X0202 4 2007-05-23 0 0000811696 SHARPER IMAGE CORP SHRP 0001189430 LEVIN JERRY W C/O JW LEVIN PARTNERS LLC 9 WEST 57TH STREET, 26TH FLOOR NEW YORK NY 10019 1 1 1 0 Chairman of the Board Common Stock 2007-05-23 4 P 0 150000 9.25 A 150000 I By Trust Common Stock 21164 D The reporting person may be deemed to be a member of a group which consists of Knightspoint Partners II, L.P., Knightspoint Capital Management II LLC, Knightspoint Partners LLC, Michael Koeneke, David Meyer, Jerry W. Levin, Steven R. Isko, Michael A. Popson, Starboard Value and Opportunity Master Fund Ltd., Ramius Capital Group, LLC, C4S & Co., L.L.C., Ramius Advisors, L.L.C., Peter A. Cohen, Jeffrey M. Solomon, Morgan B. Stark, Thomas W. Strauss, Parche, LLC and Admiral Advisors, LLC. Mr. Levin disclaims beneficial ownership of securities beneficially held by any other member of such group. /s/ Steven R. Isko, by Power of Attorney 2007-05-24