X0202 4 2005-06-21 0001074530 BOYDS COLLECTION LTD FOB 0001081709 LOWENTHAL GARY M 395 BUFORD AVENUE, SUITE A GETTYSBURG PA 17325 0 0 1 0 Common Stock 2005-06-21 4 S 0 8200 1.81 D 4014666 I See Note Common Stock 2005-06-21 4 S 0 4100 1.80 D 4010566 I See Note Common Stock 2005-06-21 4 S 0 12700 1.77 D 3997866 I See Note Common Stock 2005-06-21 4 S 0 1000 1.72 D 3996866 I See Note Common Stock 2005-06-21 4 S 0 2000 1.71 D 3994866 I See Note Common Stock 2005-06-21 4 S 0 7000 1.70 D 3987866 I See Note Common Stock 2005-06-22 4 S 0 300 1.77 D 3987566 I See Note Common Stock 2005-06-22 4 S 0 300 1.76 D 3987266 I See Note Common Stock 2005-06-22 4 S 0 3500 1.75 D 3983766 I See Note Common Stock 5609342 D The reporting person's wife is the sole manager of The GJL LLC, which owns 3,983,766 shares of the issuer's common stock. In addition, the reporting person owns 4.9% of the membership interests in The GJL LLC. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. Gary M Lowenthal 2005-06-23