SEC FORM 4

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^*

KAHN ALFRED R

(Last)

(First)

(Middle)

1414 AVENUE OF THE AMERICAS

(Street)

NEW YORK

10019

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
4 KIDS ENTERTAINMENT INC [ KDE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2003

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
COMMON STOCK	11/18/2003	11/18/2003	M		300,000	A	$3.1042	0	D
COMMON STOCK	11/18/2003	11/18/2003	S		300,000	D	$25.77	1,056,000	D
COMMON STOCK								6,000	I	By wife
COMMON STOCK								15,950	I	By self for daughter
COMMON STOCK								0⁽¹⁾	I	Adult children

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options	$3.1042	11/18/2003		M			300,000	01/01/1994	12/31/2003	Common Stock	300,000	$25.77	0	D
Stock Options	$1.2083	01/01/1995		A		263,800		01/01/1995	01/01/2005	Common Stock	263,800	$1.2083	263,800	D
Stock Options	$0.7708	01/01/1996		A		300,000		01/01/1996	01/01/2006	Common Stock	300,000	$0.7708	300,000	D
Stock Options	$0.9167	01/02/1998		A		120,000		01/02/1998	01/01/2008	Common Stock	120,000	$0.9167	120,000	D
Stock Options	$3.1042	11/13/1998		A		75,000		11/13/1998	11/12/2008	Common Stock	75,000	$3.1042	75,000	D
Stock Options	$33.2813	12/22/1999		A		100,000		12/22/1999	12/21/2009	Common Stock	100,000	$33.2813	100,000	D
Stock Options	$8.9375	01/02/2001		A		150,000		01/02/2001	01/02/2011	Common Stock	150,000	$8.9375	150,000	D
Stock Options	$20.03	01/02/2002		A		140,000		01/02/2002	01/02/2012	Common Stock	140,000	$20.03	140,000	D
Stock Options	$11.8	04/01/2003		A		137,600		⁽²⁾	04/01/2008	Common Stock	137,600	$11.8	137,600	D

Explanation of Responses:

1. The reporting person no longer has a reportable beneficial interest in the 45,000 shares of KDE common stock owned by his adult children and included in the reporting person's prior ownership reports.

2. The options vest in two equal annual installments beginning on April 1, 2003

	/s/ Alfred Kahn	11/19/2003
	** 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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