Edgar Filing: BED BATH & BEYOND INC

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

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

CASTAGNA EUGENE A

2. Issuer Name and Ticker or Trading Symbol
BED BATH & BEYOND INC [BBBY]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
CFO and Treasurer

(Last)

(First)

(Middle)

C/O BED BATH & BEYOND INC., 650 LIBERTY AVENUE

3. Date of Earliest Transaction (Month/Day/Year)
11/23/2007

(Street)

UNION, NJ 07083

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	11/23/2007		M		5,600	A	$ 11.8282	55,417	D
Common Stock, par value $0.01 per share	11/23/2007		M		12,000	A	$ 16.125	67,417	D
Common Stock, par value $0.01 per share	11/23/2007		M		24,000	A	$ 11.4688	91,417	D
Common Stock, par value $0.01 per share	11/23/2007		S		400	D	$ 30.41	91,017	D
Common Stock, par value $0.01 per share	11/23/2007		S		400	D	$ 30.43	90,617	D
Common Stock, par value $0.01 per share	11/23/2007		S		200	D	$ 30.44	90,417	D
Common Stock, par value $0.01 per share	11/23/2007		S		200	D	$ 30.45	90,217	D
Common Stock, par value $0.01 per share	11/23/2007		S		300	D	$ 30.46	89,917	D
Common Stock, par value $0.01 per share	11/23/2007		S		2,740	D	$ 30.47	87,177	D
Common Stock, par value $0.01 per share	11/23/2007		S		800	D	$ 30.475	86,377	D
Common Stock, par value $0.01 per share	11/23/2007		S		960	D	$ 30.48	85,417	D
Common Stock, par value $0.01 per share	11/23/2007		S		7,200	D	$ 30.49	78,217	D
Common Stock, par value $0.01 per share	11/23/2007		S		700	D	$ 30.495	77,517	D
Common Stock, par value $0.01 per share	11/23/2007		S		9,600	D	$ 30.5	67,917	D
Common Stock, par value $0.01 per share	11/23/2007		S		4,773	D	$ 30.51	63,144	D
Common Stock, par value $0.01 per share	11/23/2007		S		1,200	D	$ 30.52	61,944	D
Common Stock, par value $0.01 per share	11/23/2007		S		1,327	D	$ 30.53	60,617	D
Common Stock, par value $0.01 per share	11/23/2007		S		1,700	D	$ 30.54	58,917	D
Common Stock, par value $0.01 per share	11/23/2007		S		1,100	D	$ 30.55	57,817	D
Common Stock, par value $0.01 per share	11/23/2007		S		1,000	D	$ 30.57	56,817	D
Common Stock, par value $0.01 per share	11/23/2007		S		2,800	D	$ 30.58	54,017	D
Common Stock, par value $0.01 per share	11/23/2007		S		4,200	D	$ 30.59	49,817	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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (right to buy)

$ 11.8282

11/23/2007

5,600

⁽¹⁾

05/27/2008

Common Stock

5,600

$ 0

Employee Stock Option (right to buy)

$ 16.125

11/23/2007

12,000

⁽¹⁾

05/26/2009

Common Stock

12,000

$ 0

Employee Stock Option (right to buy)

$ 11.4688

11/23/2007

24,000

⁽²⁾

03/13/2010

Common Stock

24,000

$ 0

24,000

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
CASTAGNA EUGENE A C/O BED BATH & BEYOND INC. 650 LIBERTY AVENUE UNION, NJ 07083			CFO and Treasurer

Signatures

/s/ Ori Solomon - Attorney-in-Fact		11/26/2007
^**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)	The stock option is fully exercisable.
(2)	The 24,000 stock options which were exercised were exercisable only during calendar year 2007. The remaining 24,000 stock options are exercisable only during calendar year 2008.

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.