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
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 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 ROWLAND
(Last) (First) (Middle)
C/O CLAIRES STORES INC
3 SW 129 AVE
(Street)
PEMBROKE PINES FL 33127
(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)
Director 10% Owner
Officer (give title below) X Other (specify below)
Chairman Emeritus
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2004
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 12/12/2003 12/12/2003 J 0 A $0 6,169,896(1) I By the Rowland Schaefer Trusts(2)
Common Stock 01/31/2004 01/31/2004 J 0 A $0 0 D
Common Stock 06/24/2004 06/24/2004 S 40,300 D $22 567,200 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 2,093 D $22.01 565,107 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 3,900 D $22.02 561,207 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 10,300 D $22.03 550,907 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 3,200 D $22.04 547,707 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 2,400 D $22.05 545,307 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 11,700 D $22.06 533,607 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 2,000 D $22.07 531,607 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 900 D $22.08 530,707 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 3,000 D $22.09 527,707 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 10,400 D $22.1 517,307 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 700 D $22.11 516,607 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 1,200 D $22.12 515,407 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 2,100 D $22.13 513,307 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 4,500 D $22.14 508,807 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 59,500 D $22.15 449,307 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 10,700 D $22.16 438,607 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 7,800 D $22.17 430,807 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 8,500 D $22.18 422,307 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 4,200 D $22.19 418,107 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 1,100 D $22.2 417,007 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 400 D $22.21 416,607 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 1,500 D $22.22 415,107 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 1,000 D $22.23 414,107 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 2,200 D $22.24 411,907 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 300 D $22.25 411,607 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 1,000 D $22.26 410,607 I By RS Family Limited Liability Limited Partnership No. 3(3)
Common Stock 06/24/2004 06/24/2004 S 5,800 D $22.27 404,807 I By RS Family Limited Liability Limited Partnership No. 3(3)
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
Explanation of Responses:
1. Includes shares previously held by Partnership and Partnership 2.
2. The Reporting Person disclaims benficial ownership of these shares, except to the extent of the Reporting Person's pecuniary interest in these shares.
3. The Reporting Person is the President of Schaefer Family Holdings No. 2, Inc., which is the General Partner of RS Family Limited Liability Limited Partnership No. 3, LLLP.
Remarks:
This Statement confirms that Rowland Schaefer has authorized and designated Marla Schaefer and/or Bonnie Schaefer to execute and file on his behalf any and all Forms 3,4 and 5 (including any amendments thereto) that he may be required to file with the United States Securities and Exchange Commission as a result of his ownership of or transactions in securities of Claire's Stores, Inc. The authority of Marla Schaefer and Bonnie Schaefer under this Statement shall continue until Rowland Schaefer is no longer required to file Forms 3,4 or 5, with regard to his ownership of or transactions in securities of Claire's Stores, Inc., unless earlier revoked in writing.
/s/Rowland Schaefer by Bonnie Schaefer (Attorney in Fact) 06/28/2004
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.