CROWN CRAFTS INC — Director's Dealing 2009

Aug 13, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CROWN CRAFTS INC (CRWS)
CIK: 0000025895
Period of Report: 2009-08-12

Reporting Person: CHESTNUT E RANDALL (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-12	Common Stock	F	67920	$3.02	Disposed	478182	Direct

Footnotes

F1: This transaction represents the withholding of 67,920 shares of common stock to satisfy the tax withholding obligations incurred by the Reporting Person upon the vesting of a portion of the restricted stock grant of 320,000 shares of common stock made to the Reporting Person on August 25, 2006 (the "Grant"). On August 11, 2009, the Grant was amended to accelerate the vesting of 160,000 shares from August 25, 2010 to August 12, 2009. (The vesting date of the Grant's remaining 160,000 shares remains August 25, 2010.) The purpose of the amendment is to accelerate the vesting of one-half of the Grant into the Issuer's current taxable year in order to preserve the deductibility of such Grant to the Issuer for income tax purposes.