Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LION FUND, L.P.
  2. Issuer Name and Ticker or Trading Symbol
WESTERN SIZZLIN CORP [WSZL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
9311 SAN PEDRO AVENUE, SUITE 1440
3. Date of Earliest Transaction (Month/Day/Year)
12/05/2006
(Street)

SAN ANTONIO, TX 78216
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.01 par value 11/23/2006   X   37,500 A (3) 546,190 (1) D  
Common Stock, $.01 par value 11/23/2006   X   0 A (3) 546,190 (2) I By: The Lion Fund, L.P.
Common Stock, $.01 par value 12/05/2006   P   6,577 A $ 9.07 552,767 (1) D  
Common Stoc, $.01 par value 12/05/2006   P   0 A $ 0 552,767 (2) I By: The Lion Fund, L.P.
Common Stock, $.01 par value 12/05/2006   P   25,000 A $ 8.16 577,767 (1) D  
Common Stoc, $.01 par value 12/05/2006   P   0 A $ 0 577,767 (2) I By: The Lion Fund, L.P.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 0.92             06/20/2006 06/20/2011 Common Stock 10,000   2,000 D (4)  
Rights (3) 11/23/2006   X     75,000 11/13/2006 12/08/2006 Common Stock 75,000 $ 0 0 D (1)  
Rights (3) 11/23/2006   X     0 11/13/2006 12/08/2006 Common Stock 0 $ 0 0 I (2) By: The Lion Fund, L.P.
Rights (3) 12/05/2006   P   11,500   11/13/2006 12/08/2006 Common Stock 11,500 $ 0.52 11,500 (1) D  
Rights (3) 12/05/2006   P   0   11/13/2006 12/08/2006 Common Stock 0 $ 0 11,500 (2) I By: The Lion Fund, L.P.

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LION FUND, L.P.
9311 SAN PEDRO AVENUE, SUITE 1440
SAN ANTONIO, TX 78216
    X    
BIGLARI CAPITAL CORP.
9311 SAN PEDRO AVENUE, SUITE 1440
SAN ANTONIO, TX 78216
    X    
BIGLARI, SARDAR
9311 SAN PEDRO AVENUE, SUITE 1440
SAN ANTONIO, TX 78216
  X   X    

Signatures

 The Lion Fund, L.P., By: Biglari Capital Corp., its general partner, By: /s/ Sardar Biglari, its Chairman and Chief Executive Officer   12/07/2006
**Signature of Reporting Person Date

 Biglari Capital Corp., By: /s/ Sardar Biglari, its Chairman and Chief Executive Officer   12/07/2006
**Signature of Reporting Person Date

 /s/ Sardar Biglari   12/07/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These securities are owned by The Lion Fund, L.P., which is a Reporting Person.
(2) The securities may be deemed to be beneficially owned by Biglari Capital Corp. ("BCC"), the general partner of The Lion Fund, L.P. and Sardar Biglari, the Chairman and Chief Executive Officer of BCC. Sardar Biglari and BCC each disclaim beneficial ownership in the securities reported on this Form 4 except to the extent of their pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that either Sardar Biglari or Biglari Capital Corp. are the beneficial owners of such securities for purposes of Section 16 or for any other purpose.
(3) The exercise price of the Rights is $7.00. Every two rights entitles the shareholder to purchase one share.
(4) These securities are owned by Sardar Biglari.

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