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

Mar 26, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BUILD A BEAR WORKSHOP INC (BBW)
CIK: 0001113809
Period of Report: 2014-03-24

Reporting Person: Clark Maxine (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-24	Common Stock	M	10339	$6.21	Acquired	206587	Direct
2014-03-24	Common Stock	S	10339	$9.19	Disposed	196248	Direct
2014-03-25	Common Stock	M	764	$6.21	Acquired	197012	Direct
2014-03-25	Common Stock	S	764	$9.21	Disposed	196248	Direct
2014-03-25	Common Stock	M	17136	$6.59	Acquired	213384	Direct
2014-03-25	Common Stock	S	17136	$9.21	Disposed	196248	Direct
2014-03-26	Common Stock	M	3400	$6.59	Acquired	199648	Direct
2014-03-26	Common Stock	S	3400	$9.01	Disposed	196248	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-24	Employee Stock Option (Right to Buy)	$6.21	M	10339	Disposed	2014-04-30	Common Stock (10339)	Direct
2014-03-25	Employee Stock Option (Right to Buy)	$6.21	M	764	Disposed	2014-04-30	Common Stock (764)	Direct
2014-03-25	Employee Stock Option (Right to Buy)	$6.59	M	17136	Disposed	2014-04-30	Common Stock (17136)	Direct
2014-03-26	Employee Stock Option (Right to Buy)	$6.59	M	3400	Disposed	2014-04-30	Common Stock (3400)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	37402	Indirect
Common Stock	1343783	Indirect

Footnotes

F1: The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2: The reporting price is the weighted average sale price per share for 14 transactions in which the sale prices range from $9.14 to $9.30 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: Shares sold as part of a cashless exercise of an employee stock option.

F4: After giving effect to the transactions reported in this Form 4, Ms. Clark directly beneficially owns 132,406 shares of common stock and 63,842 shares of restricted stock along with 37,402 shares indirectly through her spouse and 1,343,783 shares indirectly through Smart Stuff, Inc. of Build-A-Bear Workshop, Inc. In addition, Ms. Clark holds vested options to purchase 35,000 shares and unvested options to purchase 11,103 shares of Build-A-Bear Workshop, Inc.'s common stock. Ms. Clark is the president and sole stockholder of Smart Stuff, Inc.

F5: The reporting price is the weighted average sale price per share for 24 transactions in which the sale prices range from $9.05 to $9.27 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: The reporting price is the weighted average sale price per share for 7 transactions in which the sale prices range from $8.99 to $9.22 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.

F7: Under the terms of the grant, the options vested in four equal annual installments beginning on March 22, 2012, which was the first anniversary of the date of the grant.

F8: Under the terms of the grant, the options vested in four equal annual installments beginning on March 23, 2011, which was the first anniversary of the date of the grant.