X0202 4 2006-02-15 0000940510 BORDERS GROUP INC BGP 0001144872 JOSEFOWICZ GREGORY P 100 PHOENIX DRIVE ANN ARBOR MI 48108 1 1 0 0 Chairman, President and CEO Common Stock 2006-02-15 4 M 0 40000 13.3125 A 200485 D Common Stock 2006-02-15 4 S 0 5000 24.58 D 195485 D Common Stock 2006-02-15 4 S 0 5000 24.6 D 190485 D Common Stock 2006-02-15 4 S 0 200 24.72 D 190285 D Common Stock 2006-02-15 4 S 0 900 24.73 D 189385 D Common Stock 2006-02-15 4 S 0 100 24.74 D 189285 D Common Stock 2006-02-15 4 S 0 5800 24.75 D 183485 D Common Stock 2006-02-15 4 S 0 6900 24.76 D 176585 D Common Stock 2006-02-15 4 S 0 3500 24.77 D 173085 D Common Stock 2006-02-15 4 S 0 4400 24.78 D 168685 D Common Stock 2006-02-15 4 S 0 1900 24.79 D 166785 D Common Stock 2006-02-15 4 S 0 1100 24.8 D 165685 D Common Stock 2006-02-15 4 S 0 900 24.81 D 164785 D Common Stock 2006-02-15 4 S 0 4300 24.82 D 160485 D Stock Options (Right to buy) 13.3125 2006-02-15 4 M 0 40000 13.3125 D 2002-11-15 2009-11-14 Common Stock 40000 235000 D By Mark D. Schairer, Authorized Representative 2006-02-16