CROWN CRAFTS INC — Director's Dealing 2007

Feb 22, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CROWN CRAFTS INC (CRWS.OB)
CIK: 0000025895
Period of Report: 2007-02-21

Reporting Person: DEYO WILLIAM T JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-21	Common Stock	M	666	$0.65	Acquired	11667	Direct
2007-02-21	Common Stock	M	667	$0.65	Acquired	12334	Direct
2007-02-21	Common Stock	M	667	$0.66	Acquired	13001	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-21	Non-Qualified Stock Option (Right to Buy)	$0.65	M	666	Disposed	2008-11-07	Common Stock (666)	Direct
2007-02-21	Non-Qualified Stock Option (Right to Buy)	$0.65	M	667	Disposed	2009-08-11	Common Stock (667)	Direct
2007-02-21	Non-Qualified Stock Option (Right to Buy)	$0.66	M	667	Disposed	2010-08-10	Common Stock (667)	Direct

Footnotes

F1: The option vested as follows: (a) 667 shares on November 7, 2004; (b) 667 shares on November 7, 2005; and (c) 666 shares on November 7, 2006.

F2: The option vested 667 shares on August 11, 2005 and 667 shares on August 11, 2006; the option will vest an additional 666 shares on August 11, 2007.

F3: The option vested 667 shares on August 10, 2006; the option will vest 667 shares on August 10, 2007 and 666 shares on August 10, 2008.