Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Guyer Stephen
   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 Procurement/Infant Products
(Last)
(First)
(Middle)
711 WEST WALNUT STREET		 3. Date of Earliest Transaction (Month/Day/Year)
05/18/2012
(Street)

COMPTON, CA 90220		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 05/18/2012   M   20,500 A $ 0.71 32,365 D  
Common Stock 05/18/2012   M   10,000 A $ 0.65 42,365 D  
Common Stock 05/18/2012   M   10,000 A $ 3.15 52,365 D  
Common Stock 05/18/2012   M   6,000 A $ 4.08 58,365 D  
Common Stock 05/18/2012   M   10,000 A $ 3.58 68,365 D  
Common Stock 05/18/2012   M   10,000 A $ 3.02 78,365 D  
Common Stock 05/18/2012   M   5,000 A $ 4.23 83,365 D  
Common Stock 05/18/2012   F(1)   42,025 D $ 5.39 41,340 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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) $ 0.71 05/18/2012   M     20,500   (2) 08/28/2012 Common Stock 20,500 (3) 0 D  
Non-Qualified Stock Option (Right to Buy) $ 0.65 05/18/2012   M     10,000   (4) 11/07/2013 Common Stock 10,000 (3) 0 D  
Non-Qualified Stock Option (Right to Buy) $ 3.15 05/18/2012   M     10,000   (5) 08/25/2016 Common Stock 10,000 (3) 0 D  
Non-Qualified Stock Option (Right to Buy) $ 4.08 05/18/2012   M     6,000   (6) 08/14/2017 Common Stock 6,000 (3) 0 D  
Non-Qualified Stock Option (Right to Buy) $ 3.58 05/18/2012   M     10,000   (7) 06/10/2018 Common Stock 10,000 (3) 0 D  
Non-Qualified Stock Option (Right to Buy) $ 3.02 05/18/2012   M     10,000   (8) 08/12/2019 Common Stock 10,000 (3) 0 D  
Non-Qualified Stock Option (Right to Buy) $ 4.23 05/18/2012   M     5,000   (9) 06/23/2020 Common Stock 5,000 (3) 5,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Guyer Stephen
711 WEST WALNUT STREET
COMPTON, CA 90220		       VP Procurement/Infant Products  

Signatures

 Olivia Elliott on behalf of Stephen Guyer   05/22/2012
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) This transaction represents the withholding of 42,045 shares of common stock to satisfy (i) the exercise price obligations incurred by the Reporting Person upon the exercise of the options granted to the Reporting Person on each of August 25, 2006; August 14, 2007; June 10, 2008; August 12, 2009; and June 23, 2010; and (ii) the tax withholding obligations incurred by the Reporting Person with respect to all reported option exercises occurring on May 18, 2012.
(2) The options were granted on August 28, 2002 and vested as follows: (a) 10,250 shares on August 28, 2003; and (b) 10,250 shares on August 28, 2004.
(3) Derivative securities represent the grant of a stock option for services as an officer of the Issuer.
(4) The options were granted on November 7, 2003 and vested as follows: (a) 5,000 shares on November 7, 2004; and (b) 5,000 shares on November 7, 2005.
(5) The options were granted on August 25, 2006 and vested as follows: (a) 5,000 shares on August 25, 2007; and (b) 5,000 shares on August 25, 2008.
(6) 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.
(7) 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.
(8) 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.
(9) The options were granted on June 23, 2010 and vest as follows: (a) 5,000 shares vested on June 23, 2011; and (b) 5,000 shares will vest on June 23, 2012.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.