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

Nov 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BUILD A BEAR WORKSHOP INC (BBW)
CIK: 0001113809
Period of Report: 2011-11-16

Reporting Person: Leonard Braden Michael (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-16	Common Stock	A	9202	—	Acquired	115804	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2099600	Indirect

Footnotes

F1: Shares of restricted stock granted pursuant to the Build-a-Bear Workshop, Inc. Second Amended and Restated 2004 Stock Incentive Plan. All the shares vest in one installment on October 28, 2012.

F2: BML Capital Management, LLC ("BML Capital") serves as the general partner of BML Investment Partners, L.P., a Delaware limited partnership (the "Fund"), which is the direct owner of the subject shares. Mr. Leonard is the managing member of BML Capital, and exercises investment and voting control over the subject shares. Accordingly, shares owned directly by the Fund may be regarded as being beneficially owned by Mr. Leonard. Notwithstanding, Mr. Leonard disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.