FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Lenado Partners, Series A of Lenado Capital Partners, L.P. 		2. Issuer Name and Ticker or Trading Symbol

HANCOCK FABRICS INC [ HKFI.PK ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      __ X __ Other (specify below)
Member of 10% owner group
(Last)          (First)          (Middle)

516 EAST HYMAN AVENUE 		3. Date of Earliest Transaction (MM/DD/YYYY)

7/24/2014
(Street)

ASPEN, CO 81611
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Warrants (right to buy)   $0.59   7/24/2014     S         600000    11/20/2012   11/20/2019   Common Stock   600000     (1) 1594400   D    

Explanation of Responses:
( 1)  Lenado Partners, Series A of Lenado Capital Partners, L.P., a Delaware limited partnership ("Lenado Partners") sold warrants to purchase an aggregate of 600,000 shares of common stock of the Issuer (the "Common Stock"), for an aggregate price of $2.

Remarks:
Lenado Partners is filing this Form 4 because it may be deemed to (i) beneficially own more than 10% of the Common Stock and (ii) be a member of the group described in the Form 4 filed by Lenado Capital Advisors, LLC, a Delaware limited liability company formerly known as Sopris Capital Advisors LLC, on August 15, 2008 for purposes of Regulation 13D-G under the Securities Exchange Act of 1934.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Lenado Partners, Series A of Lenado Capital Partners, L.P.
516 EAST HYMAN AVENUE
ASPEN, CO 81611
X
Member of 10% owner group

Signatures
LENADO PARTNERS, SERIES A OF LENADO CAPITAL PARTNERS, L.P., By: LENADO CAPITAL LLC, its general partner, /s/ Nikos Hecht, Sole Member of the Managing Member 7/25/2014
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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