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

Jan 5, 2011

32281_dirs_2011-01-05_5edd6f39-544a-4878-a356-bfbf5c28e0b8.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BUILD A BEAR WORKSHOP INC (BBW)
CIK: 0001113809
Period of Report: 2010-11-29

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
2010-11-29 Common Stock G 15000 Disposed 1943783 Indirect
2010-11-29 Common Stock G 50000 Disposed 1893783 Indirect
2011-01-03 Common Stock S 18300 $7.54 Disposed 1875483 Indirect
2011-01-04 Common Stock S 46700 $7.39 Disposed 1828783 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 37402 Indirect
Common Stock 283221 Direct

Footnotes

F1: Gift of 15,000 shares by Smart Stuff, Inc.

F2: Gift of 50,000 shares by Smart Stuff, Inc.

F3: The sale was effected pursuant to a Rule 10b-5-1 trading plan adopted by the Reporting Person

F4: The reporting price is the weighted average sale price per share for 27 transactions in which the sale prices range from 7.41 to 7.74 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: The reporting price is the weighted average sale price per share for 28 transactions in which the sale prices range from 7.27 to 7.56 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.

F6: After giving effect to the transactions reported in this Form 4, Ms. Clark directly beneficially owns 62,748 shares of common stock and 220,473 shares of restricted stock along with 37,402 shares indirectly through her spouse and 1,828,783 shares indirectly through Smart Stuff, Inc. of Build-A-Bear Workshop, Inc. In addition, Ms. Clark holds vested options to purchase 142,488 shares and unvested options to purchase 160,906 shares of Build-A-Bear Workshop, Inc.'s common stock.