PETMED EXPRESS INC — Director's Dealing 2007

Jul 25, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PETMED EXPRESS INC (PETS)
CIK: 0001040130
Period of Report: 2007-07-23

Reporting Person: AKDAG MENDERES (Director, CEO & President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-23	Common Stock	X	124408	$10.64	Acquired	634408	Direct
2007-07-23	Common Stock	S	27778	$14.25	Disposed	606630	Direct
2007-07-23	Common Stock	S	27778	$14.50	Disposed	578852	Direct
2007-07-23	Common Stock	S	27777	$14.75	Disposed	551075	Direct
2007-07-23	Common Stock	S	37778	$15.00	Disposed	513297	Direct
2007-07-23	Common Stock	S	13297	$15.25	Disposed	500000	Direct
2007-07-24	Common Stock	X	14481	$10.64	Acquired	514481	Direct
2007-07-24	Common Stock	S	17782	$15.25	Disposed	496699	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-23	Option to Purchase PetMed Express, Inc. Common Stock	$10.64	M	124408	Disposed	2008-03-16	Common Stock (124408)	Direct
2007-07-24	Option to Purchase PetMed Express, Inc. Common Stock	$10.64	M	14481	Disposed	2009-03-16	Common Stock (14481)	Direct

Footnotes

F1: The reported transactions are pursuant to a pre-arranged structured sales plan that is in accordance with both the Securities and Exchange Commission's Rule 10b5-1 and the PetMed Express, Inc. insider trading policy.