X0306 4 2016-03-22 0 0001593936 Michaels Companies, Inc. MIK 0001195007 BEKENSTEIN JOSHUA C/O BAIN CAPITAL INVESTORS, LLC 200 CLARENDON STREET BOSTON MA 02116 1 0 1 0 Common Stock 2016-03-22 4 J 0 398818 0.00 D 66579159 I See Footnotes Common Stock 2016-03-22 4 G 0 146388 0.00 D 0 D Represents shares of Common Stock held directly by Bain Capital Integral Investors 2006, LLC and BCIP TCV, LLC (collectively, the "Bain Capital Entities"). The governance, investment strategy and decision-making process with respect to investments held by the Bain Capital Entities is directed by the Global Private Equity Board ("GPEB") of Bain Capital Investors, LLC ("BCI"). Joshua Bekenstein is a Managing Director of BCI and a member of GPEB. By virtue of the relationships described in these footnotes, Mr. Bekenstein may be deemed to share voting and dispositive power with respect to all of the shares of Common Stock held by the Bain Capital Entities. Mr. Bekenstein disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. On March 22, 2016, certain of the Bain Capital Entities distributed 398,818 shares of Common Stock to one or more members or partners of the Bain Capital Entities, including 146,388 shares of Common Stock to Mr. Bekenstein in connection with certain charitable gifts made by such members or partners or their direct or indirect owners, including Mr. Bekenstein, on March 22, 2016. Mr. Bekenstein made a charitable gift of all 146,388 shares of Common Stock that he received in connection with the distribution described in footnote 3 above. /s/ Joshua Bekenstein 2016-03-24