Cannell Capital Increases Bet On Build-A-Bear Workshop Inc (BBW)

Page 4 of 7 – SEC Filing

CUSIP No. 120076104

Page 4 of 7 Pages

Item 4.   Purpose of Transaction
		Mr. Cannell, on behalf of the Investment Vehicles, identified the Company as an entity satisfying each Investment Vehicle’s investment criteria. The Investment Vehicles acquired and continue to hold the Shares as a long-term investment. Mr. Cannell files this 13D amendment to reflect recent purchases of the shares, which brought its ownership above 5% of the Company’s common stock. Above and beyond the action summarized above, Mr. Cannell reserves the right to discuss various views and opinions with respect to the Company and its business plans with the Company or the members of its senior management. The discussion of such views and opinions may extend from ordinary day-to-day business operations to matters such as nominees for representation on the Company’s board of directors, senior management decisions and extraordinary business transactions. Mr. Cannell reserves the right to take such action as he may deem necessary from time to time to seek to maximize the value of the Shares. Such actions may include, but may not necessarily be limited to, pursuit of strategic initiatives to enhance shareholder value. In addition to the actions set forth above, Mr. Cannell may engage in any of the actions specified in Items 4(a) through 4(j) to the Schedule 13D general instructions. Except as set forth above, Mr. Cannell has no present plans or proposals that relate to or would result in any of the transactions described in Item 4 of Schedule 13D. Generally Cannell Capital supports the efforts, strategy, and changes instituted by the new officers of the Company.
Item 5.   Interest in Securities of the Issuer
		Based on information set forth in the Company’s Form 10-Q as filed with the Securities and Exchange Commission on November 10, 2016, there were 15,850,618 Common Shares issued and outstanding as of November 4, 2016. (a)  As of the Reporting Date, for the purposes of Reg. Section 240.13d-3, Cannell Capital LLC may be deemed to beneficially own 793,261 Shares, or approximately 5.00% of the Shares deemed issued and outstanding as of the Reporting Date. (b)  Cannell Capital LLC possesses the sole power to vote and to direct the disposition of the Shares held by the Investment Vehicles. (c)  The following table details the transactions during the sixty days on or prior to the Reporting Date in Shares, or securities convertible into, exercisable for or exchangeable for Shares, by Cannell Capital LLC or any other person or entity controlled by him or any person or entity for which he possesses voting or investment control over the securities thereof (each of which was effected in an ordinary brokerage transaction by Cannell Capital LLC on behalf of the Investment Vehicles).
			Entity	Date	Quantity	Price Per Share		Form Of Transaction
&nbsp
			Tonga	01/18/2017	24,666	13.3444		Buy
			Cuttyhunk	01/19/2017	1,867	12.7118		Buy
Item 6.   Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
		None
Item 7.   Material to Be Filed as Exhibits
		None

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