Brown Peter W Dr – ‘4’ for 4/2/03 re: Bassett Furniture Industries Inc.

On:  Wednesday, 4/2/03, at 4:07pm ET   ·   For:  4/2/03   ·   Accession #:  10329-3-1   ·   File #:  0-00209

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Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Form 4 - April 2, 2003                                 2±    14K 


UNITED STATES SECURITIES AND EXCHANGE COMMISSION                                
WASHINGTON, D.C. 20549                                                          
FORM 4                                                                          
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP                                    
( ) Check this box if no longer subject to Section 16.                          
Form 4 or Form 5 obligations may continue. See Instructions 1(b).               
1. Name and Address of Reporting Person                                         
BROWN, DR., PETER W                                                       
417 LIBBIE AVENUE                                                         
RICHMOND, VA  23226                                                       
USA                                                                       
2. Issuer Name and Ticker or Trading Symbol                                     
BASSETT FURNITURE INDUSTRIES, INC                                         
BSET                                                                      
3. IRS or Social Security Number of Reporting Person (Voluntary)                

4. Statement for Month/Year                                                     
April 2, 2003                                                             
5. If Amendment, Date of Original (Month/Year)                                  

6. Relationship of Reporting Person(s) to Issuer (Check all applicable)         
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other       
(specify below)                                                           

7. Individual or Joint/Group Filing (Check Applicable Line)                     
(X) Form filed by One Reporting Person                                    
( ) Form filed by More than One Reporting Person                          

                                                        [Enlarge/Download Table]

___________________________________________________________________________________________________________________________________ 
 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
___________________________________________________________________________________________________________________________________|
1. Title of Security       |2.    |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                           | Transaction |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                           |      |      |                                  |  Beneficially     |(D)or |                           |
                           |      |    | |                  | A/|           |  Owned at         |Indir |                           |
                           | Date |Code|V|    Amount        | D |    Price  |  End of Month     |ect(I)|                           |
___________________________________________________________________________________________________________________________________|
                                                                                                                                    
COMMON STOCK               |4-01-0|J*  |V|520               |A  |10.60      |5,293              |D     |                           |
                           |3     |    | |                  |   |           |                   |      |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
*STOCK AWARDED IN LIEU OF C|      |    | |                  |   |           |                   |      |                           |
ASH--BOARD OF DIRECTORS FEE|      |    | |                  |   |           |                   |      |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|

___________________________________________________________________________________________________________________________________ 
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con-  |3.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security            |version |Transaction | rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                      |or Exer |     |      | rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                      |cise    |     |      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                      |Price of|     |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                      |Deriva- |     |      |               |Date |Expir|                    |       |ficially    |Ind|            |
                      |tive    |     |      |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                      |Secu-   |     |    | |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                      |rity    |Date |Code|V|  Amount   |   |ble  |     |                    |       |Month       |(I)|            |
___________________________________________________________________________________________________________________________________|
                                                                                                                                    
*OPTION (RIGHT TO BUY)|27.75   |     |    | |           |   |10-01|3-31-|COMMON      |500    |       |500         |D  |            |
                      |        |     |    | |           |   |-94  |2004 |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
*OPTION (RIGHT TO BUY)|26.50   |     |    | |           |   |10-03|4-02-|COMMON      |500    |       |500         |D  |            |
                      |        |     |    | |           |   |-95  |2005 |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
*OPTION (RIGHT TO BUY)|25.75   |     |    | |           |   |10-02|4-02-|COMMON      |500    |       |500         |D  |            |
                      |        |     |    | |           |   |-96  |2006 |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
*OPTION (RIGHT TO BUY)|23.875  |     |    | |           |   |10-01|4-02-|COMMON      |500    |       |500         |D  |            |
                      |        |     |    | |           |   |-97  |2007 |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
*OPTION (RIGHT TO BUY)|27.75   |     |    | |           |   |5-07-|11-06|COMMON      |2500   |       |2500        |D  |            |
                      |        |     |    | |           |   |98   |-07  |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
*OPTION (RIGHT TO BUY)|30.75   |     |    | |           |   |10-01|3-31-|COMMON      |1000   |       |1000        |D  |            |
                      |        |     |    | |           |   |-98  |08   |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
*OPTION (RIGHT TO BUY)|23.00   |     |    | |           |   |10-01|3-31-|COMMON      |1000   |       |1000        |D  |            |
                      |        |     |    | |           |   |-99  |09   |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
*OPTION (RIGHT TO BUY)|14.00   |     |    | |           |   |10-03|4-02-|COMMON      |1000   |       |1000        |D  |            |
                      |        |     |    | |           |   |-00  |10   |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
*OPTION (RIGHT TO BUY)|12.5625 |     |    | |           |   |10-02|4-01-|COMMON      |1000   |       |1000        |D  |            |
                      |        |     |    | |           |   |-01  |11   |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
*OPTION (RIGHT TO BUY)|20.51   |     |    | |           |   |10-01|3-31-|COMMON      |1000   |       |1000        |D  |            |
                      |        |     |    | |           |   |-02  |12   |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
*OPTION (RIGHT TO BUY)|10.54   |4-01-|A   |V|1000       |A  |10-01|3-31-|COMMON      |1000   |       |1000        |D  |            |
                      |        |03   |    | |           |   |-03  |13   |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|

Explanation of Responses:                                                       
*GRANTED UNDER THE 1993 STOCK PLAN FOR NON-EMPLOYEE                             
DIRECTORS                                                                       
SIGNATURE OF REPORTING PERSON                                                   
PETER W BROWN                                                                   
DATE                                                                            
APRIL 2, 2003                                                                   

Dates Referenced Herein   and   Documents Incorporated by Reference

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