X0202 4 2006-12-28 0000886158 BED BATH & BEYOND INC BBBY 0001234075 STARK ARTHUR C/O BED BATH & BEYOND INC. 650 LIBERTY AVENUE UNION NJ 07083 0 1 0 0 President & CMO Employee Stock Option (right to buy) 38.22 2006-12-28 4 D 0 100000 D 2013-04-25 Common Stock 100000 0 D Employee Stock Option (right to buy) 38.765 2006-12-28 4 A 0 100000 A 2013-04-25 Common Stock 100000 100000 D Employee Stock Option (right to buy) 38.515 2006-12-28 4 D 0 25000 D 2014-04-17 Common Stock 25000 0 D Employee Stock Option (right to buy) 38.795 2006-12-28 4 A 0 25000 A 2014-04-17 Common Stock 25000 25000 D The Employee Stock Option vests and becomes exercisable in five equal annual installments of 20,000 shares commencing on April 25, 2006. Represents an increase to the exercise price of the option to the fair market value on the deemed new measurment date recommended by the special committee of the Board of Directors of the Issuer in connection with a review of the stock option grants and restricted share awards made by the Issuer. The Reporting Person has agreed he will not receive any payment or other consideration in respect of such adjustment. The Employee Stock Option vests and becomes exercisable in five equal annual installments of 5,000 shares commencing on April 17, 2009. /s/ Ori Solomon, Attorney-in-Fact 2006-12-29