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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001209191-07-059808.txt : 20071025
<SEC-HEADER>0001209191-07-059808.hdr.sgml : 20071025
<ACCEPTANCE-DATETIME>20071025130154
ACCESSION NUMBER:		0001209191-07-059808
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:			KAPLIN NED J
		CENTRAL INDEX KEY:			0001290651

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12188
		FILM NUMBER:		071190299

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		215-676-6000

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

	FORMER NAME:	
		FORMER CONFORMED NAME:	Kaplin Ned J
		DATE OF NAME CHANGE:	20040517
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bop41364_bop16nk.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>0001290651</rptOwnerCik>
            <rptOwnerName>KAPLIN NED J</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>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-10-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>6500</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>27.25</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>23.75</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>10000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.50</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2009-05-20</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10000</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 Corp. (&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, each holder of the Issuer common stock prior to the Merger (other than the Issuer, DSI Holdings or DSI Acquisition) is receiving $27.25 in cash for each share of Issuer common stock held at the effective time of the Merger, 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 purchase price of the option.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Ned J. Kaplin</signatureName>
        <signatureDate>2007-10-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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