Sec Form 4 Filing - GIBREE STEVEN W @ Summer Infant, Inc. - 2010-08-07

Insider filing report for Changes in Beneficial Ownership
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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
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
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1. Name and Address of Reporting Person
GIBREE STEVEN W
2. Issuer Name and Ticker or Trading Symbol
Summer Infant, Inc. [ SUMR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Exec. VP Product Development
(Last) (First) (Middle)
1275 PARK EAST DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
08/07/2010
(Street)
WOONSOCKET, RI02895
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 08/07/2010 J( 1 ) V 320,758 D $ 0 191,444 D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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
Employee Stock Option (Right to Buy) $ 5.25 08/07/2010 J( 1 ) V 90,100 ( 2 ) 03/07/2017 Common Stock 90,100 $ 0 79,900 D
Employee Stock Option (Right to Buy) $ 2.14 08/07/2010 J( 1 ) V 13,250 ( 3 ) 01/05/2019 Common Stock 13,250 $ 0 11,750 D
Employee Stock Option (Right to Buy) $ 2.55 08/07/2010 J( 1 ) V 26,500 ( 4 ) 07/24/2019 Common Stock 26,500 $ 0 23,500 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GIBREE STEVEN W
1275 PARK EAST DRIVE
WOONSOCKET, RI02895
X Exec. VP Product Development
Signatures
/s/ Steven W. Gibree 08/12/2010
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the transfer of securities to Mr. Gibree's former spouse pursuant to a domestic relations order.
( 2 )Fully vested and exercisable as of August 7, 2010.
( 3 )25% of the shares are fully vested and exercisable as of August 7, 2010; additional 25% of the total shares will become vested and exercisable on each of January 5, 2011, January 5, 2012, and January 5, 2013.
( 4 )25% of the shares are fully vested and exercisable as of August 7, 2010; additional 25% of the total shares will become vested and exercisable on each of July 24, 2011, July 24, 2012, and July 24, 2013.

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).

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