X0201 3 2003-10-21 0 0001074530 BOYDS COLLECTION LTD FOB 0001195778 MURLEY JAN L C/O THE BOYDS COLLECTION LTD. P.O. BOX 4385 GETTYSBURG PA 17325 1 1 0 0 Chief Executive Officer Stock Option (Right to buy) 5.12 2004-10-21 2013-10-21 Common Stock 850000 D The option is exercisable in five equal annual installments beginning on October 21, 2004. The option is excercisable in five equal annual installments beginning on October 21, 2004. Jan L. Murley 2003-10-31