BUILD-A-BEAR WORKSHOP INC — Director's Dealing 2010

Mar 25, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BUILD A BEAR WORKSHOP INC (BBW)
CIK: 0001113809
Period of Report: 2010-03-23

Reporting Person: Klocke Tina (Chief Oper. & Financial Bear)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-23	Common Stock	A	17896	—	Acquired	156618	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-23	Employee Stock Option (Right to Buy)	$6.59	A	29872	Acquired	2020-03-23	Common Stock (29872)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	100	Indirect
Common Stock	100	Indirect
Common Stock	300	Indirect

Footnotes

F1: Grant to reporting person of 17,896 shares of restricted stock. The shares vest in equal annual installments over four years from the date of grant.

F2: Price is not applicable to grants of restricted stock.

F3: After giving effect to the transactions reported in this Form 4, Ms. Klocke directly owns 73,758 shares of common stock and 82,860 shares of restricted stock of Build-A-Bear Workshop, Inc. In addition, Ms. Klocke holds vested options to purchase 91,677 shares and unvested options to purchase 57,403 shares of Build-A-Bear Workshop, Inc.'s common stock. In addition, Ms. Klocke indirectly beneficially owns 200 shares through trusts for the benefit of two sons and 300 shares through her spouse.

F4: The options vest in equal annual installments over four years from the date of grant.

F5: Price is not applicable to acquisitions resulting from grants of stock options.