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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1. Name and Address of Reporting Person * BONANNO RAYMOND J   2. Issuer Name and Ticker or Trading Symbol SPICY PICKLE FRANCHISING INC [SPKL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 90 MADISON STREET, #700 3. Date of Earliest Transaction (Month/Day/Year) 09/22/2009 (Street) DENVER, CO 80206 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ 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 09/22/2009   P   1,538,462 A $ 0.13 1,568,489 I Raymond J. and Joan E. BonAnno JTWROS Common Stock 09/22/2009   C   240,000 A $ 0.425 1,808,489 I Raymon J. BonAnno and Joan E. BonAnno JTWROS Common Stock               2,293,045 I The BonAnno Family Partnership, LLP

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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 Options

$ 0.25

(1)

01/25/2012

Common Stock

100,000

100,000

D

Series A Variable Rate Convertible Preferred Stock

$ 0.425

09/22/2009

C

12

(2)

(2)

Common Stock

240,000

(2)

0

I

Raymond J. BonAnno and Joan E. BonAnno JTWOS

Warrants

$ 0.2

(3)

09/22/2014

Common Stock

90,000

90,000

I

Raymond J. BonAnno and Joan E. BonAnno JTWOS

Stock Options

$ 0.185

11/24/2008

11/24/2013

Common Stock

500,000

500,000

D

Warrants

$ 0.19

09/22/2009

P

769,230

09/22/2009

09/22/2014

Common Stock

769,230

(4)

769,230

I

Raymond J. BonAnno and Joan E. BonAnno JTWROS

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
BONANNO RAYMOND J 90 MADISON STREET, #700 DENVER, CO 80206	X

Signatures

Raymond J. BonAnno		09/24/2009
**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)	On January 25, 2007, the Reporting Person was granted an incentive stock option under the Issuer's 2006 Option Plan to purchase 100,000 shares of common stock at an exercise price of $0.25 per share. The options are exercisable as to (i) 50,000 shares immediately upon date of grant; (ii) 25,000 on the 1st anniversary of date of grant; and (iii) 25,000 on the 2nd anniversary of date of grant.
(2)	Acquired on December 14, 2007 in connection with a private placement financing transaction. The convertible preferred stock is convertible at any time, at the holder's election and have no expiration date.
(3)	Acquired on December 14, 2007 in connection with a private placement financing transaction. The warrants are exercisable at any time, at the holder's election. On September 22, 2009, the exercise price was lowered to $0.20 and the expiration date was extended to September 22, 2014.
(4)	The warrants were acquired in connection with the purchase of 1,538,462 shares for $200,000.

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