X0201 42004-01-21 0001138951 LEAPFROG ENTERPRISES INC LF 0001215345 WOOD MICHAEL C 6401 HOLLIS STREET, SUITE 150 EMERYVILLE CA 94608 1100CEO, President, Vice ChairmanClass A Common Stock2004-01-214M081825.00A2163083DClass A Common Stock2004-01-214S0818231.34D2154901DClass A Common Stock2004-01-214S02119331.34D2133708DClass A Common Stock2004-01-214S027131.34D25115IBy spouseNonqualified Stock Option (right to buy)5.002004-01-214M081820D2000-01-012009-12-31Class A Common 8182790181DThe sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 27, 2002.Granted 1/1/00 under the Issuer's Stock Option Plan at the following exercise prices: (a) 400,000 options were granted at the exercise price of $5.00; (b) 200,000 options were granted at the exercise price of $6.25; and (c) 200,000 options were granted at the exercise price of $7.50. Market value on the date of grant was $5.00. 1.0416% of the options from each of (a), (b), and (c) vested each month commencing 1-1-00. Following the Company's July 2002 IPO, vesting accelerated to 2.0832% per month. Michael C. Wood2004-01-22