X0202 4 2004-08-06 0 0000740670 MICHAELS STORES INC MIK 0001186697 SADLER EDWARD F 8000 BENT BRANCH DRIVE IRVING TX 75063 0 1 0 0 EVP - Store Operations 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 Edward F. Sadler, Executive Vice President - Store Operations 2004-08-10