X0201 4 2003-08-05 0 0000912960 VERMONT TEDDY BEAR CO INC BEAR 0001210666 BRANDENBURG MAXINE C/O THE VERMONT TEDDY BEAR CO 6655 SHELBURNE RD SHELBURNE VT 05482 1 0 0 0 Stock Option 3.47 2003-08-05 5 A 0 E 1500 0 A 2003-08-05 2013-08-05 Common Stock 1500 17667 D Stock Option 4.86 2003-10-14 4 A 0 1500 0 A 2003-10-14 2013-10-14 Common Stock 1500 19167 D Number of derivative securities acquired represents the number of shares of common stock underlying the options reported on this Form 4. Derivative securities granted in consideration of reporting person's actual attendance at a regular quarterly meeting of the Board of Directors, pursuant to the Company's Non-Employee Director Stock Option Plan. Number of derivative securities directly owned represents the number of shares of common stock underlying the unexercised options held by the reporting person after reflecting this transaction reported on this Form 4. /s/ Maxine Brandenburg 2003-10-16