X0303 4 2010-08-03 0 0000863456 WET SEAL INC WTSLA 0001413003 Steven Benrubi 26972 BURBANK FOOTHILL RANCH CA 92610 0 1 0 0 Exec. VP & Chief Fin. Officer Common Stock Class A 2010-08-03 4 A 0 90000 3.33 A 186870 D Non-Qualified Stock Option (right to buy) 3.44 2010-08-03 4 A 0 90000 3.44 A 2020-08-03 Class A Common Stock 90000 208870 D On August 3, 2010 restricted stock was granted pursuant to The Wet Seal, Inc. 2005 Stock Incentive Plan. The restricted stock will become vested with respect to 33 1/3% of the shares on each of the next three (3) anniversaries of the Date of Grant until the restricted stock is 100% vested, subject to Executive's Continuous Service with the Company on each of those vested dates. On August 3, 2010 stock option were granted pursuant to The Wet Seal, Inc. 2005 Stock Incentive Plan. The options will become vested and exercisable with respect to 33 1/3% of the shares on each of the next three (3) anniversaries of the Date of Grant until the options are 100% vested, subject to Executive's Continuous Service with the Company on each of those vesting dates. The stock options become exercisable in three (3) equal annual installments of the first, second and third anniversaries of the grant date thereof. Steven H. Benrubi 2010-08-05