SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* FREEMAN NANCI (Last) (First) (Middle) 711 WEST WALNUT STREET (Street) COMPTON CA 90220 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol CROWN CRAFTS INC [ CRWS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Pres & CEO/Infant Products Div
	3. Date of Earliest Transaction (Month/Day/Year) 04/13/2012
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/13/2012		M		15,000	A	$3.15	240,786	D
Common Stock	04/13/2012		M		22,500	A	$4.08	263,286	D
Common Stock	04/13/2012		M		25,000	A	$3.58	288,286	D
Common Stock	04/13/2012		M		25,000	A	$3.02	313,286	D
Common Stock	04/13/2012		F(1)		70,073	D	$5.67	243,213	D
Common Stock	04/13/2012		M		10,000	A	$3.15	35,937	I	By spouse
Common Stock	04/13/2012		M		6,000	A	$4.08	41,937	I	By spouse
Common Stock	04/13/2012		M		10,000	A	$3.58	51,937	I	By spouse
Common Stock	04/13/2012		M		10,000	A	$3.02	61,937	I	By spouse
Common Stock	04/13/2012		M		5,000	A	$4.23	66,937	I	By spouse
Common Stock	04/13/2012		F(2)		33,368	D	$5.67	33,569	I	By spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (Right to Buy)	$3.15	04/13/2012		M			15,000	(3)	08/25/2016	Common Stock	15,000	(4)	0	D
Non-Qualified Stock Option (Right to Buy)	$4.08	04/13/2012		M			22,500	(5)	08/14/2017	Common Stock	22,500	(4)	0	D
Non-Qualified Stock Option (Right to Buy)	$3.58	04/13/2012		M			25,000	(6)	06/10/2018	Common Stock	25,000	(4)	0	D
Non-Qualified Stock Option (Right to Buy)	$3.02	04/13/2012		M			25,000	(7)	08/12/2019	Common Stock	25,000	(4)	0	D
Non-Qualified Stock Option (Right to Buy)	$3.15	04/13/2012		M			10,000	(8)	08/25/2016	Common Stock	10,000	(9)	0	I	By spouse
Non-Qualified Stock Option (Right to Buy)	$4.08	04/13/2012		M			6,000	(10)	08/14/2017	Common Stock	6,000	(9)	0	I	By spouse
Non-Qualified Stock Option (Right to Buy)	$3.58	04/13/2012		M			10,000	(11)	06/10/2018	Common Stock	10,000	(9)	0	I	By spouse
Non-Qualified Stock Option (Right to Buy)	$3.02	04/13/2012		M			10,000	(12)	08/12/2019	Common Stock	10,000	(9)	0	I	By spouse
Non-Qualified Stock Option (Right to Buy)	$4.23	04/13/2012		M			5,000	(13)	06/23/2020	Common Stock	5,000	(9)	5,000	I	By spouse

Explanation of Responses:

1. This transaction represents the withholding of 70,073 shares of common stock to satisfy the exercise price and tax withholding obligations incurred by the Reporting Person upon the exercise of the options granted to the Reporting Person on each of August 25, 2006; August 14, 2007; June 10, 2008; and August 12, 2009.

2. This transaction represents the withholding of 33,368 shares of common stock to satisfy the exercise price and tax withholding obligations incurred by the spouse of the Reporting Person upon the exercise of the options granted to the spouse of the Reporting Person on each of August 25, 2006; August 14, 2007; June 10, 2008; August 12, 2009; and June 23, 2010.

3. The options were granted on August 25, 2006 and vested as follows: (a) 7,500 shares on August 25, 2007; and (b) 7,500 shares on August 25, 2008.

4. Derivative securities represent the grant of a stock option for services as an officer of the Issuer.

5. The options were granted on August 14, 2007 and vested as follows: (a) 11,250 shares on August 14, 2008; and (b) 11,250 shares on August 14, 2009.

6. The options were granted on June 10, 2008 and vested as follows: (a) 12,500 shares on June 10, 2009; and (b) 12,500 shares on June 10, 2010.

7. The options were granted on August 12, 2009 and vested as follows: (a) 12,500 shares on August 12, 2010; and (b) 12,500 shares on August 12, 2011.

8. The options were granted on August 25, 2006 and vested as follows: (a) 5,000 shares on August 25, 2007; and (b) 5,000 shares on August 25, 2008.

9. Derivative securities represent the grant of a stock option for services rendered as an employee of the Issuer.

10. The options were granted on August 14, 2007 and vested as follows: (a) 3,000 shares on August 14, 2008; and (b) 3,000 shares on August 14, 2009.

11. The options were granted on June 10, 2008 and vested as follows: (a) 5,000 shares on June 10, 2009; and (b) 5,000 shares on June 10, 2010.

12. The options were granted on August 12, 2009 and vested as follows: (a) 5,000 shares on August 12, 2010; and (b) 5,000 shares on August 12, 2011.

13. The options were granted on June 23, 2010 and vest as follows: (a) 5,000 shares vested on June 23, 2011; and (b) 5,000 shares will vest on June 23, 2012.

Remarks:

	Olivia Elliott on behalf of Nanci Freeman	04/17/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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