X0202 4 2006-11-13 0 0001030896 BLUEFLY INC BFLY 0001255799 BARRY PATRICK C/O BLUEFLY, INC. 42 WEST 39TH STREET NEW YORK NY 10018 0 1 0 0 COO and CFO Common Stock 2006-11-13 4 A 0 269965 A 274965 D Deferred Stock Units 0 2006-11-13 4 A 0 45837 A Common Stock 45837 45837 D Deferred Stock Units 0 2006-11-13 4 A 0 4062692 0 A Common Stock 4062692 4062692 D Options 2.08 2006-11-13 4 D 0 300000 A Common Stock 300000 0 D Options 2.25 2006-11-13 4 D 0 55100 A Common Stock 55100 0 D Options 2.78 2006-11-13 4 D 0 339912 A Common Stock 339912 0 D Options 2.94 2006-11-13 4 D 0 150000 A Common Stock 150000 0 D Options 11.22 2006-11-13 4 D 0 50000 A Common Stock 50000 0 D Options 15.09 2006-11-13 4 D 0 49900 A Common Stock 49900 0 D Represents 269,965 shares of restricted stock, which vest in full on January 1, 2007. Restricted stock granted to the reporting person in exchange for the reporting person forfeiting his right to certain fully vested options that would have been exercisable to purchase an aggregate of 853,238 shares of common stock. The deferred stock units vest in eight equal quarterly installments commencing on October 1, 2006. There is no expiration date. Deferred stock units granted to the reporting person in exchange for the reporting person forfeiting his right to certain unvested options that would have been exercisable to purchase an aggregate of 91,674 shares of common stock. The grant of the deferred stock units is subject to shareholder approval of certain amendments to the Company's 2005 Stock Incentive Plan. The deferred stock units vest as follows: (i) one-third vest in four equal quarterly installments commencing on October 1, 2006, (ii) one-third vest in eight equal quarterly installments commencing on October 1, 2006 and (iii) one-third vest in twelve equal quarterly installments commencing on October 1, 2006. There is no expiration date. Disposed of pursuant to the reporting person's forfeiture of options as described in footnotes 2 and 4. /s/ Patrick C. Barry 2006-11-15