Collectors Universe, Inc.
COLLECTORS UNIVERSE INC (Form: 4, Received: 09/21/2011 17:29:43)
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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Wallace Joseph John
2. Issuer Name and Ticker or Trading Symbol

COLLECTORS UNIVERSE INC [ CLCT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Financial Officer
(Last)          (First)          (Middle)

COLLECTORS UNIVERSE, INC., P.O. BOX 6280
3. Date of Earliest Transaction (MM/DD/YYYY)

7/19/2011
(Street)

NEWPORT BEACH, CA 92658
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   7/19/2011     A    15000   (1) (2) A $ 0   100590   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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

Explanation of Responses:
( 1)  Restricted shares awarded under the 2006 Equity Incentive Plan (a Section 16b-3 plan), all of which are currently subject to the risk of forfeiture. A total of 7,500, or 50%, of these shares will cease to be subject to that risk of forfeiture (that is, will vest) over a four-year period in 16 installments on the last day of each quarter, commencing on September 30, 2011, so long as the Reporting Person is still in the Issuer's service on that quarter-end date.
( 2)  The remaining 7,500 shares (the "Performance-Based Shares" ) will not vest and will be forfeited unless the Issuer achieves an operating income goal for fiscal 2012 that has been previously established by the Compensation Committee and the Reporting Person is still in the service of the Issuer on that date (the vesting conditions). If, on the other hand, both of these vesting conditions are met, then 2,500 of the 7,500 Performance-Based Shares will then vest, and the remaining 5,000 of those shares will vest in two equal annual installments of 2,500 shares each on June 30, 2013 and June 30, 2014, respectively, provided that, in each case, the Reporting Person is in the Issuer's service on such date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Wallace Joseph John
COLLECTORS UNIVERSE, INC.
P.O. BOX 6280
NEWPORT BEACH, CA 92658


Chief Financial Officer

Signatures
Christine Kakour 9/21/2011
** Signature of Reporting Person Date


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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