BUILD-A-BEAR WORKSHOP INC — Director's Dealing 2016

May 16, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BUILD A BEAR WORKSHOP INC (BBW)
CIK: 0001113809
Period of Report: 2016-05-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-12	Common Stock	A	5874	—	Acquired	142043	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1458000	Indirect

Footnotes

F1: Grant to reporting person of 5,874 shares of restricted stock. The shares will vest on May 12, 2017.

F2: Price is not applicable to grants of restricted stock.

F3: After giving effect to the transactions reported in this Form 4, Mr. Leonard directly owns 136,169 shares of common stock and 5,874 shares of restricted stock of Build-A-Bear Workshop, Inc.

F4: 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.