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

Mar 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BUILD A BEAR WORKSHOP INC (BBW)
CIK: 0001113809
Period of Report: 2011-03-22

Reporting Person: HAUGH JOHN N (President Bear)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-22	Common Stock	A	18988	—	Acquired	86931	Direct
2011-03-23	Common Stock	F	1452	$6.26	Disposed	85479	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-22	Employee Stock Option (Right to Buy)	$6.21	A	15380	Acquired	2021-03-22	Common Stock (15380)	Direct

Footnotes

F1: Grant to reporting person of 18,988 shares of restricted stock. The shares vest in equal annual installments over four years from the date of the grant.

F2: Price is not applicable to grants of restricted stock.

F3: Shares surrendered in payment of tax withholding due upon vesting of restricted stock.

F4: After giving effect to the transactions reported in this Form 4, Mr. Haugh directly owns 12,377 shares of common stock and 73,102 shares of restricted stock of Build-A-Bear Workshop, Inc. In addition, Mr. Haugh holds vested options to purchase 29,271 shares and unvested options to purchase 59,588 shares of Build-A-Bear Workshop, Inc. common stock.

F5: The options vest in equal annual installments over four years from the date of the grant.

F6: Price is not applicable to acquisitions resulting from grants of stock options.