Sec Form 3 Filing - Point72 Asset Management, L.P. @ BUILD A BEAR WORKSHOP INC - 2017-02-24

Insider filing report for Changes in Beneficial Ownership
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FORM 3
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
Point72 Asset Management, L.P.
2. Issuer Name and Ticker or Trading Symbol
BUILD A BEAR WORKSHOP INC [ BBW]
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)
72 CUMMINGS POINT ROAD
3. Date of Earliest Transaction (MM/DD/YY)
02/24/2017
(Street)
STAMFORD, CT06902
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
Common Stock 1,585,127 I See Footnotes ( 1 ) ( 2 ) ( 3 )
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
Equity Swap Agreement(Obligation to Buy) $ 11.924 ( 4 ) ( 5 ) ( 4 )( 5 ) ( 4 )( 5 ) Common Stock 4,700 I See Footnotes ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 )
Equity Swap Agreement(Obligation to Buy) $ 11.4065 ( 4 ) ( 5 ) ( 4 )( 5 ) ( 4 )( 5 ) Common Stock 2,471 I See Footnotes ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 )
Equity Swap Agreement(Obligation to Buy) $ 8.3 ( 4 ) ( 5 ) ( 4 )( 5 ) ( 4 )( 5 ) Common Stock 1,600 I See Footnotes ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 )
Equity Swap Agreement(Obligation to Sell) $ 11.766 ( 6 ) ( 7 ) ( 6 )( 7 ) ( 6 )( 7 ) Common Stock 28 I See Footnotes ( 1 ) ( 2 ) ( 3 ) ( 6 ) ( 7 )
Equity Swap Agreement(Obligation to Sell) $ 9.1161 ( 6 ) ( 7 ) ( 6 )( 7 ) ( 6 )( 7 ) Common Stock 9,232 I See Footnotes ( 1 ) ( 2 ) ( 3 ) ( 6 ) ( 7 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Point72 Asset Management, L.P.
72 CUMMINGS POINT ROAD
STAMFORD, CT06902
X
Point72 Capital Advisors, Inc.
72 CUMMINGS POINT ROAD
STAMFORD, CT06902
X
COHEN STEVEN A/SAC CAPITAL MGMT LP
72 CUMMINGS POINT ROAD
STAMFORD, CT06902
X
Signatures
Point72 Asset Management, L.P. by Point72 Capital Advisors, Inc. by /s/ Kevin J. O'Connor, Authorized Officer 03/06/2017
Signature of Reporting Person Date
By Point72 Capital Advisors, Inc. by /s/ Kevin J. O'Connor, Authorized Officer 03/06/2017
Signature of Reporting Person Date
Steven A. Cohen by /s/ Kevin J. O'Connor, Authorized Signatory 03/06/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to certain investment management agreements, Point72 Asset Management L.P. ("Point72 Asset Management") has or shares a pecuniary interest in securities held by an investment fund (the "Fund") it manages that is sub-advised by Cubist Systematic Strategies, LLC ("Cubist"). Point72 Capital Advisors Inc. is the general partner of Point72 Asset Management. Mr. Cohen is the sole shareholder of Point72 Capital Advisors, Inc. and the owner, indirectly through certain holding companies wholly-owned by Mr. Cohen, of all of the limited partnership interests of Point72 Asset Management. Cubist is not a Reporting Person hereunder or otherwise, with respect to the Issuer, subject to Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
( 2 )Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. This filing shall not be deemed an admission that the Reporting Persons are subject to Section 16 of the Exchange Act, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of any securities reported herein for purposes of Section 16 of the Exchange Act or otherwise. The swap agreements described herein do not provide the Reporting Persons with any voting or dispositive power over any shares held by the counterparty and do not require the counterparty thereto to acquire, hold, vote or dispose of any shares of the Issuer.
( 3 )(Continued from Footnote 2) Accordingly, the Reporting Persons disclaim any beneficial ownership of any shares of common stock of the Issuer that may be referenced in such swap agreements or any other securities that may be held from time to time by the counterparty to such swap agreements.
( 4 )As of February 24, 2017, Cubist, on behalf of the Fund, was party to multiple equity swap agreements under which: (i) the Fund will be obligated to pay the counterparty any negative price performance of the shares of common stock of the Issuer subject to such swap, and (ii) the counterparty will be obligated to pay the Fund any positive price performance of the shares of common stock of the Issuer subject to such swap. Table II sets forth the position of the Reporting Persons under each swap agreement, under which the Fund has entered into multiple individual swap transactions, including the aggregate economic exposure based on the number of underlying shares of the Issuer and the weighted average unit cost per underlying share.
( 5 )(Continued from Footnote 4) The Reporting Persons undertake to provide to any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold and each separate price with respect to each individual swap transaction.
( 6 )As of February 24, 2017, Cubist, on behalf of the Fund, was party to multiple equity swap agreements under which: (i) the Fund will be obligated to pay the counterparty any positive price performance of the shares of common stock of the Issuer subject to such swap, and (ii) the counterparty will be obligated to pay the Fund any negative price performance of the shares of common stock of the Issuer subject to such swap. Table II sets forth the position of the Reporting Persons under each swap agreement, under which the Fund has entered into multiple individual swap transaction s, including the aggregate economic exposure based on the number of underlying shares of the Issuer and the weighted average unit cost per underlying share.
( 7 )(Continued from Footnote 6) The Reporting Persons undertake to provide to any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and each separate price with respect to each individual swap transaction.

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