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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001181431-06-039108.txt : 20060629
<SEC-HEADER>0001181431-06-039108.hdr.sgml : 20060629
<ACCEPTANCE-DATETIME>20060629163947
ACCESSION NUMBER:		0001181431-06-039108
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031017
FILED AS OF DATE:		20060629
DATE AS OF CHANGE:		20060629

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NOBLE ROMANS INC
		CENTRAL INDEX KEY:			0000709005
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				351281154
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE VIRGINIA AVE
		STREET 2:		STE 800
		CITY:			INDIANAPOLIS
		STATE:			IN
		ZIP:			46204
		BUSINESS PHONE:		3176343377

	MAIL ADDRESS:	
		STREET 1:		ONE VIRGINIA AVENUE
		STREET 2:		SUITE 800
		CITY:			INDIANAPOLIS
		STATE:			IN
		ZIP:			46204

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Summit Investment Management LLC
		CENTRAL INDEX KEY:			0001353624
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11104
		FILM NUMBER:		06934300

	BUSINESS ADDRESS:	
		STREET 1:		1700 LINCOLN STREET
		STREET 2:		SUITE 2150
		CITY:			DENVER
		STATE:			CO
		ZIP:			80203
		BUSINESS PHONE:		720-221-3200

	MAIL ADDRESS:	
		STREET 1:		1700 LINCOLN STREET
		STREET 2:		SUITE 2150
		CITY:			DENVER
		STATE:			CO
		ZIP:			80203
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>rrd122451.xml
<DESCRIPTION>FORM 3 - SUMMIT INVESTMENT MANAGEMENT LLC
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2003-10-17</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000709005</issuerCik>
        <issuerName>NOBLE ROMANS INC</issuerName>
        <issuerTradingSymbol>NROM.OB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001353624</rptOwnerCik>
            <rptOwnerName>Summit Investment Management LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1700 LINCOLN STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 2150</rptOwnerStreet2>
            <rptOwnerCity>DENVER</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80203</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, no par value</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3214748</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote 1</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Series A Convertible Preferred Stock (Preferred Stock)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1643092</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote 1</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Common Stock Warrants (rights to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>.01</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>1998-08-23</value>
            </exerciseDate>
            <expirationDate>
                <value>2005-12-31</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>385000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote 1</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The shares of Common Stock and derivative securities to which this note relates are held indirectly by Summit Investment Management LLC (&quot;Summit Investment&quot;) in its capacity as one of the members of SummitBridge National Investments LLC (&quot;SummitBridge LLC&quot;).  The shares of Common Stock and derivative securities to which this note relates are owned directly by SummitBridge LLC. As a result, Summit Investment may be deemed to have beneficial ownership of these securities for purposes of Section 16. Summit Investment expressly disclaims beneficial ownership of any of these securities in which it does not have a pecuniary interest.</footnote>
        <footnote id="F2">Series A Convertible Preferred Stock is convertible into Common Stock at any time. There is no expiration date.</footnote>
        <footnote id="F3">The Issuer's Articles of Amendment of the Articles of Incorporation provide that the conversion price is calculated by multiplying each share of Preferred Stock by $1.00 and dividing by $3.00. The shares of Preferred Stock are also subject to antidilution protection. SummitBridge LLC directly holds 4,929,275 shares of the Issuer's Preferred Stock.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Robert A. Ekback, on behalf of Summit Investment Management LLC</signatureName>
        <signatureDate>2006-06-26</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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