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: Kroll Teresa (Chief Entertainment Bear)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-23	Common Stock	A	8052	—	Acquired	32775	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	13440	Acquired	2020-03-23	Common Stock (13440)	Direct

Footnotes

F1: Grant to reporting person of 8,052 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. Kroll directly beneficially owns 2,978 shares of common stock and 29,797 shares of restricted stock of Build-A-Bear Workshop, Inc. In addition, Ms. Kroll holds vested options to purchase 20,070 shares and unvested options to purchase 24,150 shares of Build-A-Bear Workshop, Inc. common stock.

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.