Sec Form 4 Filing - LAMPERT EDWARD S @ ORCHARD SUPPLY HARDWARE STORES CORP - 2012-03-12

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 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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1. Name and Address of Reporting Person LAMPERT EDWARD S 2. Issuer Name and Ticker or Trading Symbol ORCHARD SUPPLY HARDWARE STORES CORP [ OSH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 200 GREENWICH AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 03/12/2012 (Street) GREENWICH, CT06830 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Class A Common Stock 03/12/2012 S 2,205 D $ 24.39 ( 1 ) 1,718,872 I See Footnotes ( 2 ) ( 8 ) Class A Common Stock 03/12/2012 S 168 D $ 24.39 ( 1 ) 770,480 ( 3 ) D ( 4 ) ( 8 ) Class A Common Stock 03/13/2012 S 1,859 D $ 24.1 ( 5 ) 1,717,013 I See Footnotes ( 2 ) ( 8 ) Class A Common Stock 03/13/2012 S 142 D $ 24.1 ( 5 ) 770,338 ( 3 ) D ( 4 ) ( 8 ) Series A Preferred Stock 1,721,077 I See Footnotes ( 2 ) ( 8 ) Series A Preferred Stock 770,648 ( 3 ) D ( 4 ) ( 8 ) Class A Common Stock 462 I See Footnotes ( 6 ) ( 8 ) Series A Preferred Stock 462 I See Footnotes ( 6 ) ( 8 ) Class A Common Stock 33 I See Footnotes ( 7 ) ( 8 ) Series A Preferred Stock 33 I See Footnotes ( 7 ) ( 8 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other LAMPERT EDWARD S 200 GREENWICH AVENUE GREENWICH, CT06830 X ESL PARTNERS, L.P. 200 GREENWICH AVENUE GREENWICH, CT06830 X RBS PARTNERS L P /CT 200 GREENWICH AVENUE GREENWICH, CT06830 X ESL INVESTMENTS INC 200 GREENWICH AVENUE GREENWICH, CT06830 X Signatures /s/ Edward S. Lampert 03/14/2012 Signature of Reporting Person Date /s/ Adrian J. Maizey, Chief Financial Officer, ESL Investments, Inc., as its general partner, RBS Partners, L.P., as its general partner for ESL PARTNERS, L.P. 03/14/2012 Signature of Reporting Person Date /s/ Adrian J. Maizey, Chief Financial Officer, ESL Investments, Inc., as its general partner for RBS PARTNERS, L.P. 03/14/2012 Signature of Reporting Person Date /s/ Adrian J. Maizey, Chief Financial Officer for ESL INVESTMENTS, INC. 03/14/2012 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This price represents the approximate weighted average price per share of common stock of Orchard Supply Hardware Stores Corporation (the "Issuer"), par value $0.01 per share (each, a "Share"), of sales that were executed at prices ranging from $24.30 to $24.56 per Share. The Reporting Persons undertake to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of Shares sold at each price. ( 2 )These securities are held by ESL Partners, L.P. ("Partners"). ( 3 )This total includes 3,521 shares that were transferred on January 3, 2012 from a grantor retained annuity trust of which Mr. Lampert was the trustee. ( 4 )These securities are held by Mr. Lampert. ( 5 )This price represents the approximate weighted average price per Share of sales that were executed at prices ranging from $24.00 to $24.54 per Share. The Reporting Persons undertake to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of Shares sold at each price. ( 6 )These securities are held by ESL Institutional Partners, L.P. ("Institutional"). ( 7 )These securities are held by CRK Partners, LLC ("CRK"). ( 8 )This Form 4 is filed on behalf of Mr. Lampert, ESL Investments, Inc. ("Investments"), RBS Partners, L.P. ("RBS") and Partners. RBS is the general partner of Partners. RBS Investment Management, L.L.C. ("RBSIM") is the general partner of Institutional. Investments is the general partner of RBS and the sole member of CRK and the manager of RBSIM. Mr. Lampert is the Chairman, Chief Executive Officer and Director of Investments.

Remarks: Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), each of the Reporting Persons may be deemed to be the beneficial owner of the securities reported herein only to the extent of his or its pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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