TILLY'S, INC. — Director's Dealing 2012

May 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TILLY'S, INC. (TLYS)
CIK: 0001524025
Period of Report: 2012-05-04

Reporting Person: GRIESEMER DANIEL (Director, PRESIDENT & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-04	STOCK OPTION (RIGHT TO BUY)	$15.50	A	100000	Acquired	2022-05-04	CLASS A COMMON STOCK (100000)	Direct

Footnotes

F1: The option vests in four equal annual installments on each of the succeeding four anniversaries of the grant date, subject to continued service with the Company.