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

Oct 20, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BUILD A BEAR WORKSHOP INC (BBW)
CIK: 0001113809
Period of Report: 2011-10-18

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
2011-10-18	Common Stock	S	5400	$5.565	Disposed	1608383	Indirect
2011-10-19	Common Stock	S	4600	$5.502	Disposed	1603783	Indirect
2011-10-20	Common Stock	S	5000	$5.501	Disposed	1598783	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	327032	Direct
Common Stock	37402	Indirect

Footnotes

F1: The sale was effected pursuant to a Rule 10b-5-1 trading plan adopted by the Reporting Person.

F2: The reporting price is the weighted average sale price per share for 4 transactions in which the sale prices range from $5.55 to $5.61 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.

F3: The reporting price is the weighted average sale price per share for 2 transactions in which the sale prices range from $5.50 to $5.51 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.

F4: The reporting price is the weighted average sale price per share for 3 transactions in which the sale prices range from $5.50 to $5.52 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.

F5: After giving effect to the transactions reported in this Form 4, Ms. Clark directly beneficially owns 85,681 shares of common stock and 241,351 shares of restricted stock along with 37,402 shares indirectly through her spouse and 1,598,783 shares indirectly through Smart Stuff, Inc. of Build-A-Bear Workshop, Inc. In addition, Ms. Clark holds vested options to purchase 144,278 shares and unvested options to purchase 158,528 shares of Build-A-Bear Workshop, Inc.'s common stock.