BUILD-A-BEAR WORKSHOP INC — Director's Dealing 2015

Feb 26, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BUILD A BEAR WORKSHOP INC (BBW)
CIK: 0001113809
Period of Report: 2015-02-24

Reporting Person: Klocke Tina (Chief Oper. Bear)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-24	Common Stock	M	8600	$5.11	Acquired	174116	Direct
2015-02-24	Common Stock	S	8600	$20.09	Disposed	165516	Direct
2015-02-25	Common Stock	M	28108	$5.11	Acquired	193624	Direct
2015-02-25	Common Stock	M	29872	$6.59	Acquired	223496	Direct
2015-02-25	Common Stock	M	11535	$6.21	Acquired	235031	Direct
2015-02-25	Common Stock	S	69515	$20.14	Disposed	165516	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-24	Employee Stock Option (Right to Buy)	$5.11	M	8600	Disposed	2019-03-17	Common Stock (8600)	Direct
2015-02-25	Employee Stock Option (Right to Buy)	$5.11	M	28108	Disposed	2019-03-17	Common Stock (28108)	Direct
2015-02-25	Employee Stock Option (Right to Buy)	$6.59	M	29872	Disposed	2020-03-23	Common Stock (29872)	Direct
2015-02-25	Employee Stock Option (Right to Buy)	$6.21	M	11535	Disposed	2021-03-22	Common Stock (11535)	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: Shares sold as part of cashless exercises of employee stock options.

F2: The reporting price is the weighted average sale price per share for 12 transactions in which the sale prices range from $20.00 to $20.37 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: The reporting price is the weighted average sale price per share for 53 transactions in which the sale prices range from $20.00 to $20.53 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.

F4: After giving effect to the transactions reported in this Form 4, Ms. Klocke directly owns 127,500 shares of common stock and 38,016 shares of restricted stock of Build-A-Bear Workshop, Inc. In addition, Ms. Klocke holds vested options to purchase 6,500 shares and unvested options to purchase 17,987 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: Under the terms of the grant, the options vested in four equal annual installments beginning on March 17, 2010, which was the first anniversary of the date of the grant.

F6: 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.

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.