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: FENCL ERIC R (Chief Bearrister, Gen. Counsel & Int'l Franch.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-23	Common Stock	A	10288	—	Acquired	116223	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	17176	Acquired	2020-03-23	Common Stock (17176)	Direct

Footnotes

F1: Grant to reporting person of 10,288 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, Mr. Fencl directly owns 6,662 shares of common stock and 109,561 shares of restricted stock of Build-A-Bear Workshop, Inc. In addition, Mr. Fencl holds vested options to purchase 4,899 shares and unvested options to purchase 31,873 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.