X0202 4 2004-06-07 0 0000740670 MICHAELS STORES INC MIK 0001239636 BAZZONE THOMAS M 8000 BENT BRANCH DRIVE IRVING TX 75063 0 1 0 0 Pres. - ReCollections/Star Stock Option (Right to Buy) 53.3400 2004-06-07 4 A 0 50000.0000 0 A 2009-06-06 Common Stock 50000.0000 50000.0000 D Grant to the reporting person on June 7, 2004 of options under the Michaels Stores, Inc. Amended and Restated 1997 Stock Option Plan (exempt) to purchase 50,000 shares of Michaels Stores, Inc. common stock; 16,666 of which will vest on June 7, 2005, and 16,667 of which will vest on each of June 7, 2006 and June 7, 2007. /s/ Todd J. Thorson Todd J. Thorson, Attorney-in-Fact for Thomas M. Bazzone, President - ReCollections and Star Wholesale, each a division of Michaels Stores, Inc. 2004-06-09