BUILD-A-BEAR WORKSHOP INC — Director's Dealing 2014

May 12, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BUILD A BEAR WORKSHOP INC (BBW)
CIK: 0001113809
Period of Report: 2014-05-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-08	Common Stock	A	5495	—	Acquired	131791	Direct
2014-05-09	Common Stock	S	13776	$13.86	Disposed	2406725	Indirect
2014-05-12	Common Stock	S	61224	$13.82	Disposed	2345501	Indirect

Footnotes

F1: Represents the sale of shares in [ 122 ] separate transactions, ranging in price from $13.80 to $13.90, resulting in a weighted average sale price per share of $13.86. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.

F2: Represents the sale of shares in [ 306 ] separate transactions, ranging in price from $13.72 to $14.13, resulting in a weighted average sale price per share of $13.82. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.

F3: 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.

F4: Grant to reporting person of restricted stock. The shares will vest on May 8, 2015.