X0201 3/A2002-02-112002-02-19 0 0000740670 MICHAELS STORES INC MIK 0001187638 WELLEN JEFFREY L 8000 BENT BRANCH DRIVE IRVING TX 75063 0100Head of Strategic P&IStock Option (Right to Buy)20.98502006-07-30Common Stock20000.0000DThis grant of options was erroneously reported as being a grant to the reporting person under the Michaels Stores, Inc. 2001 General Stock Option Plan; however, this grant of options was granted to the reporting person under the Michaels Stores, Inc. 2001 Employee Stock Option Plan (currently known as the Michaels Stores, Inc. Second Amended and Restated 2001 Employee Stock Option Plan).Grant to the reporting person on July 31, 2001 of options under the Michaels Stores, Inc. 2001 Employee Stock Option Plan to purchase 20,000 shares of Michaels Stores, Inc. common stock; 6,666 of which will vest on July 31, 2002, and 6,667 of which will vest on each of July 31, 2003 and July 31, 2004. /s/ Elizabeth K. Giddens Elizabeth K. Giddens, Attorney-in-Fact for Jeffrey L. Wellen, Head of Strategic Planning and Initiatives, Office of the CEO2003-12-23