X0303 4 2010-04-01 0 0000912263 TALBOTS INC TLB 0001193321 TSURUTA ISAO C/O THE TALBOTS, INC. ONE TALBOTS DRIVE HINGHAM MA 02043 1 0 0 0 Common Stock, par value $0.01 per share 2010-04-01 4 A 0 4000 0 A 4000 D Common Stock, par value $0.01 per share 4000 D Common Stock, par value $0.01 per share 4000 D Common Stock, par value $0.01 per share 4000 D Common Stock, par value $0.01 per share 4000 D Common Stock, par value $0.01 per share 4000 D Common Stock, par value $0.01 per share 4000 D Common Stock, par value $0.01 per share 3000 I By IRA Common Stock, par value $0.01 per share 1000 I By Spouse's IRA Director Stock Option (Right to Buy) 13.58 2010-04-01 4 A 0 3000 0 A 2020-04-01 Common Stock 3000 3000 D This annual grant is part of the regular director compensation program under which an annual grant of 3,000 stock options and 4,000 restricted stock units ("RSUs") is made on April 1 to each non-management director. These awards are granted pursuant to The Talbots, Inc. Restated Directors Stock Plan, which is a Rule 16b-3 plan. RSUs vest 12 months following the award date, subject to continued Board service, and also subject to certain mandatory and voluntary deferral of the receipt of shares in accordance with the terms of the plan. RSUs granted pursuant to the Restated Directors Stock Plan which vested as of April 1, 2010, subject to certain mandatory and voluntary deferral of the receipt of shares in accordance with the terms of the plan. RSUs granted pursuant to the Restated Directors Stock Plan which vested as of June 2, 2009, subject to certain mandatory and voluntary deferral of the receipt of shares in accordance with the terms of the plan. RSUs granted pursuant to the Restated Directors Stock Plan which vested as of June 1, 2008, subject to certain mandatory and voluntary deferral of the receipt of shares in accordance with the terms of the plan. RSUs granted pursuant to the Restated Directors Stock Plan which vested as of June 1, 2007, subject to certain mandatory and voluntary deferral of the receipt of shares in accordance with the terms of the plan. RSUs granted pursuant to the Restated Directors Stock Plan which vested as of June 1, 2006, subject to certain mandatory and voluntary deferral of the receipt of shares in accordance with the terms of the plan. RSUs granted pursuant to the Restated Directors Stock Plan which vested as of June 1, 2005, subject to certain mandatory and voluntary deferral of the receipt of shares in accordance with the terms of the plan. Non-qualified stock options vest in one-third annual increments on April 1, 2011, April 1, 2012 and April 1, 2013. /s/ Warren J. Casey, Attorney-in-Fact 2010-04-01