BUILD-A-BEAR WORKSHOP INC — Director's Dealing 2011

Nov 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BUILD A BEAR WORKSHOP INC (BBW)
CIK: 0001113809
Period of Report: 2011-11-17

Reporting Person: Kroll Teresa (Ch. Ent .& Dig. Mkt.. Bear)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-17	Common Stock	M	7140	$5.11	Acquired	41064	Direct
2011-11-17	Common Stock	M	3360	$6.59	Acquired	44424	Direct
2011-11-17	Common Stock	S	10500	$8.04	Disposed	33924	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-17	Employee Stock Option (Right to Buy)	$5.11	M	7140	Disposed	2019-03-17	Common Stock (7140)	Direct
2011-11-17	Employee Stock Option (Right to Buy)	$6.59	M	3360	Disposed	2020-03-23	Common Stock (3360)	Direct

Footnotes

F1: The reporting price is the weighted average sale price per share for 22 transactions in which the sale prices range from $7.99 to $8.16 per share. The Reporting Person undertakes to provide full information regarding the number of shares sold at each separate sale price upon request of the Securities and Exchange Commission staff, the issuer or any security holder of the issuer.

F2: After giving effect to the transactions reported in this Form 4, Ms. Kroll directly beneficially owns 0 shares of common stock and 33,924 shares of restricted stock of Build-A-Bear Workshop, Inc. In addition, Ms. Kroll holds vested options to purchase 16,500 shares and unvested options to purchase 24,912 shares of Build-A-Bear Workshop, Inc. common stock.

F3: Under the terms of the grant, the options vest in equal installments over four years from the date of grant.