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 * 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 (Month/Day/Year) 11/21/2012 (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 11/21/2012   M   3,000 A $ 0.65 8,533 D   Common Stock 11/21/2012   M   6,000 A $ 4.08 14,533 D   Common Stock 11/21/2012   M   10,000 A $ 3.58 24,533 D   Common Stock 11/21/2012   M   10,000 A $ 3.02 34,533 D   Common Stock 11/21/2012   M   10,000 A $ 4.23 44,533 D   Common Stock 11/21/2012   M   5,000 A $ 4.81 49,533 D   Common Stock 11/21/2012   F(1)   33,197 D $ 5.78 16,336 D

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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)

$ 0.65

11/21/2012

M

3,000

(2)

11/07/2013

Common Stock

3,000

(3)

0

D

Non-Qualified Stock Option (Right to Buy)

$ 4.08

11/21/2012

M

6,000

(4)

08/14/2017

Common Stock

6,000

(3)

0

D

Non-Qualified Stock Option (Right to Buy)

$ 3.58

11/21/2012

M

10,000

(5)

06/10/2018

Common Stock

10,000

(3)

0

D

Non-Qualified Stock Option (Right to Buy)

$ 3.02

11/21/2012

M

10,000

(6)

08/12/2019

Common Stock

10,000

(3)

0

D

Non-Qualified Stock Option (Right to Buy)

$ 4.23

11/21/2012

M

10,000

(7)

06/23/2020

Common Stock

10,000

(3)

0

D

Non-Qualified Stock Option (Right to Buy)

$ 4.81

11/21/2012

M

5,000

(8)

06/10/2021

Common Stock

5,000

(3)

5,000

D

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

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 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.

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