X0303 4 2010-05-07 0 0000874396 LIFETIME BRANDS, INC LCUT 0000936783 PHILLIPS CRAIG LIFETIME BRANDS INC. 1000 STEWART AVENUE GARDEN CITY NY 11530 1 1 0 0 Senior VP - Distribution & Dir Employee Stock Option (Right to buy) 13.27 2010-05-07 4 A 0 7500 A 2020-05-06 Common Stock 7500 7500 D The options vest 25 percent per year over four years. Field intentionally left blank in accordance with the instructions to Form 4. Craig Phillips 2010-05-11