UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

Celebrate Express, Inc.

(Name of Issuer)

Common Stock, $0.001 par value

(Title of Class of Securities)

15100A104

(CUSIP Number)

December 31, 2007

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

[_] Rule 13d-1(b)

[X] Rule 13d-1(c)

[_] Rule 13d-1(d)


* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 15100A104
----------------------


1. NAME OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 Hawkshaw Capital Management, LLC


2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (SEE INSTRUCTIONS) (a) [_]
 (b) [X]

3. SEC USE ONLY



4. CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5. SOLE VOTING POWER

 0

6. SHARED VOTING POWER

 1,011,235

7. SOLE DISPOSITIVE POWER

 0

8. SHARED DISPOSITIVE POWER

 1,011,235

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 1,011,235

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
 CERTAIN SHARES (SEE INSTRUCTIONS) [_]

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 12.7%

12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 IA, OO

--------------------------------------------------------------------------------


CUSIP No. 15100A104
----------------------


1. NAME OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 Hawkshaw Capital Partners, LP


2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (SEE INSTRUCTIONS) (a) [_]
 (b) [X]

3. SEC USE ONLY



4. CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5. SOLE VOTING POWER

 0

6. SHARED VOTING POWER

 460,690

7. SOLE DISPOSITIVE POWER

 0

8. SHARED DISPOSITIVE POWER

 460,690

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 460,690

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
 CERTAIN SHARES (SEE INSTRUCTIONS) [_]

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 5.8%

12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 PN

--------------------------------------------------------------------------------


CUSIP No. 15100A104
----------------------


1. NAME OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 Frank C. Byrd III

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (SEE INSTRUCTIONS) (a) [_]
 (b) [X]

3. SEC USE ONLY



4. CITIZENSHIP OR PLACE OF ORGANIZATION

 United States of America

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5. SOLE VOTING POWER

 0

6. SHARED VOTING POWER

 1,011,235

7. SOLE DISPOSITIVE POWER

 0

8. SHARED DISPOSITIVE POWER

 1,011,235

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 1,011,235

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
 CERTAIN SHARES (SEE INSTRUCTIONS) [_]

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 12.7%

12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 IN

--------------------------------------------------------------------------------


CUSIP No. 15100A104
----------------------


1. NAME OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 Kian Ghazi

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (SEE INSTRUCTIONS) (a) [_]
 (b) [X]

3. SEC USE ONLY



4. CITIZENSHIP OR PLACE OF ORGANIZATION

 United States of America

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5. SOLE VOTING POWER

 0

6. SHARED VOTING POWER

 1,011,235

7. SOLE DISPOSITIVE POWER

 0

8. SHARED DISPOSITIVE POWER

 1,011,235

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 1,011,235

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
 CERTAIN SHARES (SEE INSTRUCTIONS) [_]

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 12.7%

12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 IN

--------------------------------------------------------------------------------


CUSIP No. 15100A104
----------------------


Item 1(a). Name of Issuer:

 Celebrate Express, Inc.
 --------------------------------------------------------------------

 (b). Address of Issuer's Principal Executive Offices:

 11220 120th Avenue NE
 Kirkland, Washington 98033
 United States
 --------------------------------------------------------------------


Item 2(a). Name of Persons Filing:

 Hawkshaw Capital Management, LLC
 Hawkshaw Capital Partners, LP
 Frank C. Byrd III
 Kian Ghazi
 --------------------------------------------------------------------

 (b). Address of Principal Business Office, or if None, Residence:

 Hawkshaw Capital Management, LLC
 400 Madison Avenue, 14th Floor
 New York, NY 10017

 Hawkshaw Capital Partners, LP
 c/o Hawkshaw Capital Management, LLC
 400 Madison Avenue, 14th Floor
 New York, NY 10017

 Frank C. Byrd III
 c/o Hawkshaw Capital Management, LLC
 400 Madison Avenue, 14th Floor
 New York, NY 10017

 Kian Ghazi
 c/o Hawkshaw Capital Management, LLC
 400 Madison Avenue, 14th Floor
 New York, NY 10017
 --------------------------------------------------------------------

 (c). Citizenship:

 Hawkshaw Capital Management, LLC - Delaware
 Hawkshaw Capital Partners, LP - Delaware
 Frank C. Byrd III - United States of America
 Kian Ghazi - United States of America
 --------------------------------------------------------------------

 (d). Title of Class of Securities:

 Common Stock, $0.001 par value
 --------------------------------------------------------------------

 (e). CUSIP Number:

 15100A104
 --------------------------------------------------------------------


Item 3. If This Statement is filed pursuant to ss.240.13d-1(b) or
 240.13d-2(b), or (c), check whether the person filing is a:

 (a) [_] Broker or dealer registered under Section 15 of the Exchange
 Act (15 U.S.C. 78c).

 (b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act (15
 U.S.C. 78c).

 (c) [_] Insurance company as defined in Section 3(a)(19) of the
 Exchange Act (15 U.S.C. 78c).

 (d) [_] Investment company registered under Section 8 of the
 Investment Company Act of 1940 (15 U.S.C. 80a-8).

 (e) [X] An investment adviser in accordance with
 s.240.13d-1(b)(1)(ii)(E);

 (f) [_] An employee benefit plan or endowment fund in accordance with
 s.240.13d-1(b)(1)(ii)(F);

 (g) [_] A parent holding company or control person in accordance with
 Rule 13d-1(b)(1)(ii)(G);

 (h) [_] A savings association as defined in Section 3(b) of the Federal
 Deposit Insurance Act (12 U.S.C.1813);

 (i) [_] A church plan that is excluded from the definition of an
 investment company under Section 3(c)(14) of the Investment
 Company Act of 1940 (15 U.S.C. 80a-3);

 (j) [_] Group, in accordance with s.240.13d-1(b)(1)(ii)(J).


Item 4. Ownership.

 Provide the following information regarding the aggregate
 number and percentage of the class of securities of the issuer
 identified in Item 1.

 (a) Amount beneficially owned:

 Hawkshaw Capital Management, LLC - 1,011,235
 Hawkshaw Capital Partners, LP - 460,690
 Frank C. Byrd III - 1,011,235
 Kian Ghazi - 1,011,235
 --------------------------------------------------------------------

 (b) Percent of class:

 Hawkshaw Capital Management, LLC - 12.7%
 Hawkshaw Capital Partners, LP - 5.8%
 Frank C. Byrd III - 12.7% Kian Ghazi - 12.7%
 --------------------------------------------------------------------

 (c) Number of shares as to which the person has:

 Hawkshaw Capital Management, LLC

 (i) Sole power to vote or to direct the vote 0
 --------------,

 (ii) Shared power to vote or to direct the vote 1,011,235
 --------------,

 (iii) Sole power to dispose or to direct the
 disposition of 0
 --------------,

 (iv) Shared power to dispose or to direct the
 disposition of 1,011,235
 --------------.
 Hawkshaw Capital Partners, LP

 (i) Sole power to vote or to direct the vote 0
 --------------,

 (ii) Shared power to vote or to direct the vote 460,690
 --------------,

 (iii) Sole power to dispose or to direct the
 disposition of 0

 (iv) Shared power to dispose or to direct the
 disposition of 460,690
 --------------.

 Frank C. Byrd III

 (c) Number of shares as to which the person has:

 (i) Sole power to vote or to direct the vote 0
 --------------,

 (ii) Shared power to vote or to direct the vote 1,011,235
 --------------,

 (iii) Sole power to dispose or to direct the
 disposition of 0
 --------------,

 (iv) Shared power to dispose or to direct the
 disposition of 1,011,235
 --------------.

 Kian Ghazi

 (c) Number of shares as to which the person has:

 (i) Sole power to vote or to direct the vote 0
 --------------,

 (ii) Shared power to vote or to direct the vote 1,011,235
 --------------,

 (iii) Sole power to dispose or to direct the
 disposition of 0
 --------------,

 (iv) Shared power to dispose or to direct the
 disposition of 1,011,235
 --------------.


Item 5. Ownership of Five Percent or Less of a Class.

 If this statement is being filed to report the fact that as of
 the date hereof the reporting person has ceased to be the beneficial
 owner of more than five percent of the class of securities, check
 the following [ ].

 N/A
 --------------------------------------------------------------------

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

 If any other person is known to have the right to receive or
 the power to direct the receipt of dividends from, or the proceeds
 from the sale of, such securities, a statement to that effect should
 be included in response to this item and, if such interest relates
 to more than five percent of the class, such person should be
 identified. A listing of the shareholders of an investment company
 registered under the Investment Company Act of 1940 or the
 beneficiaries of employee benefit plan, pension fund or endowment
 fund is not required.

 N/A
 --------------------------------------------------------------------


Item 7. Identification and Classification of the Subsidiary Which Acquired
 the Security Being Reported on by the Parent Holding Company or
 Control Person.

 If a parent holding company or Control person has filed this
 schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under
 Item 3(g) and attach an exhibit stating the identity and the Item 3
 classification of the relevant subsidiary. If a parent holding
 company or control person has filed this schedule pursuant to Rule
 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the
 identification of the relevant subsidiary.

 N/A
 --------------------------------------------------------------------


Item 8. Identification and Classification of Members of the Group.

 If a group has filed this schedule pursuant to
 ss.240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an
 exhibit stating the identity and Item 3 classification of each
 member of the group. If a group has filed this schedule pursuant to
 ss.240.13d-1(c) or ss.240.13d-1(d), attach an exhibit stating the
 identity of each member of the group.

 N/A
 --------------------------------------------------------------------


Item 9. Notice of Dissolution of Group.

 Notice of dissolution of a group may be furnished as an
 exhibit stating the date of the dissolution and that all further
 filings with respect to transactions in the security reported on
 will be filed, if required, by members of the group, in their
 individual capacity. See Item 5.

 N/A
 --------------------------------------------------------------------


Item 10. Certification.

 By signing below we certify that, to the best of our knowledge and
 belief, the securities referred to above were not acquired and are
 not held for the purpose of or with the effect of changing or
 influencing the control of the issuer of the securities and were not
 acquired and are not held in connection with or as a participant in
 any transaction having such purpose or effect.


SIGNATURE

After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.

February 14, 2008
(Date)

Hawkshaw Capital Management, LLC*

By: /s/ Frank C. Byrd III
-----------------------------------
 Name: Frank C. Byrd III
 Title: Managing Member

Hawkshaw Capital Partners, LP*

By: Hawkshaw Capital Holdings, LLC,
its general partner

By: /s/ Frank C. Byrd III
-----------------------------------
 Name: Frank C. Byrd III
 Title: Managing Member


 /s/ Frank C. Byrd III*
--------------------------------
 Frank C. Byrd


 /s/ Kian Ghazi*
--------------------------------
 Kian Ghazi

* The Reporting Persons disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein.

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent.

Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).


Exhibit A
AGREEMENT

The undersigned agree that this Schedule 13G dated February 14, 2008 relating to the Common Stock, $0.001 par value of Celebrate Express, Inc. shall be filed on behalf of the undersigned.

February 14, 2008
(Date)

Hawkshaw Capital Management, LLC

By: /s/ Frank C. Byrd III
-----------------------------------
 Name: Frank C. Byrd III
 Title: Managing Member

Hawkshaw Capital Partners, LP

By: Hawkshaw Capital Holdings, LLC,
its general partner

By: /s/ Frank C. Byrd III
-----------------------------------
 Name: Frank C. Byrd III
 Title: Managing Member


 /s/ Frank C. Byrd III
--------------------------------
 Frank C. Byrd


 /s/ Kian Ghazi
--------------------------------
 Kian Ghazi

SK 21676 0001 854350

Celebrate Express (MM) (NASDAQ:BDAY)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Celebrate Express (MM) Charts.
Celebrate Express (MM) (NASDAQ:BDAY)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Celebrate Express (MM) Charts.