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: Klocke Tina (Chief Oper. & Financial Bear)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-22	Common Stock	A	18988	—	Acquired	173715	Direct
2011-03-23	Common Stock	F	771	$6.21	Disposed	172944	Direct
2011-03-23	Common Stock	F	1452	$6.26	Disposed	171492	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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	100	Indirect
Common Stock	100	Indirect
Common Stock	300	Indirect

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, Ms. Klocke directly owns 83,386 shares of common stock and 88,106 shares of restricted stock of Build-A-Bear Workshop, Inc. In addition, Ms. Klocke holds vested options to purchase 97,322 shares and unvested options to purchase 56,138 shares of Build-A-Bear Workshop, Inc.'s common stock. In addition, Ms. Klocke indirectly beneficially owns 200 shares through trusts for the benefit of two sons and 300 shares through her spouse.

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.