X0202 4 2004-08-06 0 0000740670 MICHAELS STORES INC MIK 0001214225 BOYER JEFFREY N 8000 BENT BRANCH DRIVE IRVING TX 75063 0 1 0 0 EVP - Chief Financial Officer Stock Option (Right to Buy) 51.18 2004-08-06 4 A 0 25000 0.00 A 2009-08-05 Common Stock 25000 25000 D Grant to the reporting person on August 6, 2004 of options under the Michaels Stores, Inc. Amended and Restated 1997 Stock Option Plan (exempt) to purchase 25,000 shares of Michaels Stores, Inc. common stock; 8,333 of which will vest on each of August 6, 2005 and August 6, 2006, and 8,334 of which will vest on August 6, 2007. /s/ Elizabeth K. Giddens Elizabeth K. Giddens, Attorney-in-Fact for Jeffrey N. Boyer, Executive Vice President - Chief Financial Officer 2004-08-10