Edgar Filing: FREEMAN NANCI

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

FREEMAN NANCI

2. Issuer Name and Ticker or Trading Symbol
CROWN CRAFTS INC [CRWS]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Pres & CEO/Infant Products Div

(Last)

(First)

(Middle)

711 WEST WALNUT STREET

3. Date of Earliest Transaction (Month/Day/Year)
11/07/2003

(Street)

COMPTON, CA 90220

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/04/2009		M		2,500	A	$ 2.3125	12,750	I	By Spouse
Common Stock	12/04/2009		M		2,500	A	$ 1.0625	15,250	I	By Spouse
Common Stock	12/04/2009		M		20,500	A	$ 0.71	35,750	I	By Spouse
Common Stock	12/04/2009		M		10,000	A	$ 0.65	45,750	I	By Spouse
Common Stock	12/04/2009		F⁽¹⁾		19,813	D	$ 2.75	25,937	I	By Spouse
Common Stock								60	I	By Children
Common Stock	02/10/2011		S		24,500	D	$ 5	241,786	D
Common Stock	02/11/2011		S		2,100	D	$ 5	239,686	D
Common Stock	02/14/2011		S		13,900	D	$ 5	225,786	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-Qualified Stock Option (Right to Buy)

$ 0.65

11/07/2003

10,000

⁽²⁾

11/07/2013

Common Stock

10,000

⁽³⁾

10,000

By Spouse

Non-Qualified Stock Option (Right to Buy)

$ 3.15

08/25/2006

10,000

⁽⁴⁾

08/25/2016

Common Stock

10,000

⁽³⁾

10,000

By Spouse

Non-Qualified Stock Option (Right to Buy)

$ 4.08

08/14/2007

6,000

⁽⁵⁾

08/14/2017

Common Stock

6,000

⁽³⁾

6,000

By Spouse

Non-Qualified Stock Option (Right to Buy)

$ 3.58

06/10/2008

10,000

⁽⁶⁾

06/10/2018

Common Stock

10,000

⁽³⁾

10,000

By Spouse

Non-Qualified Stock Option (Right to Buy)

$ 3.02

08/12/2009

10,000

⁽⁷⁾

08/12/2019

Common Stock

10,000

⁽³⁾

10,000

By Spouse

Non-Qualified Stock Option (Right to Buy)

$ 2.3125

12/04/2009

2,500

⁽⁸⁾

12/28/2009

Common Stock

2,500

$ 0

By Spouse

Non-Qualified Stock Option (Right to Buy)

$ 1.0625

12/04/2009

2,500

⁽⁹⁾

07/07/2010

Common Stock

2,500

$ 0

By Spouse

Non-Qualified Stock Option (Right to Buy)

$ 0.71

12/04/2009

20,500

⁽¹⁰⁾

08/28/2012

Common Stock

20,500

$ 0

By Spouse

Non-Qualified Stock Option (Right to Buy)

$ 0.65

12/04/2009

10,000

⁽¹¹⁾

11/07/2013

Common Stock

10,000

$ 0

By Spouse

Non-Qualified Stock Option (Right to Buy)

$ 4.23

06/23/2010

10,000

⁽¹²⁾

06/23/2020

Common Stock

10,000

⁽³⁾

10,000

By Spouse

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
FREEMAN NANCI 711 WEST WALNUT STREET COMPTON, CA 90220			Pres & CEO/Infant Products Div

Signatures

Olivia Elliott on behalf of Nanci Freeman		02/14/2011
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	This transaction represents the withholding of 19,813 shares of common stock to satisfy the tax withholding obligations incurred by the Reporting Person upon the exercise of the options granted to the Reporting Person on December 28, 1999; July 7, 2000; August 28, 2002; and November 7, 2003.
(2)	The option was granted pursuant to Issuer's Amended 1995 Stock Option Plan and is exercisable as follows: (a) 5,000 shares on or after November 7, 2004; and (b) 5,000 shares on or after November 7, 2005.
(3)	Derivative securities represent the grant of a stock option for services rendered as an employee of the Issuer.
(4)	The option was granted pursuant to Issuer's 2006 Omnibus Incentive Plan and is exercisable as follows: (a) 5,000 shares on or after August 25, 2007; and (b) 5,000 shares on or after August 25, 2008.
(5)	The option was granted pursuant to Issuer's 2006 Omnibus Incentive Plan and is exercisable as follows: (a) 3,000 shares on or after August 14, 2008; and (b) 3,000 shares on or after August 14, 2009.
(6)	The option was granted pursuant to Issuer's 2006 Omnibus Incentive Plan and is exercisable as follows: (a) 5,000 shares on or after June 10, 2009; and (b) 5,000 shares on or after June 10, 2010.
(7)	The option was granted pursuant to Issuer's 2006 Omnibus Incentive Plan and is exercisable as follows: (a) 5,000 shares on or after August 12, 2010; and (b) 5,000 shares on or after August 12, 2011.
(8)	The option vested as follows: (a) 1,250 shares on December 28, 2000; and (b) 1,250 shares on December 28, 2001.
(9)	The option vested as follows: 2,500 shares on July 7, 2001.
(10)	The option vested as follows: (a) 10,250 shares on August 28, 2003; and (b) 10,250 shares on August 28, 2004.
(11)	The option vested as follows: (a) 5,000 shares on November 7, 2004; and (b) 5,000 shares on November 7, 2005.
(12)	The option was granted pursuant to Issuer's 2006 Omnibus Incentive Plan and is exercisable as follows: (a) 5,000 shares on or after June 23, 2011; and (b) 5,000 shares on or after June 23, 2012.

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