X0303 4 2010-11-18 0 0000870826 VALUEVISION MEDIA INC VVTV 0001443848 Stewart Keith R 6740 SHADY OAK ROAD EDEN PRAIRIE MN 55344 1 1 0 0 Chief Executive Officer Common Stock (option to buy) 2.95 2010-11-18 4 A 0 500000 0.00 A 2020-11-18 Common Stock 500000 500000 D One-third of the option vests immediately, one-third of the option vests on January 26, 2011 and the remaining option vests on January 26, 2012. The option was granted in compliance with Executive's Amended and Restated Employment Agreement with the Issuer dated February 19, 2010. /s/ Teresa Dery, Attorney-in-Fact 2010-11-22