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 *

Christensen Susan I. 		2. Issuer Name and Ticker or Trading Symbol

CROWN CRAFTS INC [ CRWS ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
VP Sales/Infant Products Div
(Last)          (First)          (Middle)

711 WEST WALNUT STREET 		3. Date of Earliest Transaction (MM/DD/YYYY)

11/21/2012
(Street)

COMPTON, CA 90220
(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
Common Stock   11/21/2012     M    3000   A $0.65   8533   D    
Common Stock   11/21/2012     M    6000   A $4.08   14533   D    
Common Stock   11/21/2012     M    10000   A $3.58   24533   D    
Common Stock   11/21/2012     M    10000   A $3.02   34533   D    
Common Stock   11/21/2012     M    10000   A $4.23   44533   D    
Common Stock   11/21/2012     M    5000   A $4.81   49533   D    
Common Stock   11/21/2012     F (1)    33197   D $5.78   16336   D    

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
Non-Qualified Stock Option (Right to Buy)   $0.65   11/21/2012     M         3000      (2) 11/7/2013   Common Stock   3000     (3) 0   D    
Non-Qualified Stock Option (Right to Buy)   $4.08   11/21/2012     M         6000      (4) 8/14/2017   Common Stock   6000     (3) 0   D    
Non-Qualified Stock Option (Right to Buy)   $3.58   11/21/2012     M         10000      (5) 6/10/2018   Common Stock   10000     (3) 0   D    
Non-Qualified Stock Option (Right to Buy)   $3.02   11/21/2012     M         10000      (6) 8/12/2019   Common Stock   10000     (3) 0   D    
Non-Qualified Stock Option (Right to Buy)   $4.23   11/21/2012     M         10000      (7) 6/23/2020   Common Stock   10000     (3) 0   D    
Non-Qualified Stock Option (Right to Buy)   $4.81   11/21/2012     M         5000      (8) 6/10/2021   Common Stock   5000     (3) 5000   D    

Explanation of Responses:
( 1)  This transaction represents the withholding of 33,197 shares of common stock to satisfy the exercise price and tax withholding obligations incurred by the Reporting Person upon the exercise of the options granted to the Reporting Person on each of November 7, 2003; August 14, 2007; June 10, 2008; August 12, 2009; June 23, 2010; and June 10, 2011.
( 2)  The options were granted on November 7, 2003 and vested as follows: (a) 1,500 shares on November 7, 2004; and (b) 1,500 shares on November 7, 2005.
( 3)  Derivative securities represent the grant of a stock option for services as an officer of the Issuer.
( 4)  The options were granted on August 14, 2007 and vested as follows: (a) 3,000 shares on August 14, 2008; and (b) 3,000 shares on August 14, 2009.
( 5)  The options were granted on June 10, 2008 and vested as follows: (a) 5,000 shares on June 10, 2009; and (b) 5,000 shares on June 10, 2010.
( 6)  The options were granted on August 12, 2009 and vested as follows: (a) 5,000 shares on August 12, 2010 and (b) 5,000 shares on August 12, 2011.
( 7)  The options were granted on June 23, 2010 and vested as follows: (a) 5,000 shares on June 23, 2011 and (b) 5,000 shares on June 23, 2012.
( 8)  The options were granted on June 10, 2011 and vest as follows: (a) 5,000 shares vested on June 10, 2012; and (b) 5,000 shares will vest on June 10, 2013.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Christensen Susan I.
711 WEST WALNUT STREET
COMPTON, CA 90220

VP Sales/Infant Products Div

Signatures
Olivia Elliott on behalf of Susan I. Christensen 11/26/2012
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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