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* SCHAEFER E BONNIE (Last) (First) (Middle) C/O CLAIRE'S STORES, INC. 3 S.W. 129TH AVENUE (Street) PEMBROKE PINES FL 33027 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol CLAIRES STORES INC [ CLE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) Co-CEO and Co-Chairman
	3. Date of Earliest Transaction (Month/Day/Year) 03/28/2005
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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, $.05 par value	03/28/2005		S		374,619	D	$22.36	75,400	I	By GRAT(1)
Common Stock, $.05 par value	03/29/2005		S		75,400	D	$22.34	0	I	By GRAT(1)
Common Stock, $.05 par value								3,294,099	I	By RS Family LPs(2)
Common Stock, $.05 par value								476,172	I	By SS Trust(3)
Common Stock, $.05 par value								38,939	I	By SFHI(4)
Common Stock, $.05 par value								1,821,932	I	By RS 2004 Trust(5)
Common Stock, $.05 par value								6,874(6)	D
Common Stock, $.05 par value								75,000(7)	D
Common Stock, $.05 par value								75,000(8)	D

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

1. Name and Address of Reporting Person* SCHAEFER E BONNIE (Last) (First) (Middle) C/O CLAIRE'S STORES, INC. 3 S.W. 129TH AVENUE (Street) PEMBROKE PINES FL 33027 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director 10% Owner X Officer (give title below) Other (specify below) Co-CEO and Co-Chairman

1. Name and Address of Reporting Person* SCHAEFER MARLA L (Last) (First) (Middle) C/O CLAIRE'S STORES, INC. 3 S.W. 129TH AVENUE (Street) PEMBROKE PINES FL 33027 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director 10% Owner X Officer (give title below) Other (specify below) Co-CEO and Co-Chairman

Explanation of Responses:

1. A limited partner of RS Family Limited Partnership No. 2 ("Partnership No. 2"). The Reporting Person is a co-trustee of the trust. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of the Reporting Person's pecuniary interest in these shares.

2. Includes shares held by RS Family Limited Partnership ("Partnership No. 1"), and shares held by Partnership No. 2. The Reporting Person is a co-trustee of two trusts that collectively own a controlling interest in Schaefer Family Holdings, Inc. ("SFHI"), the general partner of these partnerships. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of the Reporting Person's pecuniary interest in these shares.

3. A limited partner of Partnership No. 2. The Reporting Person is a co-trustee of the trust. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of the Reporting Person's pecuniary interest in these shares.

4. The general partner of Partnership No. 1 and Partnership No. 2. See footnotes above. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of the Reporting Person's pecuniary interest in these shares.

5. The Reporting Person is a co-trustee of the trust, and holds a remainder interest therein. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of the Reporting Person's pecuniary interest in these shares.

6. The 6,874 shares of Common Stock, $.05 par value, are shares held solely by Marla L. Schaefer.

7. Restricted stock grant, which shall vest twenty-five percent (25%) on February 1, 2006, twenty-five percent (25%) on February 1, 2007, and fifty percent (50%) on February 1, 2008. This restricted stock is held solely by E. Bonnie Schaefer.

8. Restricted stock grant, which shall vest twenty-five percent (25%) on February 1, 2006, twenty-five percent (25%) on February 1, 2007, and fifty percent (50%) on February 1, 2008. This restricted stock is held solely by Marla Schaefer.

	/s/ E. Bonnie Schaefer	03/30/2005
	/s/ Marla L. Schaefer	03/30/2005
	** 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).
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