X0202 4 2004-08-06 0 0000740670 MICHAELS STORES INC MIK 0001185854 WYLY JR CHARLES J 8000 BENT BRANCH DRIVE IRVING TX 75063 1 1 0 0 Chairman of the Board Stock Option (Right to Buy) 51.18 2004-08-06 4 A 0 100000 0.00 A 2009-08-05 Common Stock 100000 100000 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 100,000 shares of Michaels Stores, Inc. common stock; 33,333 of which will vest on each of August 6, 2005 and August 6, 2006, and 33,334 of which will vest on August 6, 2007. /s/ Elizabeth K. Giddens Elizabeth K. Giddens, Attorney-in-Fact for Charles J. Wyly, Jr., Chairman of the Board of Directors 2004-08-10