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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