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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001209191-07-059804.txt : 20071025
<SEC-HEADER>0001209191-07-059804.hdr.sgml : 20071025
<ACCEPTANCE-DATETIME>20071025125749
ACCESSION NUMBER:		0001209191-07-059804
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071023
FILED AS OF DATE:		20071025
DATE AS OF CHANGE:		20071025

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DEB SHOPS INC
		CENTRAL INDEX KEY:			0000715779
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-WOMEN'S CLOTHING STORES [5621]
		IRS NUMBER:				231913593
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			0131

	BUSINESS ADDRESS:	
		STREET 1:		9401 BLUE GRASS RD
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19144
		BUSINESS PHONE:		2156766000

	MAIL ADDRESS:	
		STREET 1:		9401 BLUE GRASS ROAD
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19114

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DeAngelis John
		CENTRAL INDEX KEY:			0001343233

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12188
		FILM NUMBER:		071190286

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		215-676-6000

	MAIL ADDRESS:	
		STREET 1:		9401 BLUE GRASS ROAD
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19114
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bop41364_bop16jd.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-10-23</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000715779</issuerCik>
        <issuerName>DEB SHOPS INC</issuerName>
        <issuerTradingSymbol>DEBS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001343233</rptOwnerCik>
            <rptOwnerName>DeAngelis John</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>9401 BLUE GRASS ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PHILADELPHIA</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19114</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Vice President - Real Estate</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>25.28</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2007-10-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>15000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.97</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2012-11-02</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>15000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">These securities were disposed of pursuant to a merger agreement (the &quot;Merger Agreement&quot;) among DSI Holdings, LLC (&quot;DSI Holdings&quot;), DSI Acquisition, Inc. (&quot;DSI Acquisition&quot;) and the Issuer.  In accordance with the terms of the Merger Agreement, DSI Acquisition was merged with and into the Issuer (the &quot;Merger&quot;), the Issuer became a wholly-owned subsidiary of DSI Holdings, all outstanding options immediately vested and each holder of an option to purchase shares of Issuer common stock is receiving a cash payment per share underlying the option, equal to $27.25 (the amount per share to be received by the Issuer's shareholders in connection with the Merger) less the aggregate exercise price of the option.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>John DeAngelis</signatureName>
        <signatureDate>2007-10-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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