align: text-top">(5)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">6,741</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">528</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">6,000</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Matching Contributions to our company&#146;s 401(k) Plan.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Amounts represent life insurance premiums paid on behalf of the named executive officers.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->27<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">





<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents the named executive officers&#146; personal usage of a company car or a direct car
allowance paid to a named executive officer.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Such perquisites and personal benefits are valued at their aggregate incremental cost to
our company based on the following methodology: since the perquisites referred to by
this footnote (4)&nbsp;involved actual cash expenditure by our company, that cash expenditure
is what is reflected as the value of the perquisites.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Tankersley was not a named executive officer for fiscal 2007.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Company-Sponsored Retirement Plans</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The purpose of the SERP is to provide the Management Team with a meaningful retirement benefit that
is not available to these executives under our company&#146;s 401(k) plan. If a participant in the SERP
separates from service on or after age 65, benefits will be payable to the participant for life.
The monthly installments will be paid at a rate equal to (a)&nbsp;one-twelfth of 50% of the
participant&#146;s highest consecutive 5-year average annual base salary and bonus earned during the
participant&#146;s final ten years of service, multiplied by (b)&nbsp;the number of full years the
participant was employed by the company divided by the greater of (i)&nbsp;20 or (ii)&nbsp;the number of full
years the participant would have been employed if he had been employed by the company from his hire
date through attainment of age 65 (which quotient shall not exceed 1.0). In the event that the
participant&#146;s benefits commence after his attainment of age 65, the participant&#146;s benefit as
otherwise computed under the SERP shall be adjusted for the time value of money (interest only)
from age 65 to age at actual retirement. If the participant has a beneficiary (the beneficiary
being determined at the time benefits commence), the benefits will be in the form of a joint and
100% contingent annuitant benefit, which is the actuarial equivalent of the participant&#146;s life-only
benefit. If a participant separates from service prior to age 65 and has achieved ten years of
service, certain early reduced retirement benefits may be available. All of the named executive
officers eligible to participate in the SERP have achieved ten years of service, but none are aged
65 or older. Payments under the SERP are subject to a deduction for social security and other
offset amounts. The SERP participants are responsible for their portion of such payments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The present value of accumulated benefits for each of the executive officers listed is based upon
the following: (a)&nbsp;in determining the number of years of credited service at retirement age, the
retirement age is 65&nbsp;years; (b)&nbsp;the annual retirement payment is 50% of current compensation; (c)
the discount rate is 6.27%; and (d)&nbsp;the IRS 2002 Mortality Table Post-retirement was used to
determine life expectancy after the retirement date. Further discussion of the assumptions used in
calculating the amounts shown below may be found in Note 11 to our audited consolidated financial
statements for the year ended June&nbsp;26, 2008, included in our Annual Report on Form 10-K filed with
the Commission on August&nbsp;28, 2008.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Pension Benefits Table for Fiscal Year 2008</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="42%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Name of Principal &#038;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of Years of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Present Value of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Payments During</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Position</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(1)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Plan Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Credited Service</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(2)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Accumulated Benefits</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Last Fiscal Year</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael J. Valentine, CFO</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center"><FONT style="white-space: nowrap">Supplemental Retirement Plan</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">336,667</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"></TD>
    <TD align="center">$0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jeffrey T. Sanfilippo, CEO</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Supplemental Retirement Plan</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">230,765</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"></TD>
    <TD align="center">$0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">James A. Valentine, CIO</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Supplemental Retirement Plan</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">229,036</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"></TD>
    <TD align="center">$0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jasper B. Sanfilippo, Jr., COO</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Supplemental Retirement Plan</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">134,515</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"></TD>
    <TD align="center">$0</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Walter R. Tankersley is not a participant on our company&#146;s SERP.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>The number of years of credited service reflect the actual number of years of service
performed by each named executive officer. It is our company&#146;s policy not to credit extra
years of service to SERP participants.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->28<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">






<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Grants of Plan Based Awards</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our company&#146;s award-based compensation for senior executives, including the named executive
officers, consists of equity awards in the form of stock options under our 1998 Plan and potential
payments under our SVA Plan. The following table provides information on the equity awards in
fiscal 2008 for the named executive officers as well as potential payments under our SVA Plan. For
fiscal 2008, the Compensation Committee may adjust payments to members of the Management Team
upward or downward by 20% under the terms of the SVA Plan, based upon the Management Team&#146;s
performance. With respect to stock option awards under our company&#146;s 1998 Plan, the table includes
the grant date of each stock option award, the number of stock options granted, the exercise price
of the stock options, the closing price of our company&#146;s common stock on the date of grant and the
grant date fair value of stock option awards. Certain options that were awarded in fiscal 2008 that
vest over time only if our company achieves a targeted SVA improvement (which target is separate
from and higher than the fiscal 2008 target SVA improvement under the SVA Plan) by the end of
fiscal 2009 (the &#147;SVA-Based Grants&#148;).
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Grants of Plan Based Awards for Fiscal Year 2008</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 9pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>All Other</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Option</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Awards:</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>CNG</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Estimated Future Payouts</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Estimated Future Payouts</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Exercise or</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Grant</B></TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Commit-</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Under Non-Equity Incentive</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Under Equity Incentive</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Base Price</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Closing</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Date Fair</B></TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>tee</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11" style="border-bottom: 1px solid #000000"><B>Plan Awards</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(2)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11" style="border-bottom: 1px solid #000000"><B>Plan Awards</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(3)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Under-</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>of Option</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Price on</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Value of</B></TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 0px solid #000000"><B>Grant</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Approv-</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Thresh-</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Maxi-</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Thresh-</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Maxi-</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>lying</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Awards</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Grant Date</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Option</B></TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Date</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(1)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>al Date</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>old $</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Target $</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>mum $</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>old #</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Target #</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>mum #</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Options (#)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>($/Share)</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(4)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>($/Share)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Awards $</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(3)</B></SUP></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jeffrey T. Sanfilippo</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/19/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/5/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,569</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/5/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">137,602</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael J. Valentine</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/19/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/5/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,569</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/5/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">137,602</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jasper B.
Sanfilippo, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/19/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/5/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,569</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/5/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">137,602</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">James A. Valentine</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/19/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/5/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,569</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/5/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">137,602</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Walter R. Tankersley</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/19/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/5/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,569</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/5/2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">143,680</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>The November&nbsp;19, 2007 awards were granted under the 1998 Plan.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>This column shows the targeted non-discretionary payment for fiscal 2008 under our company&#146;s
SVA Plan. The SVA Plan payments are based on the year-to-year improvement in net operating
profit after tax in excess of our cost of capital, as determined using the average expected
return on our company&#146;s debt and equity capital. In fiscal 2008, the</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->29<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Compensation Committee,
with the assistance of its independent consultant and a consultant engaged by management,
established our targeted SVA improvement for the fiscal year and the percentage of base salary
to be used for each participant. There is no threshold or maximum payout pursuant to the SVA
Plan. The bonus payments for fiscal 2008 performance have been made based on the metrics
described under &#147;Compensation Discussion and Analysis &#151; Fiscal
2008 Executive Compensation&#151;Non-equity Incentive Compensation Program&#148;, and are shown in the
Summary Compensation Table in the column entitled &#147;Non-Equity Incentive Plan Compensation&#148;.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>SVA-Based Grants were granted on November&nbsp;19, 2007 and will become exercisable only if a
target SVA improvement (which is separate from and higher than the fiscal 2008 target SVA
improvement under the SVA Plan) is achieved by the end of fiscal 2009.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>The amounts shown in this column represent the grant date fair value of each equity award as
determined in accordance with FAS 123R. For administrative and compliance purposes, and with
the Compensation Committee&#146;s approval, the grant date occurs on the tenth business day
following the date the Compensation Committee approves the grants. The Compensation Committee
reviewed and approved option grants under the 1998 Plan at the second Compensation Committee
meeting of our company&#146;s fiscal year (typically in October or November). Vesting occurs at 25%
per year for the first four years following the grant date; however, the SVA-Based Grants are
eligible to vest at 25% annually only if our company achieves a target SVA improvement (which
is target is separate from and higher than the fiscal 2008 target SVA improvement under the
SVA Plan) by the end of fiscal 2009. If such target is not achieved, the SVA-Based Grants
will be forfeited. In accordance with the terms of the 1998 Plan, certain grants of incentive
stock options expire on the tenth anniversary date of the grant date, and the exercise price
is the NASDAQ closing price on the grant date. For fiscal 2008, non-qualified option grants
were issued to all upper level managers with a rank of senior manager or higher. Senior
managers were each awarded 1,500 or 2,500 stock options, and vice presidents or higher,
including the named executive officers, each received 3,500 stock options.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Outstanding Equity Awards</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table provides information on outstanding stock option awards held by the named
executive officers as of June&nbsp;26, 2008. The table shows the number of stock options that a named
executive officer holds (both exercisable and unexercisable), the option exercise price and its
expiration date. For fiscal 2008, certain options were granted to the named executive officers
pursuant to the terms of the 1998 Plan that will become exercisable only if a target SVA
improvement is achieved by the end of fiscal 2009. None of the named executive officers exercised
stock options in fiscal 2008.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->30<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Outstanding Equity Awards at Fiscal Year End 2008</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="19" style="border-bottom: 1px solid #000000"><B>Option Awards</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Equity Incentive</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Plan Awards:</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Unexercised</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Unexercised</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Option</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Options(#)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Options(#)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Unearned</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Option Exercise</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Expiration</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Exercisable</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Unexercisable</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Options</B><SUP style="font-size: 85%; vertical-align: text-top">(3)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Price ($)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jeffrey T. Sanfilippo</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1,250</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19.833</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10/29/2009</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1,750</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20.306</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8/29/2010</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">875</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2,625</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.990</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9/22/2011</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3,500</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.950</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/19/2017</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael J. Valentine</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1,250</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19.833</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10/29/2009</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1,750</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20.306</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8/29/2010</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">875</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2,625</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.990</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9/22/2011</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3,500</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.950</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/19/2017</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jasper B. Sanfilippo, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1,250</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19.833</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10/29/2009</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1,750</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20.306</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8/29/2010</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">875</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2,625</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.990</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9/22/2011</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3,500</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.950</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/19/2017</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">James A. Valentine</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1,250</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19.833</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10/29/2009</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1,750</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20.306</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8/29/2010</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">875</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2,625</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.990</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9/22/2011</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3,500</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.950</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/19/2017</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Walter R. Tankersley</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.050</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1/3/2012</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.950</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8/23/2012</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16.420</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9/2/2013</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1,250</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18.030</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10/29/2014</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1,750</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18.460</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8/29/2015</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">875</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2,625</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.990</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9/22/2016</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3,500</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.950</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/19/2017</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>The stock options were granted under the 1998 Plan and vest 25% per year beginning on the
first anniversary of the date of grant. Accordingly, of the 1,250 stock options held by the
referenced named executive officer with an exercise price of $19.833, 1,250 will become
exercisable on October&nbsp;29, 2008. Of the 1,750 stock options held by the referenced named
executive officer with an exercise price of $20.306, 875 became exercisable on August&nbsp;29, 2008
and 875 will become exercisable on August&nbsp;29, 2009. Of the 2,625 stock options held by the
referenced named executive officer with an exercise price of $10.990, 875 became exercisable
on September&nbsp;22, 2008 and 875 will become exercisable on each of September&nbsp;22, 2009 and
September&nbsp;22, 2010. These options expire on the fifth anniversary of the grant date. Of the
3,500 stock options held by the referenced named executive officer with an exercise price of
$7.950, 875 will become</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->31<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>exercisable on each of November&nbsp;19, 2008, November&nbsp;19, 2009, November&nbsp;19, 2010 and November&nbsp;19,
2011. These options expire on the tenth anniversary of the grant date. The grant date of each
option is listed in the table below by expiration date.</TD>
</TR>

</TABLE>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Expiration Date</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Grant Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:15px; text-indent:-15px">10/29/2009
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10/29/2004</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">8/29/2010
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">8/29/2005</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">9/22/2011
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">9/22/2006</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">11/19/2017
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">11/19/2007</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The stock options were granted under the 1998 Plan and vest 25% per year beginning on the
first anniversary of the date of grant. Accordingly, of the 1,250 stock options held by
Walter R. Tankersley with an exercise price of $18.030, 1,250 will become exercisable on
October&nbsp;29, 2008. Of the 1,750 stock options held by Walter R. Tankersley with an exercise
price of $18.460, 875 became exercisable on August&nbsp;29, 2008 and 875 will become exercisable on
August&nbsp;29, 2009. Of the 2,625 stock options held by Walter R. Tankersley with an exercise
price of $9.990, 875 became exercisable on September&nbsp;22, 2008 and 875 will become exercisable
on each of September&nbsp;22, 2009 and September&nbsp;22, 2010. These options expire on the tenth
anniversary of the grant date. The grant date of each option is listed in the table below by
expiration date.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Expiration Date</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Grant Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">1/3/2012
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">1/3/2002</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">8/23/2012
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">8/23/2002</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">9/2/2013
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">9/2/2003</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">10/29/2014
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10/29/2004</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">8/29/2015
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">8/29/2005</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">9/22/2016
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">9/22/2006</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For fiscal 2008, the named executive officers were each granted 4,500 stock options that
vest over time and for which vesting is dependent upon achieving a targeted SVA improvement by
the end of fiscal 2009 that is separate from and higher than the fiscal 2008 target set
pursuant to our SVA Plan (the &#147;SVA-Based Grants&#148;). The SVA-Based Grants are eligible to vest
at 25% annually commencing on the first anniversary of the date of the grant and become fully
exercisable on the fourth anniversary of the date of the grant only if our company achieves
the target SVA improvement set for the SVA-Based Grants by the end of fiscal 2009. Because our
company did not achieve the target SVA improvement set for the SVA-Based Grants in fiscal
2008, no SVA-Based Grants will vest on November&nbsp;19, 2008, the first anniversary of the date of
grant. If our company achieves the target SVA improvement set for the SVA-Based Grants by
the end of fiscal 2009, 50% of the SVA-Based Grants will vest on the second anniversary of the
date of grant (November&nbsp;19, 2009), with the remaining 50% vesting equally on the subsequent
two anniversary dates (November&nbsp;19, 2010 and November&nbsp;19, 2011). If our company does not
achieve the target SVA improvement set for the SVA-Based Grants by the end of fiscal 2009, the
SVA-Based Grants will be forfeited.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The SVA-Based Grants expire on the tenth anniversary of the grant date. The grant date of each
option is listed in the table below by expiration date.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Expiration Date</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Grant Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">11/19/2017
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">11/19/2007</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->32<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Other Post Employment Payments</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the SERP, amounts for which appear in the Pension Benefits Table above, the Management Team
may receive post employment payments at the termination of employment, other than for &#147;cause&#148;, by
reasons including retirement, disability or death and if the participant has at least five years of
employment with our company. Upon a termination for cause, all benefit rights under the SERP will
terminate and be forfeited. Pursuant to the terms of the SERP, the employment of a participant
shall be deemed to have been terminated by our company for &#147;cause&#148; if a participant has: (a)
engaged in one or more acts constituting a felony, or involving fraud or serious moral turpitude;
(b)&nbsp;willfully refused (except by reason of incapacity due to accident or illness) to perform
substantially his duties, provided that such refusal shall have resulted in demonstrable material
injury to our company or its subsidiaries; or (c)&nbsp;willfully engaged in gross misconduct materially
injurious to our company. If a member of the Management Team separates from our company on or
after age 65 (other than for cause), that Management Team member will receive the full benefit
under the formula described under the Pension Benefits Table. If a member of the Management Team
separates from our company before age 65 (other than for cause), has attained the age of 55 and has
been credited with at least ten years of employment at the time of termination of employment, that
Management Team member will receive the actuarial equivalent of the age 65 benefit, to be paid as
soon as feasible on or after the participant&#146;s attainment of age 55. If a Management Team member
separates from our company before age 65 and has not been credited with at least ten years of
employment, that Management Team member&#146;s benefits may not commence until the attainment of age 65.
All members of the Management Team have been credited with at least ten years of employment. As
all members of the Management Team are deemed &#147;specified employees&#148; under Section&nbsp;409(A) of the
Internal Revenue Code, benefits will not be paid until the date that is six months after the
effective date of termination of employment. In the event that termination of employment was the
result of long-term disability, benefits shall be reduced to the extent of any benefits received
under our company&#146;s long-term disability plan until such time that benefits under the long-term
disability plan cease.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the event the present lump sum actuarial equivalent value of benefits under the SERP on the
benefit commencement date is less than or equal to $50,000 such benefits will be paid to the
participant or the participant&#146;s beneficiary in a single lump sum distribution. If a participant
does not have a beneficiary on the date benefits commence, benefits will cease upon the
participant&#146;s death. If both the participant and the participant&#146;s beneficiary die before benefit
commencement, all entitlement to benefits will terminate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">So long as a participant is not terminated for cause, and has fulfilled the conditions precedent to
payment described above, a participant is entitled to payment pursuant to the SERP. Other than as
described above, there are no material conditions or obligations applicable to the receipt of
payments or benefits under the SERP, such as a requirement to enter into non-compete,
non-solicitation, non-disparagement or confidentiality agreements.
</DIV>
<!-- link1 "COMPENSATION COMMITTEE REPORT" -->
<DIV align="left"><A NAME="013"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>COMPENSATION COMMITTEE REPORT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Compensation Committee reviews and makes recommendations to the Board of Directors with respect
to the salaries, bonuses and other compensation of executive officers and non-management directors.
The duties and procedures of the Compensation Committee are explained in greater detail in the
Compensation Committee subsection of the Corporate Governance section and the Compensation
Discussion and Analysis section of this Proxy Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Compensation Committee has reviewed and discussed the Compensation Discussion and Analysis with
management. Based on this review and discussion, the Compensation Committee recommended to the
Board of Directors that the Compensation Discussion and Analysis be included in this Proxy
Statement in accordance with Item&nbsp;407(e)(5) of Regulation&nbsp;S-K.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Respectfully submitted by the members of the Compensation Committee of the Board of Directors.</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Timothy R. Donovan, Chairman<BR>
Governor Jim Edgar<BR>
Daniel M. Wright

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->33<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>The information contained in the preceding report shall not be deemed to be &#147;soliciting material&#148;
or to be &#147;filed&#148; with the Commission, nor shall such information be incorporated by reference into
any future filing under the Securities Act of 1933, </I>as <I>amended, or the Exchange Act, except to the
extent that we specifically incorporate it by reference in such filing.</I>
</DIV>
<!-- link1 "PERFORMANCE GRAPH" -->
<DIV align="left"><A NAME="014"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PERFORMANCE GRAPH</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The graph below compares the cumulative five-year total return of holders of our company&#146;s common
stock with the cumulative total returns of the S&#038;P 500 index, and a customized peer group of four
companies that includes: J &#038; J Snack Foods Corp., Lance, Inc., Sensient Technologies Corporation
and Tootsie Roll Industries, Inc. The Peer Group was selected by us in good faith based upon
similarities in the nature of the business of the companies, total revenues and seasonality of
business of the companies. The graph tracks the performance of a $100 investment in our common
stock, in the peer group, and the index (with the reinvestment of all dividends) from June&nbsp;26, 2003
to June&nbsp;26, 2008.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN</B><BR>
Among John B. Sanfilippo &#038; Son, Inc., the S&#038;P 500 Index<BR>
and the Peer Group
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><IMG src="c35022dc3502201.gif" alt="(PERFORMANCE GRAPH)">

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$100 invested on 6/26/03 in stock or 6/30/03 in index-including reinvestment of dividends.
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Index calculated on month-end basis.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->34<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>REVIEW OF RELATED PARTY TRANSACTIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our company has adopted a formal written policy governing the review and approval of related party
transactions. Our policy defines a transaction as any financial or other transaction, arrangement
or relationship (or series of similar transactions, arrangements or relationships) and any
amendment thereto in which the amount involved exceeds $120,000. A related party is defined as (a)
any executive officer (as defined in Rule&nbsp;3b-7 under the Exchange Act) or director of our company,
(b)&nbsp;any nominee for election as a director of our company, (c)&nbsp;any beneficial owner of more than
five percent of the voting securities of our company, (d)&nbsp;any immediate family member of any of the
foregoing persons or (e)&nbsp;any entity in which any of the foregoing persons has or will have a direct
or indirect material interest. In accordance with this policy, our Audit Committee, which is
comprised solely of independent directors, must review all such transactions, and may approve
related party transactions if it determines that the transactions are on terms, including levels of
service and quality, that are at least as favorable to the company as could be obtained from
unaffiliated parties. In connection with any proposed related party transaction, our company
prepares a memorandum for the Audit Committee&#146;s review outlining the reasons why our company wishes
to enter into the proposed transaction and any other relevant information, including competitive
bids. As a condition to approving or ratifying any related person transaction, or with respect to
any category of related person transaction covered by the policy, the Audit Committee may impose
whatever conditions and standards it deems appropriate, including periodic monitoring of ongoing
related person transactions. In addition, our Board of Directors at its election may designate a
special committee of independent directors to review and approve related party transactions. Our
Audit Committee and any special committee may engage advisors to assist it in making the required
evaluation of the terms of the proposed transactions. The policy also grants the Audit Committee
discretion to impose sanctions on a related person that fails to notify the Audit Committee in
advance of a transaction governed by the policy. All transactions outlined below have been
approved by our Audit Committee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Lease Arrangement</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As first discussed in the fiscal 2006 proxy, the company&#146;s Board of Directors appointed an
independent board committee to explore alternatives in order to expedite our company&#146;s facility
consolidation project. The independent committee explored alternatives with respect to the
company&#146;s existing leases for properties owned by two related party partnerships. These two
partnerships, the 300 East Touhy Limited Partnership (the &#147;Touhy Partnership&#148;) and the Arthur/Busse
Limited Partnership (the &#147;Busse Partnership&#148;) had the following limited partners: Jasper B.
Sanfilippo and Mathias A. Valentine (both of whom are stockholders and directors of our company),
their respective spouses (Marian Sanfilippo and Mary Valentine), Anne Karacic and Rose Laketa
(sisters of Mr.&nbsp;Sanfilippo), Rosalie Sanfilippo (Mr.&nbsp;Sanfilippo&#146;s mother) and for the Touhy
Partnership only, Rita Zadurski (Ms.&nbsp;Laketa&#146;s daughter). All transactions relating to the leases
were approved by the Audit Committee, and though some of these transactions were completed in
fiscal 2006, the following transactions occurred in fiscal 2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During a portion of fiscal 2007, we leased a production and office facility at 2299 Busse Road, Elk
Grove Village, Illinois (the &#147;Busse Road Facility&#148;) from a land trust (the &#147;Busse Land Trust&#148;) that
owns the Busse Road Facility. The sole beneficiary of the Busse Land Trust is the Busse
Partnership. We paid $35,689 of lease payments in fiscal 2007 prior to the sale of such facility,
as described below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We constructed an addition of the Busse Road Facility that is situated on property owned by the
Busse Land Trust and on property owned by us, which we purchased in 1989. In July&nbsp;2006, we sold the
portion of the facility we owned to the Busse Partnership for $2.0&nbsp;million. The sale price was
determined after extended arms-length negotiations between our company and the Busse Partnership.
In July&nbsp;2006, the Busse Partnership sold the Busse Road Facility to an unrelated third party. Our
company&#146;s lease was terminated at that time with no penalty or cost.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our company sold and leased back its facility located in Selma, Texas to the Busse Partnership and
the Touhy Partnership in September&nbsp;2006. Subsequently, in January&nbsp;2007, the Busse Partnership and
Touhy Partnership merged to form Selma Investments, LLC. The following individuals are currently
members of Selma Investments, LLC: Jasper B. Sanfilippo and Marian Sanfilippo (together, 25%
owners), Mathias A. Valentine and Mary Valentine (together, 25% owners), Anne Karacic (25% owner),
Rose Laketa (24.13% owner) and Rita Zadurski (0.87% owner). We acquired the Selma, Texas facility
in 1992. The sale price of the Selma facility in September&nbsp;2006, which was determined by Joseph J.
Blake and
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->35<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Associates, Inc., an independent appraiser, was $14.3&nbsp;million. The term of the lease is ten years
with three five year renewal options. Our company&#146;s lease payment is fixed at $109,052 per month
through the fifth anniversary date, at which time a lease payment adjustment will be made based on
a Consumer Price Index Factor. This lease payment is based on $4.00 per rentable square foot,
which was determined to be the fair market value of such space. The total amount paid under the
lease in fiscal years 2008 and 2007 was $1,308,620 and $1,025,085, respectively. The lease
payments for each of the five year renewal options are subject to an adjustment based on the
prevailing market rate for similar property. Our company has the option to purchase the facility
commencing on the fifth anniversary of the lease agreement and this option is irrevocable through
any of the renewal periods. The purchase price shall be the greater of $14.3&nbsp;million or
ninety-five percent of the fair market value of the facility. Our company also has a right of
first refusal, allowing it to match any offer that may be made on the leased premises from a third
party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Supplier and Other Arrangements</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During fiscal 2008, we purchased approximately $9.34&nbsp;million of raw materials and $82,000 of
equipment, supplies and services from Clear Lam Packaging, Inc. (&#147;Clear Lam&#148;). During fiscal 2007,
we purchased approximately $9.77&nbsp;million of raw materials and $395,000 of equipment, supplies and
services from Clear Lam. The Audit Committee has approved certain purchases from Clear Lam for
fiscal 2009. Currently, James J. Sanfilippo and John E. Sanfilippo (children of Jasper and Marian
Sanfilippo) each own 6.77% of Clear Lam. The remainder of Clear Lam is owned by a trust, the equal
beneficiaries of which are the children of Jasper and Marian Sanfilippo (including Jasper B.
Sanfilippo, Jr. and Jeffery T. Sanfilippo). Jasper B. Sanfilippo, a stockholder and director of
our company, serves as a director of Clear Lam. The five children of Jasper B. Sanfilippo
(including Jasper B. Sanfilippo, Jr. and Jeffrey T. Sanfilippo) are directors of Clear Lam. During
fiscal 2007, the ownership of Clear Lam was as follows: Marian Sanfilippo owned 11% of the
outstanding stock of Clear Lam and the five children of Jasper B. Sanfilippo and Marian Sanfilippo
owned the balance of Clear Lam either directly or as equal beneficiaries of a trust.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During fiscal 2008, we purchased approximately $330,000 of raw materials and supplies from JRC
Color Corp. (&#147;JRC&#148;). During fiscal 2007, we purchased approximately $415,000 of raw materials and
$369,000 of supplies from JRC. The Audit Committee has approved certain purchases from JRC for
fiscal 2009. Currently, JRC is two-thirds owned by Jerome Evon, the son-in-law of Jasper B.
Sanfilippo. During fiscal 2007 and part of fiscal 2008, JRC was one-third owned by Jerome Evon.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During fiscal 2008, we compensated Roseanne Christman, Director of Corporate Marketing &#150; Private
Brands. Ms.&nbsp;Christman, is the sister-in-law of Timothy R. Donovan, a director of our company. Ms.
Christman&#146;s total compensation for fiscal 2008 was $184,227 including $42,925 related to incentive
plan compensations. Roseanne Christman&#146;s total compensation for fiscal 2007 was $154,713 including
$22,653 related to exercised stock options.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During fiscal 2008, we compensated Lisa Evon, Director of Customer Service. Ms.&nbsp;Evon is (a)&nbsp;the
daughter of Jasper B. Sanfilippo, a director of our company and (b)&nbsp;the sister of Jeffrey T.
Sanfilippo and Jasper B. Sanfilippo, Jr., directors and executive officers of our company. Ms.
Evon&#146;s total compensation for fiscal 2008 was $120,394 including $28,550 related to incentive plan
compensations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During fiscal 2008, we hired Brenda Cannon, Vice President of Innovation &#038; Quality Systems. Ms.
Cannon is the wife of Michael G. Cannon, an executive officer of our company. Ms.&nbsp;Cannon&#146;s base
salary is $135,000 and she is a participant in our SVA Plan.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->36<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>PROPOSAL 2: RATIFY APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee of the Board of Directors has appointed PricewaterhouseCoopers LLP as the
independent registered public accounting firm to examine our consolidated financial statements for
the fiscal year ending June&nbsp;25, 2009, and to render other professional services as required, in
accordance with our pre-approval policies and procedures described below. The Audit Committee and
the Board of Directors, as a matter of company policy, are submitting the appointment of
PricewaterhouseCoopers LLP to stockholders for ratification.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If the stockholders do not vote on an advisory basis in favor of the selection of
PricewaterhouseCoopers LLP as our company&#146;s Independent Registered Public Accounting Firm, the
Audit Committee will reconsider whether to engage PricewaterhouseCoopers LLP but may ultimately
determine to engage that firm or another audit firm without re-submitting the matter to
stockholders. Even if the stockholders vote in favor of the selection of PricewaterhouseCoopers
LLP, the Audit Committee may in its sole discretion terminate the engagement of
PricewaterhouseCoopers LLP and direct the appointment of another Independent Registered Public
Accounting Firm at any time during the year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Representatives of PricewaterhouseCoopers LLP will be present at the Annual Meeting, will have the
opportunity to make a statement if they desire to do so, and are expected to be available to
respond to appropriate questions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Aggregate fees billed by our independent registered public accounting firm, PricewaterhouseCoopers
LLP, for audit services related to the most recent two fiscal years, and for other professional
services billed in the most recent two fiscal years, were as follows:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Type of Service</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Audit Fees<SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">718,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,129,600</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Audit Related Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tax Fees<SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">83,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">All Other Fees<SUP style="font-size: 85%; vertical-align: text-top">(3)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total<SUP style="font-size: 85%; vertical-align: text-top">(4)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">803,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,199,600</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Comprised of the audit of our annual financial statements and internal control over
financial reporting, reviews of our quarterly financial statements, consents and assistance
with review of documents filed with the Commission. For fiscal 2007, this amount includes
$284,300 of fees related to the restatement of fiscal 2006 financial results.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Comprised of services for tax compliance, tax planning and other tax service. Tax
compliance services include the preparation of our federal and state income tax returns.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Comprised of the licensing of accounting technical research software.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>The actual amount paid is different than the amount stated due to the variations in the
timing of billing cycles.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Reports on our Independent Registered Public Accounting Firm&#146;s projects and services are presented
to the Audit Committee on a regular basis. The Audit Committee is solely responsible for the
engagement of our Independent Registered Public Accounting Firm. The Audit Committee has
established pre-approval policies and procedures for engaging our Independent Registered Public
Accounting Firm to perform all audit services and permitted non-audit services. The policies and
procedures allow for either general pre-approval of designated services or specific pre-approval,
depending on the type of service. All services not subject to the general pre-approval framework
contained in the policy must be specifically pre-approved by the Audit Committee. Under the
policies and procedures, the Audit Committee may delegate pre-approval responsibilities to its
chairman or any other member or members. All of the fees described above were approved by the
Audit Committee pursuant to our pre-approval policies and procedures.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->37<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>The Board of Directors recommends a vote &#147;FOR&#148; ratification of the appointment of
PricewaterhouseCoopers LLP as the Independent Registered Public Accounting Firm for the fiscal year
ending June&nbsp;25, 2009.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>PROPOSAL 3: APPROVAL OF 2008 EQUITY INCENTIVE PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the Annual Meeting, the stockholders of our company will be asked to consider and approve the
2008 Equity Incentive Plan, to be effective as of September&nbsp;4, 2008. The 2008 Equity Incentive Plan
is intended to replace the 1998 Plan, which terminated on September&nbsp;1, 2008, provided, however,
that unexercised stock options that are outstanding under the 1998 Plan will continue to be
governed by the provisions of the 1998 Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>The Board of Directors recommends a vote &#147;FOR&#148; the approval of the 2008 Equity Incentive Plan</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Sanfilippo Group and the Valentine Group, who, collectively and in the aggregate have voting
control over 52.3% and 24.4%, respectively, of the combined voting power of our company&#146;s capital
stock issued and outstanding as of September&nbsp;4, 2008, have advised our company that they intend to
vote all of their shares in favor of the proposal. Passage of this proposal requires the
affirmative vote of the holders of shares representing a majority of the votes entitled to be cast
by the holders of shares present and entitled to vote at the Annual Meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The 1998 Plan terminated on September&nbsp;1, 2008. Unexercised options to purchase 470,440 shares of
Common Stock previously awarded under the 1998 Plan remain outstanding as of September&nbsp;4, 2008 and
will continue to be governed by the terms of the 1998 Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The purpose of the 2008 Equity Incentive Plan is to increase the ownership of Common Stock of our
company by those key employees (including officers and certain directors who are also officers) and
directors who contribute to the continued growth, development and financial success of our company
and its subsidiaries, to attract and retain key employees and reward them for our company&#146;s
performance, and to provide the key employees with incentives to enhance the growth and
profitability of our company. The Board of Directors and Compensation Committee believe that it
would be appropriate and beneficial to adopt the 2008 Equity Incentive Plan to replace the 1998
Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Description of Plan</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following constitutes a brief discussion of the material features of the 2008 Equity Incentive
Plan and is qualified in its entirety by reference to the copy of the 2008 Equity Incentive Plan
that is attached as Exhibit&nbsp;A to this Proxy Statement.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->38<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>At-a-Glance: The 2008 Equity Incentive Plan</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="19%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Provision</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Summary</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><B>Administration</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">The Compensation Committee administers the 2008 Equity Incentive Plan,
determines who receives an Award and the size and terms and conditions of that
Award</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><B>Eligibility</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Members of the Board of Directors, employees and other individuals providing
services to our company</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><B>Authorized Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">1,000,000 shares of Common Stock authorized for grants of Awards
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><B></B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Of that 1,000,000 shares, a maximum of 500,000 shares of Common Stock may be
used for grants of Common Stock, restricted stock and restricted stock units</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Type of Awards</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Options
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;Stock Appreciation Rights</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" NOWRAP>Restricted Stock
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;Common Stock</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" NOWRAP>Restricted Stock Units
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;Dividends and dividend equivalents</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><B>Option/SAR exercise <BR>

&nbsp;&nbsp;&nbsp;price</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Option and stock appreciation right exercise prices must be at least 100% of
the fair market value of our company Common Stock on the date of grant</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><B>Annual Award Limits</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">100,000 options or stock appreciation rights</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">50,000 shares of Common Stock, restricted stock or restricted stock units</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><B>Exercise of Options</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Cash, stock, cashless (broker), net exercise or any other method permitted by
the Compensation Committee</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><B>Change in Control <BR>
&nbsp;&nbsp;&nbsp;effects</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Unless otherwise provided for by the Compensation Committee, upon a change in
control (a)&nbsp;all options and stock appreciation rights then outstanding shall
become immediately and fully exercisable, (b)&nbsp;all restrictions and conditions
of all restricted stock then outstanding shall be deemed satisfied as of the
date of the Change in Control and (c)&nbsp;all restricted stock units, dividends and
dividend equivalents and any Award subject to performance goals shall become
vested and deemed earned or satisfied in full.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><B>162(m) Compliance</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">A subcommittee of the Compensation Committee may act to grant Awards intended
to comply with the performance based compensation provisions of Code Section
162(m)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><B>Non-Employee<BR>
&nbsp;&nbsp;&nbsp;Director Awards</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">The Compensation Committee, subject to approval by the full Board of Directors, shall determine all Awards to non-employee directors</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><B>Option repricing</B></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Not permitted without stockholder approval</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->39<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Administration of the 2008 Equity Incentive Plan and Participation</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Compensation Committee administers the 2008 Equity Incentive Plan and determines who is
eligible for any award or benefit granted under the 2008 Equity Incentive Plan, including, without
limitation, a grant of Common Stock, options, stock appreciation rights restricted stock,
restricted stock units and dividend and dividend equivalents (collectively, &#147;Awards&#148; and
individually, an &#147;Award&#148;), the type of Award, the number of shares of Common Stock to which an
Award may relate and the terms, conditions, restrictions and performance criteria, if any, relating
to any Award. In the event there is no valid Compensation Committee, the entire Board of Directors
may take any action under the 2008 Equity Incentive Plan that would otherwise be the responsibility
of the Compensation Committee. Further, the Compensation Committee may delegate its
responsibilities with respect to compensation that is intended to be &#147;performance-based&#148; for
purposes of Section 162(m) of the Code to a subcommittee of &#147;outside directors&#148; as that term is
defined in Code Section&nbsp;162(m). Individuals eligible to receive 2008 Equity Incentive Plan Awards
are employees of our company or its subsidiaries, consultants and other persons providing services
to our company or its subsidiaries and members of the Board of Directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Available Shares</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If the 2008 Equity Incentive Plan is approved at the Annual Meeting, the maximum total number of
shares of Common Stock that may be delivered under the 2008 Equity Incentive Plan is 1,000,000, and
of those 1,000,000 shares, the maximum number of shares of Common Stock with respect to awards of
Common Stock, restricted stock and restricted stock units is 500,000. Shares covered by an Award
shall only be counted as used to the extent they are actually issued. Any shares related to Awards
which (i)&nbsp;terminate by expiration, forfeiture, cancellation, or otherwise without the issuance of
such shares, (ii)&nbsp;are settled in cash in lieu of shares, or (iii)&nbsp;are exchanged with the
Compensation Committee&#146;s permission, prior to the issuance of shares, shall be available again for
grant under the 2008 Equity Incentive Plan. Moreover, if the exercise price of any option or the
tax withholding requirements with respect to any Award are satisfied by tendering shares to our
company (by either actual delivery or by attestation) or through the surrender of all or a portion
of an option, or if a stock appreciation right is exercised, only the number of shares issued, net
of the shares tendered, if any, will be deemed delivered for purposes of determining the maximum
number of shares available for delivery under the 2008 Equity Incentive Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Certain Terms and Conditions of Awards</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">An Award under the 2008 Equity Incentive Plan is subject to such terms and conditions, not
inconsistent with the 2008 Equity Incentive Plan, as the Compensation Committee prescribes. Awards
may be granted under the 2008 Equity Incentive Plan as any of the following: Common Stock; options;
SARs (stock appreciation rights); restricted stock; and restricted stock units; and dividend and
dividend equivalents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Options</U><I>. </I>The grant of an option will entitle the participant to purchase shares of
Common Stock at an exercise price established by the Compensation Committee. All options awarded
pursuant to the 2008 Equity Incentive Plan will be nonstatutory stock options.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>SARs</U><I>. </I>A stock appreciation right or &#147;SAR&#148; entitles the participant to receive, in
cash or shares of Common Stock, value equal to (or otherwise based on) the excess of (a)&nbsp;the fair
market value (as defined below) of a specified number of shares of Common Stock at the time of
exercise, over (b)&nbsp;an exercise price established by the Compensation Committee. No option or SAR
may be granted with a term that extends beyond the tenth anniversary of the grant date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Option/SAR Exercise Price</U><I>. </I>The &#147;option price&#148; or &#147;exercise price&#148; of each option and
SAR granted is established by the Compensation Committee or determined by a method established by
the Compensation Committee at the time the option or SAR is granted; provided, however, that no
exercise price may be less than 100% of the fair market value of a share of Common Stock on the
date of grant. As long as the stock is listed on the NASDAQ securities market, the &#147;fair market
value&#148; as of a date is the closing price of a share of Common Stock on that date as on the NASDAQ.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Methods of Option Exercise</U><I>. </I>The payment of the exercise price of an option, except as
otherwise provided by the Compensation Committee or as provided in an Award agreement, may be made
(a)&nbsp;in cash, (b)&nbsp;in shares of Common Stock valued at their fair market value at the time of
exercise, (c)&nbsp;by surrender of an exercisable option covering shares
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->40<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">with an aggregate fair market value as of the date of exercise in excess of the aggregate dollar
amount of the option prices of such shares under such option equal to the option price of the
options sought to be exercised, (d)&nbsp;through the delivery of irrevocable instructions to a broker to
deliver promptly to our company an amount in cash equal to the option price, (e)&nbsp;any combination of
the foregoing, (f)&nbsp;in accordance with the terms of an award agreement under which the options
sought to be exercised were granted or (g)&nbsp;in accordance with other methods as the Compensation
Committee may from time to time permit.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restricted Stock and Restricted Stock Units</U><I>. </I>A &#147;restricted stock&#148; Award is a grant of
shares of Common Stock, and a &#147;restricted stock unit&#148; Award is a grant of a right to receive a
specified number of shares of Common Stock, or cash in an amount equal to the value of a specified
number of shares of Common Stock, in the future, with such shares of Common Stock or right to
future delivery of such shares of Common Stock or payment of cash subject to a risk of forfeiture
or other restrictions that will lapse upon the achievement of one or more goals relating to
completion of service by the participant, and/or achievement of performance or other objectives, as
determined by the Compensation Committee. Except as otherwise determined by the Compensation
Committee, shares of restricted stock may be voted by the 2008 Equity Incentive Plan participant
and will receive dividends, if any. An Award of restricted stock units may provide the participant
with the right to receive dividend equivalent payments with respect to the shares underlying the Award.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Settlement in cash or stock</U><I>. </I>The obligation to make payments and distributions with
respect to Awards of SARs and restricted stock units may be satisfied through cash payments or the
delivery of shares of common stock, or any combination thereof as the Compensation Committee
determines.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transferability</U><I>. </I>Awards under the 2008 Equity Incentive Plan are not transferable or
assignable, except as designated by the participant by will or by the laws of descent and
distribution.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Annual award limits</U><I>. </I>The aggregate number of shares of Common Stock underlying awards
granted during any one calendar year period to any one individual are subject to the following
limits:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options &#151; 100,000 shares</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>SARs &#151; 100,000 shares</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Common Stock &#151; 50,000 shares</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Restricted Stock &#151; 50,000 shares</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Restricted Stock Units &#151; 50,000 shares</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain Adjustments</U><I>. </I>In the event of a corporate transaction involving our company
(including, without limitation, merger, consolidation, reorganization, recapitalization,
separation, partial or complete liquidation, stock dividend, stock split, reverse stock split,
split up, spin-off, or other distribution of stock or property of our company, combination of
shares, exchange of shares, dividend in kind, or other like change in capital structure), the
Compensation Committee shall adjust the terms of the 2008 Equity Incentive Plan and Awards to
preserve the benefits or potential benefits of the 2008 Equity Incentive Plan or the Awards
(including, without limitation, the shares of Common Stock authorized to be granted pursuant to the
2008 Equity Incentive Plan). Action by the Compensation Committee with respect to the 2008 Equity
Incentive Plan or Awards may include: (a)&nbsp;adjustment of the number and kind of shares which may be
issued under the 2008 Equity Incentive Plan; or (b)&nbsp;adjustment of the number and kind of shares
subject to outstanding Awards.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Employee Director Awards</U><I>. </I>The Compensation Committee, subject to approval by the
full Board of Directors, shall determine all Awards to non-employee directors. The terms and
conditions of such Awards shall be set forth in an agreement, and, except as provided in such
agreement, such Award shall vest or become exercisable on the first anniversary of the Award&#146;s date
of grant.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->41<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Grants</U>. Unless otherwise determined by the Compensation Committee, each grant of
options will become exercisable in equal installments of 25% of the shares covered by the option on
the first four anniversaries of the date of grant subject to, in the case of an employee, continued
employment with our company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Termination of Employment</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any unvested Award will terminate upon an employee&#146;s termination of employment if the termination
of employment was the result of the resignation of the employee or the termination of the employee
for cause (as defined in the 2008 Equity Incentive Plan) and otherwise, except that (a)&nbsp;if the
grantee&#146;s employment is terminated by the death of the grantee, unexercised options, to the extent
exercisable on the date of the grantee&#146;s death, may be exercised, in whole or in part, at any time
within one year after the date of death by the grantee&#146;s personal representative or by the person
to whom the option is transferred by will or the applicable laws of descent and distribution; (b)
if the grantee&#146;s employment is terminated as a result of retirement (as defined in the 2008 Equity
Incentive Plan), any unexercised option, to the extent exercisable at the date of such termination
of employment, may be exercised, in whole or in part, at any time within one year after the date of
such termination of employment; (c)&nbsp;if the grantee&#146;s employment is terminated as a result of the
permanent disability of the grantee, any unexercised option, to the extent exercisable at the date
of such termination of employment, may be exercised, in whole or in part, at any time within one
year after the date of such termination of employment; or (d)&nbsp;if the grantee&#146;s employment is
terminated for any reason other than by death, retirement, permanent disability, resignation or for
cause, any unexercised option to the extent excisable on the date of such termination of
employment, may be exercised, in whole or in part, at any time within 90&nbsp;days from the date of such
termination of employment. Any outstanding stock appreciation rights at the date of a termination
of employment will be treated similar to outstanding options. All outstanding restricted stock and
restricted stock units will be forfeited, except as otherwise determined by the Compensation
Committee or as otherwise provided in the 2008 Equity Incentive Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Amendment or Termination</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Board of Directors may, at any time, amend the 2008 Equity Incentive Plan, and may amend any
award agreement under the 2008 Equity Incentive Plan (as may the Compensation Committee), provided
that no amendment may, in the absence of written consent to the change by the affected participant,
materially impair the rights of any participant under any Award prior to the date such amendment is
adopted by the Board of Directors. Further, the Board of Directors may not, without further
approval of the stockholders of our company, either materially increase the number of shares
reserved for issuance under the 2008 Equity Incentive Plan except for corporate transactions
described under &#147;Certain Adjustments&#148; above, materially modify the requirements as to eligibility
for participation in the 2008 Equity Incentive Plan, or extend the date of the 2008 Equity
Incentive Plan termination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The 2008 Equity Incentive Plan shall terminate on the tenth (10th) anniversary of the effective
date, or at such earlier time as the Compensation Committee may determine. Any termination shall
not affect any rights outstanding under the 2008 Equity Incentive Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Change in Control</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A &#147;Change of Control&#148; is defined in the 2008 Equity Incentive Plan as the first date on which one
of the following events occurs: (a)&nbsp;the consummation of a merger or consolidation of our company
with or into another entity or any other corporate reorganization, if more than 50% of the combined
voting power of the surviving company is owned by persons who were not stockholders of our company;
(b)&nbsp;the sale, transfer or disposition of substantially all of our Company&#146;s assets; (c)&nbsp;a change in
the composition of the Board of Directors, as is defined in the 2008 Equity Incentive Plan; or (d)
any transaction as a result of which any person or group that is not a Permitted Holder (as defined
in the 2008 Equity Incentive Plan) becomes the beneficial owner of at least 30% of the voting power
of our Company. However, our Committee may elect not to treat any of the foregoing events as a
Change in Control of our company prior to the occurrence of such Change in Control or treat an
event substantially similar to the events described above as a Change in Control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Compensation Committee is allowed to determine the treatment of outstanding Awards prior to a
Change in Control. However, to the extent the Compensation Committee takes no action: (a)&nbsp;all
options and stock appreciation rights then outstanding shall become immediately and fully
exercisable; (b)&nbsp;all restrictions and conditions of all restricted stock then
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->42<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">outstanding shall be deemed satisfied as of the date of the Change in Control; and (c)&nbsp;all
restricted stock units, dividends and dividend equivalents and any Award subject to performance
goals shall become vested and deemed earned or satisfied in full, notwithstanding that the
applicable performance cycle, retention cycle or restriction conditions shall not have been
completed or met, and shall be paid or otherwise settled within 30&nbsp;days of the Change in Control
(except to the extent that payment must be made pursuant to its original schedule in order to
comply with the Code Section&nbsp;409A).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Federal Income Tax Consequences of Awards</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The federal income tax discussion set forth below is included for general information only.
Participants are urged to consult their tax advisors to determine the particular tax consequences
applicable to them, including the application and effect of foreign, state and local income and
other tax laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Common Stock, Restricted Stock and Restricted Stock Units</U><I>. </I>Awards in Common Stock are
generally taxable as compensation to the participant at the time of payment. Awards of restricted
stock do not constitute taxable income to the participant until such time as restrictions lapse
with regard to any installment or until such installment is no longer subject to a substantial risk
of forfeiture, unless the participant elects to realize taxable ordinary income in the year of
award in an amount equal to the fair market value of the restricted stock awarded, determined
without regard to the restrictions. Awards of restricted stock units do not constitute taxable
income to the participant until such time as the participant receives cash or Common Stock under
the terms of the awards. Our company generally is entitled to a deduction when income is taxable to
a participant. The amount of taxable income to the participant and corresponding deduction
generally is equal to the total amount of the cash and/or fair market value of the shares of Common
Stock received. Any interest and/or dividend equivalents earned on awards will also be taxable as
compensation to the participant and deductible by our company at the time of payment. Amounts
taxable as compensation to the participant are subject to withholding and employment taxes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Nonstatutory Stock Options</U>. All options issued pursuant to the 2008 Equity
Incentive Plan are nonstatutory stock options. Such options do not recognize taxable income at the
time of award, but will recognize compensation income upon exercise of the nonstatutory stock
option. Our company is not entitled to a deduction upon grant of a nonstatutory stock option, but
is entitled to a deduction upon exercise of a nonstatutory stock option, when income is taxable to
a participant. The amount of taxable income to the participant and corresponding deduction
generally is equal to the excess of the fair market value of the shares purchased on the exercise
date over the exercise price paid. Amounts taxable as compensation to the participant are subject
to withholding and employment taxes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation deduction limitation</U><I>. </I>Our company generally may not deduct as
compensation expense more than $1,000,000 paid in any tax year to each of the Named Executive
Officers. This deduction limitation does not apply to certain types of compensation, including
qualified performance-based compensation. Because option and exercise prices for options and SARs
must be granted at or above fair market value, they are deemed to be qualified performance-based
compensation under Code Section&nbsp;162(m).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Performance-based compensation under Code Section&nbsp;162(m)</U><I>. </I>Other Awards to employees
covered by Code Section 162(m) (&#147;Covered Employees&#148;) may or may not be qualified performance-based
compensation. For compensation to qualify as performance-based, our company is required to obtain
stockholder approval of the business criteria on which the performance goals will be set by the
Subcommittee for Awards to Covered Employees. The 2008 Equity Incentive Plan provides that
performance goals set by the Subcommittee with respect to Awards to Covered Employees will be based
upon one or a combination of the following business measurements: (a)&nbsp;net earnings or net income
(before or after taxes); (b)&nbsp;earnings per share; (c)&nbsp;net sales or revenue growth; (d)&nbsp;net operating
profit; (e)&nbsp;return measures (including, but not limited to, return on assets, capital, invested
capital, equity, sales, or revenue); (f)&nbsp;cash flow (including, but not limited to, operating cash
flow, free cash flow, cash flow return on equity, and cash flow return on investment); (g)&nbsp;earnings
before or after taxes, interest, depreciation, and/or amortization; (h)&nbsp;gross or operating margins;
(i)&nbsp;productivity ratios; (j)&nbsp;share price (including, but not limited to, growth measures and total
stockholder return); (k)&nbsp;expense targets; (l)&nbsp;margins; (m)&nbsp;operating efficiency; (n)&nbsp;market share;
(o)&nbsp;customer satisfaction; (p)&nbsp;working capital targets and change in working capital; and (q)
stockholder value added which is equal to the net operating profit after tax minus the sum of
capital multiplied by the cost of capital.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->43<!-- /Folio -->
</DIV>



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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Nonqualified deferred compensation</U><I>. </I>Code Section&nbsp;409A imposes an excise tax and other
negative tax effects upon the recipient of nonqualified deferred compensation that does not meet
certain requirements set forth in Code Section&nbsp;409A. Awards of Common Stock, restricted stock and
options will generally not be considered to be nonqualified deferred compensation that is subject
to Code Section&nbsp;409A. Under most circumstances awards of restricted stock units will be subject to
Code Section&nbsp;409A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Other Information</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A new plan benefits table for the 2008 Equity Incentive Plan and the benefits or amounts that would
have been received by or allocated to participants for the last completed fiscal year under the
2008 Equity Incentive Plan if the 2008 Equity Incentive Plan was then in effect, as described in
the federal proxy rules, are not provided because all Awards made under the 2008 Equity Incentive
Plan will be made at the Compensation Committee&#146;s discretion. Therefore, the benefits and amounts
that will be received or allocated under the 2008 Equity Incentive Plan are not determinable at
this time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The closing price of our Common Stock, as reported on the Nasdaq Global Market on October&nbsp;9, 2008,
was $6.28 per share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Securities Authorized under Equity Compensation Plans</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table sets forth information as of June&nbsp;26, 2008, with respect to equity securities
authorized for issuance pursuant to equity compensation plans previously approved by stockholders
of our company and equity compensation plans not previously approved by our company&#146;s stockholders.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">(c) Number of</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">(b) Weighted</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">securities remaining</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">(a) Number of</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">average</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">available for future</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">securities to be</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">exercise price</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">issuance under equity</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">issued upon</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">of outstanding</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">compensation plans</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">exercise of</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">options,</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">(excluding securities</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">options, warrants</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">warrants and</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">reflected in Column</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 0px solid #000000">Plan Category</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">and rights</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">rights</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">(a))</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity compensation plans approved by stockholders</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">470,440</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">11.49</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">31,000</TD>
    <TD nowrap><SUP style="font-size: 85%; vertical-align: text-top"><B>(1)</B></SUP></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity compensation plans not approved by
stockholders</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">470,440</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">11.49</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,000</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents shares available under the 1998 Plan, which terminated on September&nbsp;1, 2008. No
further awards may be issued pursuant to the 1998 Plan. If our company&#146;s 2008 Equity Incentive Plan
is approved by our company&#146;s stockholders at the Annual Meeting, a new 1,000,000 shares will be
available for future issuance under the 2008 Equity Incentive Plan.</TD>
</TR>

</TABLE>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Section&nbsp;16(a) of the Exchange Act requires our officers and directors, as well as persons who are
beneficial owners of more than ten percent of a registered class of our equity securities, to file
reports of ownership and changes in ownership on Forms 3, 4 and 5 with the Commission and the
Nasdaq Stock Market, and to furnish us with copies of these forms. To our knowledge, based solely
on our review of the copies of Forms 3, 4 and 5 submitted to us, we believe there were no instances
of noncompliance with the filing requirements imposed by Section 16(a) of the Exchange Act during
fiscal 2008 with respect to the foregoing persons.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->44<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "ANNUAL REPORT ON FORM 10-K" -->
<DIV align="left"><A NAME="015"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ANNUAL REPORT ON FORM 10-K</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our annual report on Form 10-K for the fiscal year ended June&nbsp;26, 2008, has been included in the
mailing of this Proxy Statement. Stockholders are referred to the report for financial and other
information about us, but such report is not incorporated in this Proxy Statement and is not to be
deemed a part of the proxy soliciting material.
</DIV>
<!-- link1 "STOCKHOLDER PROPOSALS FOR THE 2009 ANNUAL MEETING" -->
<DIV align="left"><A NAME="016"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>STOCKHOLDER PROPOSALS FOR THE 2009 ANNUAL MEETING</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the rules of the Commission, if a stockholder wants us to include a proposal in our proxy
statement and form of proxy for presentation at our 2009 annual meeting, the proposal must be
received by us at our principal executive offices at 1703 N. Randall Road, Elgin, Illinois
60123-7820 by June&nbsp;12, 2009. The proposal should be sent to the attention of the Secretary of our
company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If you intend to present a proposal at the 2009 annual meeting that is not to be included in our
company&#146;s proxy materials, a stockholder must comply with the various requirements established in
our company&#146;s Bylaws. Among other things, the Bylaws require that the stockholder submit a written
notice to the Secretary of our company at the address in the preceding paragraph not later than the
close of business on the 90th day, nor earlier than the close of business on the 120th day, prior
to the first anniversary of the preceding year&#146;s annual meeting. Thus, any notice must be received
at our principal executive offices no later than August&nbsp;1, 2009, and no earlier than July&nbsp;2, 2009.
However, if the annual meeting date is more than 30&nbsp;days before or more than 70&nbsp;days after such
anniversary date, notice by stockholders must be so delivered not earlier than the close of
business on the 120th day prior to such annual meeting and not later than the close of business on
the later of the 90th day prior to such annual meeting or the 10th day following the day on which
public announcement of the date of such meeting is first made by us.
</DIV>
<!-- link1 "PROXY SOLICITATION" -->
<DIV align="left"><A NAME="017"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PROXY SOLICITATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Proxies will be solicited by mail. Proxies may also be solicited by directors, officers and a
small number of our regular employees personally or by mail, telephone, fax or e-mail, but such
persons will not be specially compensated for such services. Brokerage houses, custodians,
nominees and fiduciaries will be requested to forward the soliciting material to the beneficial
owners of stock held of record by such persons, and we will reimburse them for their expenses in
doing so. The entire cost of the preparation and mailing of this Proxy Statement and accompanying
materials and the related proxy solicitation will be borne by us.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Stockholders are requested to complete and sign the enclosed proxy, which is solicited by the Board
of Directors, and promptly return it in the accompanying envelope whether or not they plan to
attend the Annual Meeting in person. The proxy is revocable at any time before it is voted.
Returning the proxy will in no way limit a stockholder&#146;s right to vote at the Annual Meeting if the
stockholder attends and chooses to vote in person.
</DIV>
<!-- link1 "OTHER MATTERS" -->
<DIV align="left"><A NAME="018"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>OTHER MATTERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Management does not intend to present, and does not have any reason to believe that others will
present, any item of business at the Annual Meeting other than those specifically set forth in the
notice of the Annual Meeting. However, if other matters are properly presented for a vote, the
proxies will be voted for such matters in accordance with the judgment of the persons acting under
the proxies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 50%">By Order of the Board of Directors
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 50%">MICHAEL J. VALENTINE<BR>
<I>Secretary</I>

</DIV>

<DIV align="left" style="font-size: 10pt">Elgin, Illinois<br>
October&nbsp;10, 2008</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->45<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT A</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>JOHN B. SANFILIPPO &#038; SON, INC.<BR>
2008 EQUITY INCENTIVE PLAN</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>PREAMBLE</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">John B. Sanfilippo &#038; Son, Inc., a Delaware corporation (together with its successors and assigns,
the &#147;Company&#148;), hereby establishes the John B. Sanfilippo &#038; Son, Inc. 2008 Equity Incentive Plan
(the &#147;Plan&#148;) to provide the Company with an effective means of attracting, retaining, and
motivating directors, officers, key employees and other service providers, and to provide them with
incentives to enhance the growth and profitability of the Company.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 1 DEFINITIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In this Plan, except where the context otherwise indicates, the following definitions and rules
apply:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Agreement</U> means either (i)&nbsp;a written agreement entered into by the Company and a
Participant setting forth the terms and provisions applicable to an Award granted under this
Plan, or (ii)&nbsp;a written or electronic statement issued by the Company to a Participant
describing the terms and provisions of such Award, in each case, including any amendment or
modification thereof. The Committee may provide for the use of electronic, internet or other
non-paper Award Agreements, and the use of electronic, internet or other non-paper means for
the acceptance thereof and actions thereunder by a Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Approval Date</U> shall mean the date the Plan is approved by the holders of a majority
of the combined voting power of the Common Stock and Class&nbsp;A Stock of the Company present, or
represented, and entitled to vote at a meeting duly called and held.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Award</U> means any award or benefit granted under the Plan, including, without
limitation, a grant of Common Stock, Options, Stock Appreciation Rights, Restricted Stock,
Restricted Stock Units, dividends or dividend equivalents.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Board</u> means the Board of Directors of the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Change in Control</u> shall have the meaning set forth in Section&nbsp;10.1.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Class&nbsp;A Stock</u> means the Class&nbsp;A Common Stock, $.01 par value per share, of the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Code</U> means the Internal Revenue Code of 1986, as amended, including any regulations
promulgated thereunder. A reference to any provision of the Code shall include reference to
any successor provision of the Code.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Committee</U> means the Compensation Committee of the Board, or any successor thereto
(references herein to the Committee shall be deemed to include the Subcommittee, as
applicable). In the event there is no valid Committee, the entire Board shall be the
Committee.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Common Stock</U> means the Common Stock, par value $.01 per share, of the Company, and
any other shares into which such Common Stock shall thereafter be exchanged by reason of a
recapitalization, merger, consolidation, split-up, combination, exchange of shares or the
like.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Company</U> shall have the meaning set forth in the Preamble.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.11</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Covered Employee</U> means a Participant who, as of the date of vesting and/or payout of
an Award, as applicable, is a &#147;covered employee&#148; as defined by Code Section&nbsp;162(m).</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->i<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.12</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Date of Exercise</U> means the date on which the Company receives notice of the exercise
of an Option or a Stock Appreciation Right in accordance with the terms hereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.13</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Date of Grant</U> means the date on which an Award is granted by the Committee (or such
later date as specified in advance by the Committee) or, in the case of an Award granted to an
Non-Employee Director, the date on which such Award is approved by the Board (or such later
date as specified in advance by the Board).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.14</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Effective Date</U> shall have the meaning set forth in Section&nbsp;2.1.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.15</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Employee</U> means any individual classified or treated as an employee of the Company
and/or its Subsidiaries on the payroll records thereof. An Employee shall not include any
individual during any period he or she is classified or treated by the Company and/or its
Subsidiaries as an independent contractor, a consultant, or any employee of an employment,
consulting, or temporary agency or any other entity other than the Company and/or its
Subsidiaries, without regard to whether such individual is subsequently determined to have
been, or is subsequently retroactively reclassified as a common-law employee of the Company
and/or its Subsidiary during such period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.16</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Exchange Act</u> means the Securities Exchange Act of 1934, as amended.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.17</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Exercise Price</u> shall have the meaning set forth in Section&nbsp;6.2.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.18</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Fair Market Value</u> of a Share means:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If on the applicable date the Common Stock is listed for trading on a national
securities exchange, including the NASDAQ Global Market, the closing price of the
Common Stock on such exchange on the applicable date, or if no sales of Common Stock
shall have occurred on such exchange on the applicable date, the closing price of the
Common Stock on such exchange on the next preceding date on which there were such
sales;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If on the applicable date the Common Stock is not listed for trading on a
national securities exchange, including the NASDAQ Global Market, the mean between the
closing bid price and the closing ask price of the Common Stock as otherwise reported
by the NASDAQ Stock Market LLC or its successors or assigns with respect to the
applicable date or, if the closing bid and ask prices for the Common Stock shall not
have been so reported with respect to the applicable date, on the next preceding date
with respect to which such bid and ask prices were so reported; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If on the applicable date the Common Stock is not listed for trading on a
national securities exchange, including the NASDAQ Global Market, or otherwise reported
by the NASDAQ Stock Market LLC or its successors or assigns, the fair market value of a
Share as determined by the Committee.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.19</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Family Members</U> shall have the meaning set forth in Section&nbsp;1.32(a).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.20</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>For Cause</U> shall have the meaning set forth in Section&nbsp;9.3.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.21</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Insider</U> means a director, officer or beneficial owner of more than 10% of the Common
Stock for purposes of Section&nbsp;16 of the Exchange Act.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.22</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Non-Employee Director</U> means any individual who is a director of the Company and who
is not also an employee of either the Company, any Subsidiary or any of their respective
affiliates.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.23</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Nonstatutory Stock Option</U> means an Option granted under the Plan that does not
qualify as an incentive stock option under Section&nbsp;422 of the Code.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->ii<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.24</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Option</u> means a right to purchase Common Stock granted under the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.25</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Option Period</u> means the period during which an Option may be exercised.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.26</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Option Price</u> shall have the meaning set forth in Section&nbsp;5.3(b).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.27</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Original Directors</u> shall have the meaning set forth in Section&nbsp;10.1(c).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.28</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Participant</u> means an individual with an outstanding Award.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.29</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Performance-Based Compensation</U> means &#147;performance-based compensation&#148; as that term is
used in Code Section&nbsp;162(m).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.30</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Performance Measures</U> shall have the meaning set forth in Section&nbsp;6.6(b).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.31</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Permanent Disability</U> means a mental or physical condition which, in the opinion of
the Committee, renders a Participant unable or incompetent to carry out the job
responsibilities which such Participant held or tasks to which such Participant was assigned
at the time the disability was incurred and which is expected to be permanent or for an
indefinite period. With respect to any Award subject to Code Section&nbsp;409A, the Committee may
not find that a Permanent Disability exists with respect to the applicable Participant unless,
in the Committee&#146;s opinion, such Participant is also &#147;disabled&#148; within the meaning of Code
Section&nbsp;409A.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.32</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Permitted Holder</U> means:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Jasper B. Sanfilippo (&#147;Jasper&#148;), Mathias A. Valentine, (&#147;Mathias&#148;), a spouse of
Jasper, a spouse of Mathias, any lineal descendant of Jasper or any lineal descendant
of Mathias (collectively referred to as the &#147;Family Members&#148;);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a legal representative of a deceased or disabled Family Member&#146;s estate,
provided that such legal representative is a Family Member;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a trustee of any trust of which all the beneficiaries (and any donees and
appointees of any powers of appointment held thereunder) are Family Members and the
trustee of which is a Family Member;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a custodian under the Uniform Gifts to Minors Act or Uniform Transfers to
Minors Act for the exclusive benefit of a Family Member, provided that such custodian
is a Family Member;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any corporation, partnership or other entity, provided that at least 75% of the
equity interests in such entity (by vote and by value) are owned, either directly or
indirectly, in the aggregate by Family Members;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any bank or other financial institution, solely as a bona
fide pledgee of shares of Class&nbsp;A Stock by the owner thereof as collateral security for indebtedness
due to the pledgee; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any employee benefit plan, or trust or account held thereunder, or any savings
or retirement account (including an individual retirement account), held for the
exclusive benefit of a Family Member.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.33</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Plan</U> shall have the meaning set forth in the Preamble.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.34</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Prior Plan</U> means the John B. Sanfilippo &#038; Son, Inc. 1998 Equity Incentive Plan.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->iii<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.35</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Restricted Stock</U> means any grant of Shares, with such Shares subject to a risk of
forfeiture or other restrictions as determined pursuant to the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.36</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Restricted Stock Unit</U> means the grant of a right to receive Shares (or a derivative
thereof) in the future, with such right to future delivery of Shares (or other rights) subject
to a risk of forfeiture or other restrictions as determined pursuant to the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.37</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Retirement</U> for an Employee means a Termination of Service, other than For Cause, to
the extent the Employee has attained, as of the effective date of such Termination of Service,
either (i)&nbsp;age 65 or, (ii)&nbsp;age 55 and 10 completed years of service with the Company or any
Subsidiary. Retirement for a Non-Employee Director means a Termination of Service on or after
the attainment of age 60.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.38</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Share</u> means a share of Common Stock.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.39</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Share Withholding</u> shall have the meaning set forth in Section&nbsp;8.4.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.40</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Stock Appreciation Right</u> means any such right granted under Section&nbsp;6.2.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.41</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>Subcommittee</u> shall have the meaning set forth in Section&nbsp;3.3.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.42</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Subsidiary</U> means a corporation of which at least 50% of the total combined voting
power of all classes of stock is owned by the Company either directly or through one or more
Subsidiaries.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.43</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Termination of Service</U> shall have the following meanings:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for an Employee, the date on which the Employee is no longer an Employee;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for a Non-Employee Director, the date on which the Non-Employee Director is no
longer a member of the Committee;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for any other eligible individual, the date on which such individual no longer
provides substantial services on a regular basis.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>With respect to any Award subject to Code Section&nbsp;409A, a Termination of
Service shall mean a &#147;separation from service&#148; within the meaning of Code Section&nbsp;409A.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 2 EFFECTIVE DATE AND AVAILABLE SHARES</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Effective Date, Approval Date and effect on Prior Plan</U>. The Board and the Committee
adopted the Plan on September&nbsp;4, 2008 (the &#147;Effective Date&#148;); provided, however, that Awards
granted under the Plan prior to the Approval Date are contingent on approval of the Plan by
the Company&#146;s stockholders. The Plan shall be unlimited in duration and, in the event of Plan
termination, shall remain in effect as long as any Awards under it are outstanding; provided,
however, that no Awards may be granted under the Plan after the ten-year anniversary of the
Effective Date (except for Awards granted pursuant to commitments entered into prior to such
ten-year anniversary). Upon the Effective Date, no further awards will be made under the Prior
Plan. If there is no Approval Date within 12&nbsp;months of the Effective Date, Awards granted
pursuant to the Plan shall be deemed cancelled.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->iv<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Share authorization</U>.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The maximum number of Shares available for grants of Awards (including the
Shares underlying such Awards) pursuant to the Plan is 1,000,000.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The maximum number of Shares available for Awards of Common Stock, Restricted
Stock and Restricted Stock Units is 500,000.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shares issued pursuant to the Plan may come from authorized and unissued
Shares, treasury Shares or Shares purchased by the Company in the open market.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Share usage</U>. The limits of Sections&nbsp;2.2(a) and (b)&nbsp;are governed by the rules
contained in this Section&nbsp;2.3. Any Shares related to Awards which (i)&nbsp;terminate by
expiration, forfeiture, cancellation, or otherwise without the issuance of such Shares, (ii)
are settled in cash in lieu of Shares, or (iii)&nbsp;are exchanged with the Committee&#146;s permission,
prior to the issuance of Shares, shall be available again for grant under this Plan.
Moreover, if the Option Price of any Option or the tax withholding requirements with respect
to any Award are satisfied by tendering Shares to the Company (by either actual delivery or by
attestation) or through the surrender of all or a portion of an Option, or if a Stock
Appreciation Right is exercised, only the number of Shares issued, net of the Shares tendered,
if any, will be deemed delivered for purposes of determining the maximum number of Shares
available for delivery under this Plan.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 3 ADMINISTRATION</B>
</DIV>


<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><u>The Committee</u>. The Plan shall be administered by the Committee in accordance with the following:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Committee shall have the authority in its sole discretion, at any time, and
from time to time, subject to and not inconsistent with the express provisions of the
Plan, to administer the Plan and to exercise all the powers and authorities either
specifically granted to it under the Plan or as it deems necessary or advisable in
administration of the Plan, including without limitation, (i)&nbsp;the authority to grant
Awards; (ii)&nbsp;to determine the individuals to whom and the time or times at which Awards
shall be granted; (iii)&nbsp;to determine the type and number of Awards to be granted, as
applicable, the number of Shares to which an Award may relate and the terms,
conditions, restrictions and performance criteria relating to any Award; (iv)&nbsp;to
determine whether, to what extent, and under what circumstances and the manner in which
an Award may be settled, cancelled, forfeited, exchanged or surrendered; (v)&nbsp;to
construe and interpret the Plan and any Award; (vi)&nbsp;to prescribe, amend, and rescind
rules and regulations relating to the Plan, including but not limited to, rules and
regulations relating to leaves of absence and changes from an employee to a service
provider or consultant; and (vii)&nbsp;to make all other determinations deemed necessary or
advisable for the administration and implementation of the Plan. The determination of
the Committee on all matters relating to the Plan or any Agreement shall be final and
conclusive and binding on the Company and all Participants and beneficiaries.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except to the extent prohibited by applicable law or the applicable rules of a
securities exchange, or inconsistent with the Company&#146;s Bylaws or Committee charters,
the Committee may allocate all or any portion of its responsibilities and powers to any
one or more of its members and may delegate all or any part of its responsibilities and
powers to any person or persons selected by it. Such delegation shall include, unless
limited by its terms, all of the responsibility and authority held by the Committee
hereunder, and any such allocation or delegation may be revoked by the Committee at any
time.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Prohibition on Option Repricing</U>. Notwithstanding any other provision of the Plan,
the Committee may not reprice, replace or regrant any Option granted under the Plan or any
other plan of the Company, (i)&nbsp;through cancellation and replacement or regrant with lower
priced options or (ii)&nbsp;by lowering the Option Price of a previously granted Award, without the
prior approval of Company stockholders.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->v<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Code Section 162(m) Subcommittee.</U> Notwithstanding anything to the contrary contained
herein, the Committee has the authority to designate, if desirable, a subcommittee (the
&#147;Subcommittee&#148;) to administer the Plan with respect to Covered Employees. If a Subcommittee
is designated, the Subcommittee shall be composed of two or more members of the Committee
appointed by the Committee, all of whom shall be &#147;outside directors&#148; as that term is used in
Code Section&nbsp;162(m). With respect to such Covered Employees, the Subcommittee shall have all
of the powers, rights, and duties granted to the Committee under this Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Periodic Committee review and meetings with management</U>. The Committee may from time
to time review the implementation and results of the Plan to determine the extent to which the
Plan&#146;s purpose is being accomplished. In addition, the Committee may periodically meet with
senior management of the Company to review their suggestions regarding grants under the Plan,
including the individuals who are proposed to receive grants and the amount and terms of such
grants; provided, however, that unless otherwise delegated, all such grants shall be
determined solely by the Committee in its discretion.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 4 AWARDS</B>
</DIV>


<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Eligibility</U>. Awards may be granted to any Employee, any consultant or other person
providing services to the Company or a Subsidiary and any member of the Board.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Award Agreements</U>. Awards under the Plan shall be evidenced by Agreements which shall
not be inconsistent with the terms and provisions of the Plan, and which shall contain such
provisions as the Committee may in its sole discretion determine. A copy of such Agreement
shall be provided to the Participant, and the Committee may, but need not, require that the
Participant sign a copy of such Agreement. Without limiting the generality of the foregoing,
the Committee may in any Agreement impose such restrictions or conditions upon the exercise or
settlement of any Award or upon the sale or other disposition of any Shares issuable pursuant
to the Plan as the Committee may in its sole discretion determine. Awards and related
Agreements may, but need not, be uniform among Participants. By accepting an Award pursuant
to the Plan each Participant shall thereby agree that each such Award shall be subject to all
of the terms and provisions of the Plan. In the event of any inconsistency between an
Agreement and the Plan, the terms of the Plan shall prevail.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 5 OPTIONS</B>
</DIV>


<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>General</U>. The Committee is authorized to grant Options with the terms and conditions
set forth in this Article and with such additional terms and conditions, not inconsistent with
the provisions of the Plan, as the Committee shall determine in its sole discretion.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Type of Options</U>. All Options granted pursuant to the Plan shall be Nonstatutory Stock
Options.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>General terms and conditions</U>. The Committee shall determine all terms and conditions
of the Options not inconsistent with the Plan, provided that, the following terms and
conditions shall apply to all Options:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options may not be exercised after ten years have elapsed from the Date of
Grant;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The option price (&#147;Option Price&#148;) shall be determined by the Committee in
accordance with the terms and conditions of the Plan, except that, in no event shall
the Option Price be less than 100% of the Fair Market Value per Share determined as of
the Date of Grant;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as otherwise provided by the Committee and set forth in the Award
Agreement, each Option shall become exercisable in equal installments of 25% of the
total number of Shares subject to being purchased thereunder on each of the first,
second, third and fourth anniversaries of the Option&#146;s Date of Grant; provided,
however, that the Participant remains an Employee (or a Non-Employee Director or
continues to provide services as a consultant, as applicable) on a regular and
continuous basis through each such anniversary of the Date of Grant; and</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->vi<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Options shall not contain any provision entitling a Participant to the
automatic grant of additional Options in connection with any exercise of the original
Option.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Annual individual limit</U>. The maximum number of Shares subject to Options which may
be awarded to any individual in any one calendar year shall not exceed 100,000 Shares.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Exercise of Options</U>. Subject to the provisions hereof and the provisions of the
Agreement under which it was granted, each Option shall be exercised by delivery to the
Company&#146;s treasurer of written notice (or by such other method determined by the Committee and
communicated in writing to a Participant) of intent to purchase a specific whole number of
Shares subject to the Option or by such other method as may be provided by the Committee.
Except as otherwise provided in an Agreement or determined by the Committee, a payment to
exercise an Option may, at the election of the Participant, be made in (i)&nbsp;cash, (ii)&nbsp;Shares
valued at their Fair Market Value on the Date of Exercise, (iii)&nbsp;surrender of an exercisable
Option covering Shares with an aggregate Fair Market Value as of the date of exercise in
excess of the aggregate dollar amount of the Option Prices of such Shares under such Option
equal to the Option Price of the Options sought to be exercised, (iv)&nbsp;through the delivery of
irrevocable instructions to a broker to deliver promptly to the Company an amount in cash
equal to the Option Price, (v)&nbsp;any combination of the foregoing, or (vi)&nbsp;in accordance with
the terms of the Agreement under which the Options sought to be exercised were granted, or
(vii)&nbsp;in accordance with other methods as the Committee may from time to time permit. A
Participant may surrender to the Company an Option (or a portion thereof) that has become
exercisable and receive upon such surrender, without any payment to the Company or a
Subsidiary (other than required tax withholding amounts), that number of Shares (equal to the
highest whole number of Shares) having an aggregate Fair Market Value as of the date of
surrender equal to that number of Shares subject to the Option (or portion thereof) being
surrendered multiplied by an amount equal to the excess of (i)&nbsp;the Fair Market Value of a
Share on the date of surrender, over (ii)&nbsp;the Option Price, plus an amount of cash equal to
the Fair Market Value of any fractional Share to which the Participant might be entitled. Any
such surrender shall be treated as the exercise of the Option (or portion thereof).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 6 OTHER AWARDS</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Restricted Stock and Restricted Stock Units</U>. The Committee is authorized to grant
Awards of Common Stock, Restricted Stock and Restricted Stock Units. Any such Award shall be
subject to such conditions, restrictions and contingencies as the Committee may impose
(including, without limitation, any limitation on the right to vote Restricted Stock or the
right to receive any dividend or other right or property), which may lapse separately or in
combination and at such time or times as the Committee may deem appropriate. Awards of
Restricted Stock Units may be subject to such terms and conditions deemed necessary and
desirable by the Committee to permit such Awards to comply with the provisions of Code Section
409A.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Stock Appreciation Rights</U>. The Committee is authorized to grant Stock Appreciation
Rights, which may, but need not, relate to a specific Option granted under the Plan. Subject
to the terms of the Plan and any applicable Agreement, each Stock Appreciation Right shall
confer on the holder thereof a right to receive, upon exercise thereof, the excess of (a)&nbsp;the
Fair Market Value of one Share on the Date of Exercise over (ii)&nbsp;the exercise price (the
&#147;Exercise Price&#148;) of the right as specified by the Committee, which shall not be less than the
Fair Market Value of one Share on the Date of Grant of the Stock Appreciation Right. Subject
to the terms of the Plan and any applicable Agreement, the Exercise Price, term, methods of
exercise, methods of payment or settlement, including whether such Stock Appreciation Right
shall be settled in cash or Shares, and any other terms and conditions of any Stock
Appreciation Right shall be as determined by the Committee, but in no event shall the term of
a Stock Appreciation Right exceed a period of ten years from the date of its grant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Dividends and Dividend Equivalents</U>. Any Award of Restricted Stock or Restricted
Stock Units may provide the Participant with the right to receive dividend payments or
dividend equivalent payments with respect to Shares underlying the Award (both before and/or
after the Shares subject to the Award are earned, vested, or acquired), which payments may be
either made currently or credited to an account for the Participant (the Agreement shall
specify whether such amounts are paid currently or credited to an account, and any such
account shall be intended</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->vii<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to comply with applicable provisions of Code Section&nbsp;409A), and may be settled in cash or
Shares as determined by the Committee. Any such settlements, and any such crediting of
dividends or dividend equivalents or reinvestments in Shares, may be subject to such
conditions, restrictions and contingencies as the Committee shall establish, including the
reinvestment of such credited amounts in Share equivalents.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Share certificates and distributions</U>. At the time Restricted Stock is granted to a
Participant, share certificates representing the appropriate number of Shares of Restricted
Stock shall be registered in the name of the Participant but shall be held by the Company in
custody for the account of such person. The Committee (and the Company) may take whatever
actions it determines necessary or desirable to restrict the transferability of the unvested
Restricted Stock including providing that the certificates bear a legend restricting their
transferability. Any Shares or other securities of the Company received by a Participant to
whom Restricted Stock has been granted as a result of a stock distribution to stockholders or
as a stock dividend on Common Stock shall be subject to the same terms, conditions and
restrictions as such Restricted Stock.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Annual individual limits</U>.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The maximum number of Shares subject to Stock Appreciation Rights which may be
awarded to any individual in any one calendar year shall not exceed 100,000 Shares.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The maximum number of Shares, shares of Restricted Stock or Restricted Stock
Units which may be awarded to any individual in any one calendar year shall not exceed
50,000 (for the avoidance of doubt, this limit applies separately to each type of
Award).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Performance-Based Compensation</U>.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An Award of Restricted Stock or Restricted Stock Units that is intended to
qualify as Performance-Based Compensation shall be governed by this Section&nbsp;6.6.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The performance goals upon which the payment or vesting of an Award of
Restricted Stock and Restricted Stock Units to a Covered Employee that is intended to
qualify as Performance-Based Compensation shall be limited to one or more of the
performance measures listed in Appendix&nbsp;A hereto (the &#147;Performance Measures&#148;).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any Performance Measure(s) may be used to measure the performance of the
Company and its Subsidiaries as a whole or any business unit of the Company or its
Subsidiaries or any combination thereof, as the Committee may deem appropriate, or any
of the Performance Measures as compared to the performance of a group of comparator
companies, or published or special index that the Committee, in its sole discretion,
deems appropriate, or the Company may select Performance Measure (j)&nbsp;on Appendix&nbsp;A as
compared to various stock market indices. The Committee also has the authority to
provide for accelerated vesting of any Award based on the achievement of performance
goals pursuant to the Performance Measures set forth at Appendix&nbsp;A.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Committee may provide in any such Award that any evaluation of performance
may include or exclude any of the following events that occurs during a Performance
Period: (i)&nbsp;asset write-downs, (ii)&nbsp;litigation or claim judgments or settlements, (iii)
the effect of changes in tax laws, accounting principles, or other laws or provisions
affecting reported results, (iv)&nbsp;any reorganization and restructuring programs, (v)
extraordinary nonrecurring items as described in Accounting Principles Board Opinion
No.&nbsp;30 and/or in management&#146;s discussion and analysis of financial condition and
results of operations appearing in the Company&#146;s annual report to stockholders for the
applicable year or other applicable periodic filings with the Securities and Exchange
Commission, (vi)&nbsp;acquisitions or divestitures, and (vii)&nbsp;foreign exchange gains and
losses. To the extent such inclusions or exclusions affect Awards to Covered Employees,
they shall be prescribed in a form that meets the requirements of Code Section 162(m)
for deductibility.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->viii<!-- /Folio -->
</DIV>

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<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Awards that are intended to qualify as Performance-Based Compensation may not
be adjusted upward. The Committee may retain the discretion to adjust such Awards
downward, either on a formula or discretionary basis or any combination, as the
Committee determines.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event that applicable tax and/or securities laws change to permit
Committee discretion to alter the governing Performance Measures without obtaining
stockholder approval of such changes, the Committee shall have sole discretion to make
such changes without obtaining stockholder approval. In addition, in the event that the
Committee determines that it is advisable to grant Awards that shall not qualify as
Performance-Based Compensation, the Committee may make such grants without satisfying
the requirements of Code Section 162(m) and base vesting on Performance Measures other
than those set forth herein.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In all events, determinations under this section shall be made in a manner
which is consistent with Code Section&nbsp;162(m).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 7 NON-EMPLOYEE DIRECTORS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Committee, subject to approval by the full Board, shall determine all Awards to Non-Employee
Directors. The terms and conditions of any Award to any such Non-Employee Director shall be set
forth in an Agreement and, except as otherwise provided for in such Agreement, such Award shall
vest or become exercisable, as the case may be, on the first anniversary of the Award&#146;s Date of
Grant.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 8 TAXES</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Notification under Section&nbsp;83(b)</U>. Provided that the Committee has not prohibited
such Participant from making the following election, if a Participant shall, in connection
with the receipt of any Award, make the election permitted under Section 83(b) of the Code
(i.e., an election to include in such Participant&#146;s gross income in the year of transfer the
amounts specified in Section 83(b) of the Code), such Participant shall notify the Committee
or its designee of such election within ten (10)&nbsp;days of filing notice of the election with
the Internal Revenue Service, in addition to any filing and notification required pursuant to
regulations issued under the authority of Section 83(b) of the Code.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Remittance of Tax as Condition of Delivery</U>. The Company shall be entitled to require
as a condition of delivery of Shares hereunder that the Participant remit an amount of cash
sufficient to satisfy all federal, state and other governmental withholding tax requirements
related thereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Mandatory Withholding on Insiders</U>. In the case of a Participant who is an Insider,
whenever under the Plan Shares are to be delivered, the Company shall withhold an amount
sufficient to satisfy all minimum federal, state and other governmental withholding tax
requirements related thereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Elective Share Withholding</U>. Provided that the Committee has not prohibited such
Participant from making the following election, a Participant, other than an Insider, may
elect the withholding (&#147;Share Withholding&#148;) by the Company of a portion of the Shares
otherwise deliverable to such Participant upon the settlement of an Award having a Fair Market
Value equal to the amount necessary to satisfy such Participant&#146;s minimum required federal,
state or other governmental withholding tax liability with respect thereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Share withholding is subject to Committee approval</U>. Each Share Withholding election
by a Participant shall also be subject to the following restrictions:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the election must be made prior to the date on which the amount of tax to be
withheld is determined; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the election shall be irrevocable.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->ix<!-- /Folio -->
</DIV>

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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 9 TERMINATION OF SERVICE</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Unexercisable Options</U>. Except as otherwise determined by the Committee, upon a
Participant&#146;s Termination of Service, all unexercisable and/or unvested Options shall be
forfeited and cancelled without further action by the Committee.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Exercisable Options</U>. Except as otherwise determined by the Committee, this Section
9.2 shall apply to exercisable Options held by an Employee. An unexercised Option shall
terminate and/or be forfeited upon Termination of Service if the Termination of Service was
the result of the resignation of the Participant or the Participant was terminated For Cause
or otherwise, except that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Death</I>. If the Participant&#146;s Termination of Service is as a result of his or
her death, unexercised Options to the extent exercisable on the date of the
Participant&#146;s death, may be exercised, in whole or in part, at any time within one (1)
year after the date of death by the Participant&#146;s personal representative or by the
person to whom the Options are transferred by will or the applicable laws of descent
and distribution.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Retirement</I>. If the Termination of Service of an Employee or a Non-Employee
Director is as a result of Retirement, any unexercised Option, to the extent
exercisable at the date of such Termination of Service, may be exercised, in whole or
in part, at any time within one (1)&nbsp;year after the date of such Termination of Service;
provided that, if the Participant dies after such Termination of Service and before the
expiration of such one (1)&nbsp;year period, unexercised Options held by such deceased
Participant may be exercised by his or her personal representative or by the person to
whom the Option is transferred by will or the applicable laws of descent and
distribution within one (1)&nbsp;year after the Participant&#146;s Termination of Service.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Permanent Disability</I>. If the Participant&#146;s Termination of Service is a result
of his or her Permanent Disability, any unexercised Option, to the extent exercisable
at the date of such Termination of Service, may be exercised, in whole or in part, at
any time within one (1)&nbsp;year after the date of such Termination of Service; provided
that, if a Participant dies after such Termination of Service and before the expiration
of such one (1)&nbsp;year period, the unexercised Options may be exercised by the deceased
Participant&#146;s personal representative or by the person to whom the unexercised Options
are transferred by will or the applicable laws of descent and distribution within one
(1)&nbsp;year after the Participant&#146;s Termination of Service, or, if later, within 180&nbsp;days
after the Participant&#146;s death.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Other Reasons for Termination</I>. If the Participant has a Termination of Service
for any reason other than by death, Retirement, Permanent Disability, resignation or
For Cause, any unexercised Option, to the extent exercisable on the date of such
Termination of Service, may be exercised, in whole or in part, at any time within
ninety (90)&nbsp;days from the date of such Termination of Service.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>When Options are no longer exercisable pursuant to the provisions of Section&nbsp;9.2(a) through
(d), such Options shall be forfeited and cancelled without further action by the Committee.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>For Cause</U>. A Termination of Service &#147;For Cause&#148; shall mean a Termination of Service
that, in the judgment of the Committee, is the result of (a)&nbsp;the breach by the Employee of any
employment agreement, employment arrangement or any other agreement with the Company or a
Subsidiary, (b)&nbsp;the Employee engaging in a business that competes with the Company or a
Subsidiary, (c)&nbsp;the Employee disclosing business secrets, trade secrets or confidential
information of the Company or a Subsidiary to any party, (d)&nbsp;dishonesty, misconduct, fraud or
disloyalty by the Employee, (e)&nbsp;misappropriation of corporate funds, or (f)&nbsp;such other conduct
by the Employee of an incompetent, insubordinate, immoral or criminal nature as to have
rendered the continued employment of the Employee incompatible with the best interests of the
Company and its Subsidiaries.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->x<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Other Awards</U>. Except as otherwise determined by the Committee:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Stock Appreciation Rights shall be treated similar to Options as set forth in
Sections&nbsp;9.1 and 9.2;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon Termination of Service except as a result of death or Permanent
Disability, all Restricted Stock Units and shares of Restricted Stock still subject to
restriction and/or unvested shall be forfeited without further action by the Committee
and cancelled or reacquired without payment of consideration by the Company; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon Termination of Service as a result of death or Permanent Disability, any
Award of Restricted Stock Units or shares of Restricted Stock shall be immediately
vested to the extent the Participant would have become vested in such Award had he or
she not experienced a Termination of Service until immediately after the next following
anniversary of such Award&#146;s Date of Grant, and the remainder of the Award still subject
to restriction and/or unvested shall be forfeited without further action by the
Committee and cancelled or reacquired without payment of consideration by the Company.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Term</U>. Any of the provisions herein to the contrary notwithstanding, no Option or
Stock Appreciation Right shall be exercisable beyond the term specified in the related
Agreement thereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Non-Employee Directors and Other Service Providers</U>. Awards granted to Non-Employee
Directors and other service providers shall be treated in accordance with the principles set
forth in this Article&nbsp;9, as applicable, provided that service providers who are not
Non-Employee Directors or Employees shall not be eligible for Retirement treatment.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 10 CHANGE IN CONTROL</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Definition</U>. For the purposes of this Plan, a &#147;<U>Change in Control</U>&#148; means,
except as may otherwise be provided in an Agreement, the first date on which one of the
following events occurs:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the consummation of a merger or consolidation of the Company with or into
another entity or any other corporate reorganization, if more than 50% of the combined
voting power of the continuing or surviving entity&#146;s securities outstanding immediately
after such merger, consolidation or other reorganization is owned by persons who were
not stockholders of the Company immediately prior to such merger, consolidation or
other reorganization;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the sale, transfer or other disposition of all or substantially all of the
Company&#146;s assets;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a change in the composition of the Board, as a result of which fewer than
one-half of the directors following such change in composition of the Board are
directors who either (i)&nbsp;had been directors of the Company on the date 24&nbsp;months prior
to the date of the event that may constitute a Change in Control (the &#147;Original
Directors&#148;) or (ii)&nbsp;were elected, or nominated for election, to the Board with the
affirmative votes of at least a majority of the aggregate of (A)&nbsp;the Original Directors
who were still in office at the time of the election or nomination and (B)&nbsp;the
directors whose election or nomination was previously approved pursuant to this Clause
(ii); or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any transaction as a result of which any &#147;person&#148; or &#147;group&#148; (as such terms are
used in Section 13(d) and 14(d) of the Exchange Act), other than one or more Permitted
Holders, or any group that is controlled by Permitted Holders, is or becomes the
&#147;beneficial owner&#148; (as defined in Rules&nbsp;13d-3 and 13d-5 under the Exchange Act),
directly or indirectly, of the voting securities of the Company representing at least
30% of the total voting power of the Company (with respect to all matters other than
the election of directors) represented by the Company&#146;s then outstanding voting
securities. For purposes of this Clause (d), the term &#147;transaction&#148; shall include any
conversion of the Class&nbsp;A Stock, whether or not such conversion</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->xi<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&nbsp;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>occurs&nbsp;in connection with a sale, transfer or other disposition of such Class&nbsp;A
Stock.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of this definition, (i)&nbsp;the term &#147;person&#148; shall exclude: (A)&nbsp;a trustee or other
fiduciary holding securities under an employee benefit plan of the Company or a Subsidiary;
and (B)&nbsp;a corporation owned directly or indirectly by the stockholders of the Company in
substantially the same proportions as their ownership of the Common Stock (it being
understood that for purposes of subsequently determining whether a Change in Control has
occurred, all references to the &#147;Company&#148; in the definition of Change in Control shall be
deemed to be references to the Company and/or such corporation, as applicable); (ii)&nbsp;the
term &#147;group&#148; shall exclude any group controlled by any person identified in Clause (i)(A)
above and (iii)&nbsp;the term &#147;control&#148; shall mean the possession, directly or indirectly, of the
power to direct or cause the direction of the management or policies of a person, whether
through the ownership of voting securities, by contract, or otherwise, and the terms
&#147;controlling&#148; and &#147;controlled&#148; have meanings correlative thereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Certain Rules</U>. The following rules shall apply to the determination of a Change in
Control.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as otherwise determined by the Committee, any spin-off of a division or
subsidiary of the Company to its stockholders will not constitute a Change in Control
of the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any event listed in Section&nbsp;10.1 that the Committee elects to not treat as a
Change in Control of the Company prior to the occurrence of a Change in Control, shall
not constitute a Change in Control.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon a determination by the Committee in its discretion, any other event
substantially similar to an event described in Section&nbsp;10.1 shall be a Change in
Control.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Discretionary Treatment; Default Provisions</U>. The Committee shall determine the
treatment of outstanding Awards prior to a Change in Control, except that to the extent the
Committee takes no action (and except as otherwise expressly provided for in an Agreement):</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all Options and Stock Appreciation Rights then outstanding shall become
immediately and fully exercisable, notwithstanding any provision therein for the
exercise in installments;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all restrictions and conditions of all Restricted Stock then outstanding shall
be deemed satisfied as of the date of the Change in Control; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all Restricted Stock Units, Dividend Equivalents and any Award subject to
performance goals shall become vested and deemed earned or satisfied in full,
notwithstanding that the applicable performance cycle, retention cycle or restriction
conditions shall not have been completed or met, and shall be paid or otherwise settled
within 30&nbsp;days of the Change in Control (except to the extent that payment must be made
pursuant to its original schedule in order to comply with Code Section&nbsp;409A).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Potential Treatment</U>. Without limitation, except as expressly provided for in an
Agreement, the Committee may elect prior to a Change in Control, that in the event of a Change
in Control, that all or any portion of an Award, with no requirement of uniform treatment:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shall be assumed or an equivalent award be substituted by the successor
corporation in any Change in Control transaction, or a parent or subsidiary of such
successor corporation;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shall be cancelled or forfeited and settled in cash;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To the extent unvested or unexercisable, shall be cancelled or forfeited
without settlement, payment or other consideration; or</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->xii<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>With respect to any unexercised portion of an Option or Stock Appreciation
Right, shall be cancelled following the time permitted to exercise said Award.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Following a Change in Control, no action shall be taken under the Plan that will cause any
Award that has previously been determined to be (or is determined to be) subject to Code
Section&nbsp;409A to fail to comply in any respect with Code Section&nbsp;409A without the written
consent of the Participant.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 11 SECURITIES LAW MATTERS</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Investment Intent Representation: Restrictive Legend</U>. Where an investment intent
representation or restrictive legend is deemed necessary to comply with the Securities Act of
1933, as amended, the Committee may require a written representation to that effect by the
Participant, or may require that such legend be affixed to certificates for Shares at the time
the Option is exercised or an Award is granted.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Company&#146;s right to postpone exercise or settlement</U>. If based upon the opinion of
counsel to the Company, the Committee determines that the exercise or settlement of any Awards
would violate any applicable provision of (i)&nbsp;state or federal securities law, (ii)&nbsp;the
listing requirements of any securities exchange registered under the Exchange Act on which are
listed any of the Company&#146;s equity securities, (iii)&nbsp;the listing requirements of the NASDAQ
Global Market if any of the Company&#146;s equity securities are listed thereon, or (iv)&nbsp;the
listing requirements of The NASDAQ Capital Market if any of the Company&#146;s equity securities
are listed thereon, then the Committee may postpone any such exercise or settlement; provided,
however, that the Company shall use its best efforts to cause such exercise to comply with all
such provisions at the earliest practicable date; and provided further, that the Committee&#146;s
authority under this Section&nbsp;11.2 shall expire from and after the date of any Change in
Control.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Rule&nbsp;16b-3 Compliance</U>. With respect to Insiders, transactions under the Plan are
intended to comply with all applicable conditions of Rule&nbsp;16b-3 or its successors under the
Exchange Act. To the extent any provision of the Plan or action by the Board or the Committee
fails to so comply, it shall be deemed null and void, to the extent permitted by law and
deemed advisable by the Board or the Committee.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 12 MISCELLANEOUS</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Funding</U>. Benefits payable under the Plan to any person shall be paid directly by the
Company. The Company shall not be required to fund, or otherwise segregate assets to be used
for payment of, benefits under the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>No Employment Rights</U>. Neither the establishment of the Plan, nor the granting of any
rights under the Plan, shall be construed to (a)&nbsp;give any Participant the right to remain
employed by the Company, any Subsidiary or any of their affiliates or to any benefits not
specifically provided by the Plan, or (b)&nbsp;in any manner modify the right of the Company, any
Subsidiary or any of their affiliates to modify, amend or terminate any of its employee
benefit plans.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Stockholder Rights</U>. A Participant shall not, by reason of any right granted
hereunder, have any right as a stockholder of the Company with respect to the Shares which may
be deliverable upon exercise of such Option until such Shares have been delivered to him or
her.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Nature of Payments</U>. Any and all grants or deliveries of Shares hereunder shall
constitute special incentive payments to the Participant and shall not be taken into account
in computing the amount of salary or compensation of the Participant for the purposes of
determining any pension, retirement, death or other benefits under (a)&nbsp;any pension,
retirement, profit-sharing, bonus, life insurance or other employee benefit plan of the
Company, any Subsidiary or any of their affiliates, or (b)&nbsp;any agreement between the Company,
any Subsidiary or any of their affiliates, on the one hand, and the Participant, on the other
hand, except as such plan or agreement shall otherwise expressly provide.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->xiii<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Non-Uniform Determinations</U>. The Committee&#146;s determinations under the Plan need not
be uniform and may be made by the Committee selectively among persons who receive, or are
eligible to receive, grants under the Plan (whether or not such persons are similarly
situated). Without limiting the generality of the foregoing, the Committee shall be entitled,
among other things, to make non-uniform and selective determinations, and to enter into
non-uniform and selective Agreements as to (a)&nbsp;the persons to receive grants under the Plan,
(b)&nbsp;the terms and provisions of Awards under the Plan, and (c)&nbsp;the treatment, under Section
3.1, of leaves of absence.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Adjustments</U>. In the event of any corporate event or transaction (including, but not
limited to, a change in the Shares of the Company or the capitalization of the Company) such
as a merger, consolidation, reorganization, recapitalization, separation, partial or complete
liquidation, stock dividend, stock split, reverse stock split, split up, spin-off, or other
distribution of stock or property of the Company, combination of Shares, exchange of Shares,
dividend in kind, or other like change in capital structure, number of outstanding Shares or
distribution (other than normal cash dividends) to stockholders of the Company, or any similar
corporate event or transaction, the Committee, in order to prevent dilution or enlargement of
Participants&#146; rights under this Plan, shall substitute or adjust, as applicable, the number
and kind of Shares that may be issued under this Plan (Section&nbsp;2.2(a)) or under particular
forms of Awards (Section&nbsp;2.2(b)), the number and kind of Shares subject to outstanding Awards,
the Option Price or Exercise Price applicable to outstanding Awards, the annual Award limits
(Sections&nbsp;5.4 and 6.5), and other value determinations applicable to outstanding Awards. The
Committee, in its sole discretion, may also make appropriate adjustments in the terms of any
Awards under this Plan to reflect such changes or distributions, including modifications of
performance goals and changes in the length of performance periods, if any. The determination
of the Committee as to the foregoing adjustments, if any, shall be at the discretion of the
Committee and shall be conclusive and binding on Participants under this Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Conversion</U>. Notwithstanding anything else herein to the contrary, without affecting
the number of Shares reserved or available hereunder, the Committee may authorize the issuance
or assumption of benefits under this Plan in connection with any merger, consolidation,
acquisition of property or stock, or reorganization upon such terms and conditions as it may
deem appropriate (including, but not limited to, a conversion of equity awards into Awards
under this Plan), subject to compliance with the rules under Code Sections&nbsp;409A, 422 and 424,
as and where applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Amendment of the Plan</U>. The Committee may amend the Plan and any Agreement in its
sole discretion; provided, however, no modifications shall be made which would materially
impair the rights of any Award theretofore granted without the Participant&#146;s consent; and
provided further, the Committee may not, without further approval of the stockholders of the
Company, either:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>materially increase the number of Shares reserved for issuance under the Plan
(except as provided for in Section&nbsp;12.6);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>materially modify the requirements as to eligibility for participation in the
Plan; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>extend the date of termination of the Plan.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Termination of the Plan</U>. The Plan shall terminate on the tenth (10th) anniversary of
the Effective Date or at such earlier time as the Committee may determine. Any termination,
whether in whole or in part, shall not affect any rights then outstanding under the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Controlling Law</U>. The Plan shall be governed, construed and administered in
accordance with the laws of the State of Delaware, except its laws with respect to choice of
law.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.11</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Action by the Company</U>. Any action required by the Company under the Plan shall be
by resolution of the Committee.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->xiv<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.12</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Non-transferability</U>. Each Award granted hereunder shall by its terms not be
assignable or transferable other than by will or the laws of descent and distribution. During
the life of the Participant, all rights granted to the Participant under the Plan or under any
Agreement shall be exercisable only by the Participant or, if permissible under applicable
law, by the Participant&#146;s guardian or legal representative.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.13</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>No Lien or Security Interest</U>. No Award, and no right under any such Award, may be
pledged, attached or otherwise encumbered other than in favor of the Company, and any
purported pledge, attachment, or encumbrance thereof other than in favor of the Company shall
be void and unenforceable against the Company or any Subsidiary.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.14</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>No Trust or Fund Created</U>. Neither the Plan nor any Award shall create or be
construed to create a trust or separate fund of any kind or a fiduciary relationship between
the Company or any Subsidiary and a Participant or any other person. To the extent that any
person acquires a right to receive payments from the Company or any Subsidiary pursuant to an
Award, such right shall be no greater than the right of any unsecured general creditor of the
Company or any Subsidiary.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.15</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>No Fractional Shares</U>. No fractional Shares shall be issued or delivered pursuant to
the Plan or any Award, and the Committee shall determine whether cash, other securities or
other property shall be paid or transferred in lieu of any fractional Shares, or whether such
fractional Shares or any rights thereto shall be canceled, terminated or otherwise eliminated.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.16</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Settlement of Awards</U>. The obligation to make payments and distributions with
respect to Awards of Restricted Stock Units and Stock Appreciation Rights may be satisfied
through cash payments, the delivery of Shares, or any combination thereof as the Committee
shall determine in its sole discretion. Satisfaction of any obligations to make payments or
distributions under an Award, which is sometimes referred to as &#147;settlement&#148; of the Award, may
be subject to such conditions, restrictions and contingencies as the Committee shall
determine. Each Subsidiary shall be liable for payment of cash due under the Plan with
respect to any Participant to the extent that such benefits are attributable to the services
rendered for that Subsidiary by the Participant. Any disputes relating to liability of a
Subsidiary for cash payments shall be resolved by the Committee.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->xv<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">APPENDIX A<BR>
<U>Performance Measures</U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net earnings or net income (before or after taxes);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Earnings per share;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net sales or revenue growth;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net operating profit;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Return measures (including, but not limited to, return on assets, capital,
invested capital, equity, sales, or revenue);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cash flow (including, but not limited to, operating cash flow, free cash flow,
cash flow return on equity, and cash flow return on investment);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Earnings before or after taxes, interest, depreciation, and/or amortization;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Gross or operating margins;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Productivity ratios;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Share price (including, but not limited to, growth measures and total
stockholder return);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Expense targets;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(l)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Margins;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(m)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Operating efficiency;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(n)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Market share;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(o)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Customer satisfaction;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(p)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Working capital targets and change in working capital; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(q)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Stockholder value added which is equal to (i)&nbsp;the net operating profit after
tax minus (ii)&nbsp;the sum of capital multiplied by the cost of capital.</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->xvi<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>ANNUAL MEETING OF STOCKHOLDERS OF</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>JOHN B. SANFILIPPO &#038; SON, INC.</B></DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 10pt"><B>October&nbsp;30, 2008</B></DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 60pt">Please sign, date and mail <BR>your proxy card in the<BR> envelope provided as soon <BR>as possible.</DIV>

<DIV align="center" style="font-size: 8pt; margin-top: 30pt"><FONT face="Wingdings" style="font-size: 10pt">&#234;</FONT>
Please detach along perforated line and mail in the envelope provided.
<FONT face="Wingdings" style="font-size: 10pt">&#234;</FONT></DIV>

<DIV align="center">
<TABLE style="font-size: 10pt; margin-top: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="top">
    <TD width="47%"></TD>
    <TD width="15%"></TD>
    <TD width="37%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="top">
    <TD valign="top"> <FONT face="Wingdings">&#110;&nbsp;&nbsp;&nbsp;</FONT>20230300000000000000&nbsp;&nbsp; 4</TD>
    <TD>&nbsp;</TD>
    <TD>103008</TD>
</TR>
<TR valign="bottom" style="font-size:4pt">
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE></DIV>

<DIV style="border-top: 1px solid #000000"></DIV>

<DIV align="center" style="font-size: 7pt; margin-top: 16pt"><B>PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE
<FONT face="Wingdings">&#120;</FONT></B></DIV>

<DIV style="border-top: 1px solid #000000"></DIV>

<DIV style="position: relative; float: left; width: 48%; border-right: 1px solid #000000">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 8pt; color: #000000; background: transparent">
    <TD width="3%" nowrap>1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><div align="justify">Election of Directors:</div></TD>
</TR>

</TABLE></DIV>
<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR style="font-size: 6pt" valign="top">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="top">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top"><FONT style="font-size:7pt"><B>NOMINEES:</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="middle"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT></DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="middle"><FONT style="font-size:7pt"><B>FOR ALL NOMINEES</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><FONT face="Wingdings" style="font-size: 9pt">&#161;<br>&#161;</FONT></TD>
    <TD valign="top">&nbsp;</TD>
    <TD valign="top">Governor Jim Edgar <br>
Daniel M. Wright </TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;<br>
&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT></DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><BR style="font-size:2pt"><FONT style="font-size:7pt"><B>WITHHOLD AUTHORITY<br>FOR ALL NOMINEES</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;<br>&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT></DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="middle"><FONT style="font-size:7pt"><B>FOR ALL EXCEPT</B><br>
(See instructions below)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;<br>&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE></DIV>
<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="top">
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&nbsp;</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B><u>INSTRUCTIONS:</u></B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><div align="justify">To withhold
authority to vote for any individual nominee(s), mark &#147;<B>FOR ALL EXCEPT</B>&#148; and fill in the circle next to each nominee you wish to withhold, as shown here:&nbsp;&nbsp;&nbsp;<FONT style="FONT-SIZE: 10pt" face=Webdings>=</FONT></div></TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size:2pt">
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>

<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&nbsp;</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&nbsp;</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&nbsp;</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&nbsp;</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>

<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&nbsp;</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&nbsp;</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>

<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&nbsp;</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>

<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&nbsp;</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>

<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&nbsp;</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="middle">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD colspan="5" valign="top" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD colspan="3" valign="top"><div align="justify">To change the address on your account, please check the box at right and indicate your new address in the address space above. Please note that changes to the registered name(s) on the account may not be submitted via this method.</div></TD>
    <TD>&nbsp;</TD>
    <TD valign="middle"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE></DIV>

<DIV align="center"><DIV style="font-size: 0pt; margin-top: 2pt; width: 100%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>
<DIV style="position: relative; float: right; width: 50%">
<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="top" style="font-size: 2pt">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>

    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>

    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->

<!-- Begin Table Head -->

<TR style="font-size: 6pt" valign="top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">FOR</TD>
    <TD nowrap align="center" colspan="3">AGAINST</TD>
    <TD nowrap align="center" colspan="3">ABSTAIN</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->

<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV align="justify">RATIFY OF APPOINTMENT OF
AUDITORS: Ratify appointment of PricewaterhouseCoopers LLP as
independent auditors for fiscal 2009.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD align="center"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT></TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align="center" colspan="3"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT></TD>
</TR>

<TR style="font-size: 10pt" valign="top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
</TR>





<!-- End Table Body -->


<!-- Begin Table Body -->

<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><div align="justify">APPROVE EQUITY INCENTIVE PLAN: Approve the John B. Sanfilippo &#038; Son, Inc. 2008 Equity Incentive Plan.</div></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD align="center"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT></TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align="center" colspan="3"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT></TD>
</TR>

<TR style="font-size: 10pt" valign="top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->

<TR valign="top">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="10" valign="top"><div align="justify">UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. In their discretion, the proxies are authorized to vote on such other matters as may properly come before the Annual Meeting or any postponements or adjournments thereof.</div> </TD>
     <TD>&nbsp;</TD>
</TR>

<TR valign="top"><!-- Blank Space -->
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
     <TD>&nbsp;</TD>
</TR>

<TR>
<TD  colspan="12" valign="top" align="justify"><DIV  align="justify"><b>THIS
PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE DEEMED TO CONSTITUTE DIRECTION TO VOTE &#147;FOR&#148; EACH OF THE ABOVE PROPOSALS.</b><br><BR style="font-size:3pt">
PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD USING THE ENCLOSED ENVELOPE.</DIV></TD>
     <TD>&nbsp;</TD>
</TR>


<TR>
<TD  colspan="12" valign="top" align="justify"><DIV align="justify" style="margin-right:2%; text-indent:-0px"> </DIV></TD>
     <TD>&nbsp;</TD>
</TR>

<TR>
<TD  colspan="12" valign="top" align="justify"><DIV align="justify" style="margin-right:2%; text-indent:-0px"> </DIV></TD>
     <TD>&nbsp;</TD>
</TR>


<TR valign="top"><!-- Blank Space -->
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
     <TD>&nbsp;</TD>
</TR>


<TR>
<TD  colspan="12" valign="top" align="justify"><DIV align="justify" style="margin-right:2%; text-indent:-0px"></DIV></TD>
     <TD>&nbsp;</TD>
</TR>

<TR valign="top"><!-- Blank Space -->
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
     <TD>&nbsp;</TD>
</TR>


<TR>
<TD  colspan="12" valign="top">&nbsp;</TD>
     <TD>&nbsp;</TD>
</TR>






<TR>
<TD valign="top">&nbsp;</TD>

<TD colspan="11" valign="top">&nbsp;</TD>
     <TD>&nbsp;</TD>
</TR>



<TR valign="top"><!-- Blank Space -->
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
     <TD>&nbsp;</TD>
</TR>

<TR>
<TD  colspan="12" valign="top">&nbsp;</TD>
     <TD>&nbsp;</TD>
</TR>
</TABLE></DIV></DIV>

<BR clear="all">
<DIV align="center">
<TABLE style="font-size: 6pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="top" style="font-size:1pt">
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="top">
    <TD nowrap valign="bottom">Signature of Stockholder</TD>
    <TD>&nbsp;</TD>
    <TD colspan="1" valign="top"><P>
<DIV style="width: 100%; border: 1px solid black; padding: 5px;">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="bottom">Date:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="1" valign="top"><P>
<DIV style="width: 100%; border: 1px solid black; padding: 5px;">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap valign="bottom">Signature of Stockholder</TD>
    <TD>&nbsp;</TD>
    <TD colspan="1" valign="top"><P><DIV style="width: 100%; border: 1px solid black; padding: 5px;">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD valign="bottom">Date:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="1" valign="top"><P>
<DIV style="width: 100%; border: 1px solid black; padding: 5px;">&nbsp;</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE></DIV>

<DIV style="margin-top: 2pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 6pt; background: transparent; color: #000000">
<TR>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD valign="top"><FONT face="Wingdings" style="font-size: 14pt">&#110;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD nowrap><B>Note:</B></TD>
    <TD>&nbsp;</TD>
    <TD>Please sign exactly as your name or names appear on this Proxy. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such.
If the signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such.
If signer is a partnership, please sign in partnership name by
authorized person.</TD>
    <TD valign="top"><FONT face="Wingdings" style="font-size: 14pt">&#110;</FONT></TD>
</TR>
</TABLE></DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="margin-top: 300pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 14pt; background: transparent; color: #000000">
<TR>
    <TD width="3%" align="left"></TD>
    <TD width="85%" align="right" valign="middle"><FONT face="Wingdings"><font style="font-size:10pt">&#127;</FONT></FONT></TD>
    <TD width="12%" align="right"><FONT face="Wingdings">&#110;</FONT></TD>
</TR>
</TABLE>
</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 38pt"><B>JOHN B. SANFILIPPO &#038; SON, INC.</B>
</DIV>


<DIV align="Center" style="font-size: 12pt; margin-top: 6pt"><B>PROXY SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS<BR>
ANNUAL MEETING OF STOCKHOLDERS OCTOBER 30, 2008</B>

</DIV>

<DIV align="justify" style="font-size: 12pt; margin-top: 12pt; line-height:17pt; margin-left: 3%; margin-right: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jasper B. Sanfilippo and Michael J. Valentine, or any one or more of them, with power of
substitution in each, are hereby appointed the proxies of the undersigned to vote all shares of the
Common Stock of John B. Sanfilippo &#038; Son, Inc. (the &#147;Company&#148;), that the undersigned is entitled to
vote at the Annual Meeting of Stockholders to be held on October&nbsp;30, 2008 at the hour of 10:00
A.M., local time, at John B. Sanfilippo &#038; Son, Inc.,1707 North Randall Road, Elgin, Illinois 60123
and at all postponements or adjournments thereof, upon such business as may properly come before
the meeting, including the items proposed by the Company that are listed on the reverse side and
more completely described in the enclosed Notice of Annual Meeting of Stockholders and Proxy
Statement.
</DIV>


<DIV align="Center" style="font-size: 11pt; margin-top: 10pt"><B>(Continued and to be signed on the reverse side)</B>

</DIV>




<DIV align="left" style="margin-top: 20pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 14pt; background: transparent; color: #000000">
<TR>
    <TD width="3%" align="left"><FONT face="Wingdings">&#110;</FONT></TD>
    <TD width="94%" align="right" valign="middle"><font style="font-size: 12pt">1&nbsp;4&nbsp;4&nbsp;7&nbsp;5</FONT></TD>
    <TD width="3%" align="right"><FONT face="Wingdings">&#110;</FONT></TD>
</TR>
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="center" style="font-size: 14pt; margin-top: 18pt"><B>JOHN B. SANFILIPPO &#038; SON, INC.</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 10pt"><B>PROXY SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS<BR>
ANNUAL MEETING OF STOCKHOLDERS OCTOBER 30, 2008</B>

</DIV>
<DIV align="justify" style="font-size: 10pt; margin-top: 12pt">Jasper B. Sanfilippo and Michael J. Valentine, or any one or more of them, with power of
substitution in each, are hereby appointed the proxies of the undersigned to vote all shares of the
Class&nbsp;A Common Stock of John B. Sanfilippo &#038; Son, Inc. (the &#147;Company&#148;), that the undersigned is
entitled to vote at the Annual Meeting of Stockholders to be held October&nbsp;30, 2008 at the hour of
10:00&nbsp;A.M., local time, at John B. Sanfilippo &#038; Son, Inc., 1707 North Randall Road, Elgin, IL
60123, and at all postponements or adjournments thereof, upon such business as may properly come
before the meeting, including the items proposed by the Company that are listed on the reverse side
and more completely described in the enclosed Notice of Annual Meeting of Stockholders and Proxy
Statement.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 50pt"><B>(THIS PROXY IS CONTINUED AND TO BE SIGNED ON THE REVERSE SIDE.)</B>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="37%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 20pt"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings">&#120;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR style="font-size: 4pt"><FONT style="white-space: nowrap">Please mark your</FONT><BR>votes as in this<BR>
example
</TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top" style="font-size: 9pt"><BR style="font-size: 2pt"><B>Nominees:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR style="font-size: 4pt">Jasper B. Sanfilippo<BR>
Mathias A. Valentine<BR>
Michael J. Valentine
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR style="font-size: 4pt">Jeffrey T. Sanfilippo<BR>
Timothy R. Donovan<BR>
Jasper B. Sanfilippo, Jr.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="position: relative; float: left; width: 45%">
<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 10pt" >
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" style="font-size: 8pt"><DIV style="margin-left:0px; text-indent:-0px" >&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="font-size: 8pt"><B>FOR</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="font-size: 8pt"><B>WITHHELD</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Election of Directors by
holders of Class&nbsp;A
Common Stock
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="middle"><div style="Font-size:20pt"><FONT face="Wingdings">&#111;</FONT></div>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="middle"><div style="Font-size:20pt"><FONT face="Wingdings">&#111;</FONT></div></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="7" valign="top" align="left">For, except vote withheld from the following nominee(s):</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="7" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
</DIV>
<DIV style="position: relative; float: right; width: 50%">
<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 1pt">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="68%">&nbsp;</TD>
    <TD width="10%" nowrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom" style="font-size: 8pt"><B>FOR</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom" style="font-size: 8pt"><B>AGAINST</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom" style="font-size: 8pt"><B>ABSTAIN</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV align="justify">2.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV align="justify">RATIFY APPOINTMENT OF AUDITORS: Ratify appointment of
PricewaterhouseCoopers LLP as independent auditors for
fiscal 2009.</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><div style="Font-size:20pt"><FONT face="Wingdings">&#111;</FONT></div>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><div style="Font-size:20pt"><FONT face="Wingdings">&#111;</FONT></div>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><div style="Font-size:20pt"><FONT face="Wingdings">&#111;</FONT></div>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV align="justify">APPROVE EQUITY INCENTIVE PLAN: Approve the
John B. Sanfilippo &#038; Son, Inc. 2008 Equity Incentive Plan.</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><div style="Font-size:20pt"><FONT face="Wingdings">&#111;</FONT></div>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><div style="Font-size:20pt"><FONT face="Wingdings">&#111;</FONT></div>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><div style="Font-size:20pt"><FONT face="Wingdings">&#111;</FONT></div>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">4.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" valign="top" align="left"><DIV align="justify">UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING: In their
discretion, the proxies are authorized to vote on such other matters as may properly come before the
Annual Meeting or any postponements or adjournments thereof.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="9" valign="top" align="left"><DIV align="justify"><B>This proxy when properly executed will be voted in the manner directed herein by the undersigned stockholder. If no direction is made, this proxy
will be deemed to constitute direction to vote &#147;for&#148; each of the above proposals.</B></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 3pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="9" valign="top" align="left">Please mark, sign, date
and return the proxy card using the enclosed envelope.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

</DIV>
<BR clear="all"><BR>
<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">SIGNATURE(S)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DATE</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 2pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="7" valign="top" align="left">NOTE: Please sign exactly as name appears on this Proxy. When shares are held by
joint tenants, both should sign. When signing as attorney, executor, administrator,
trustee, guardian, corporate officer or partner, give full title as such. If a
corporation, please sign in corporate name by president or other authorized officer.
If a partnership, please sign in partnership name by authorized person.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
