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

May 4, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: TILLY'S, INC. (TLYS)
CIK: 0001524025
Period of Report: 2012-05-03

Reporting Person: JOHNSON SETH R (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
STOCK OPTION (RIGHT TO BUY)	$6.45	2019-04-20	CLASS A COMMON STOCK (7500)		Direct

Footnotes

F1: 5,625 shares subject to the option are currently vested (1,875 shares vested on 7/9 of each of 2009, 2010 and 2011); the remaining 1,875 shares will vest on 7/9/12. The vested shares subject to the option are exercisable upon and following consummation of the Issuer's initial public offering.