CROWN CRAFTS INC — Director's Dealing 2010

Nov 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CROWN CRAFTS INC (CRWS)
CIK: 0000025895
Period of Report: 2010-11-15

Reporting Person: Elliott Olivia W. (VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-15	Common Stock	M	2500	$3.15	Acquired	86598	Direct
2010-11-15	Common Stock	M	6000	$4.08	Acquired	92598	Direct
2010-11-15	Common Stock	M	10000	$3.58	Acquired	102598	Direct
2010-11-15	Common Stock	M	12500	$3.02	Acquired	115098	Direct
2010-11-15	Common Stock	F	6478	$5.32	Disposed	108620	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-15	Non-Qualified Stock Option (Right to Buy)	$3.15	M	2500	Disposed	2016-08-25	Common Stock (2500)	Direct
2010-11-15	Non-Qualified Stock Option (Right to Buy)	$4.08	M	6000	Disposed	2017-08-14	Common Stock (6000)	Direct
2010-11-15	Non-Qualified Stock Option (Right to Buy)	$3.58	M	10000	Disposed	2018-06-10	Common Stock (10000)	Direct
2010-11-15	Non-Qualified Stock Option (Right to Buy)	$3.02	M	12500	Disposed	2019-08-12	Common Stock (12500)	Direct

Footnotes

F1: This transaction represents the withholding of 6,478 shares of common stock to partially satisfy the exercise price and tax withholding obligations incurred by the Reporting Person upon the exercise of the options granted to the Reporting Person on August 25, 2006; August 14, 2007; June 10, 2008; and August 12, 2009.

F2: The option vested as follows: (a) 1,250 shares on August 25, 2007; and (b) 1,250 shares on August 25, 2008.

F3: The option vested as follows: (a) 3,000 shares on August 14, 2008; and (b) 3,000 shares on August 14, 2009.

F4: The option vested as follows: (a) 5,000 shares on June 10, 2009; and (b) 5,000 shares on June 10, 2010.

F5: The option vests as follows: (a) 12,500 shares on August 12, 2010; and (b) 12,500 shares on August 12, 2011.