X0202 3 2008-04-04 0 0000812906 HANCOCK FABRICS INC HKFIQ 0001431796 Sheffield William A. ONE FASHION WAY BALDWYN MS 38824 0 1 0 0 Sr. VP - Distribution Common Stock 31948 D Employee Stock Option (right to buy) 4.25 2010-06-15 Common Stock 2000 D Employee Stock Option (right to buy) 7.50 2011-06-14 Common Stock 6000 D Employee Stock Option (right to buy) 18.09 2012-06-13 Common Stock 6000 D Employee Stock Option (right to buy) 15.84 2013-06-11 Common Stock 6000 D Employee Stock Option (right to buy) 12.20 2014-06-09 Common Stock 6000 D This option is fully vested and currently exercisable. Of these options, 4,500 is fully vested and 1,500 will vest on 06/09/2008. /s/ William A. Sheffield 2008-04-08