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

Jan 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BUILD A BEAR WORKSHOP INC (BBW)
CIK: 0001113809
Period of Report: 2010-01-04

Reporting Person: Clark Maxine (Director, CEBear & Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-04	Common Stock	S	65000	$4.90	Disposed	2238783	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	37402	Indirect
Common Stock	244509	Direct

Footnotes

F1: This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2: The reported price is the weighted average purchase price per share for 18 transactions in which the purchase prices ranged from $4.80 to $4.98 per share. The reporting person undertakes to provide full information regarding the number of shares purchased at each separate purchase price upon request of the Securities and Exchange Commission staff, the issuer or any security holder of the issuer.

F3: After giving effect to the transaction reported in this Form 4, Ms. Clark directly beneficially owns 40,904 shares of common stock and 203,605 shares of restricted stock along with 37,402 shares indirectly through her spouse and 2,238,783 shares indirectly through Smart Stuff, Inc. of Build-A-Bear Workshop, Inc. In addition, Ms. Clark holds vested options to purchase 116,234 shares and unvested options to purchase 105,016 shares of Build-A-Bear Workshop, Inc.'s common stock.