JAKKS PACIFIC INC — Director's Dealing 2006

May 9, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JAKKS PACIFIC INC (JAKK)
CIK: 0001009829
Period of Report: 2006-05-05

Reporting Person: BERMAN STEPHEN G (COO, President and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-05	Common Stock	M	18955	$7.875	Acquired	470169	Direct
2006-05-05	Common Stock	F	6632	$7.875	Disposed	463537	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-05	Options	$7.875	M	18955	Disposed	2006-06-22	Common Stock (18955)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options	$16.25	2007-07-11	Common Stock (175000)	175000	Direct

Footnotes

F1: Please see Exhibit 99.1

F2: The Holder exercised an option to purchase 18,955 shares of the Issuer's common stock and, in accordance with the terms of
the Issuer's 1995 Employee Stock Option Plan, as amended and restated, paid the $149,270.63 exercise price therefor through
the surrender of 6,632 shares of the Issuer's common stock.

F3: This option is immediately exercisable, except as follows: 52,500 shares become exercisable on 7/12/06.

F4: This option is immediately exercisable.