Exhibit 10.15


 


	
   

  	
  bebe stores, Inc. dba bebe

  
	
  Notice of Grant of Stock Options and Option Agreement

  	
  ID:
  94-2450490

  
	
   

  	
  400 Valley
  Drive

  
	
   

  	
  Brisbane, CA
  94005-1208

  
	
   

  	
   

  
	
   

  	
   

  
	
  ROBERT M JAFFE

  	
  Option Number:

  	
  00001176

  
	
  4370 LA JOLLA VILLAGE DR NO 1040

  	
  Plan:

  	
  0697

  
	
  SAN DIEGO, CA USA 92122-

  	
   

  
	
   

  	
   

  



 


Effective 04/01/03, you have
been granted a(n) Discounted Stock Option to buy 2133 shares of bebe stores,
inc. dba bebe (the Company) stock at $0.00 per share.


 


The total option price of the
shares granted is $0.00.


 


Shares in each period will
become fully vested on the date shown.


 




	
  Shares

  	
   

  	
  Vest Type

  	
   

  	
  Full Vest

  	
   

  	
  Expiration

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2,133

  	
   

  	
  On Vest Date

  	
   

  	
  11/01/03

  	
   

  	
  06/01/04

  	
   

  






 


 


By your signature and the
Company’s signature below, you and the Company agree that these options are granted
under and governed by the terms and conditions of the Company’s Stock Option
Plan as amended and the Option Agreement, all of which are attached and made a
part of this document.


 


 


	
  /s/ John E. Kyees

  	
   

  	
   

  
	
  bebe stores,
  Inc. dba bebe

  	
   

  	
  Date

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  /s/ Robert M. Jaffe

  	
   

  	
   

  
	
  ROBERT M.
  JAFFE

  	
   

  	
  Date

  	
   

  
	 
	
   

  	
   

  	 

	 
	
   

  	
  Date:
  05/14/03

  	 

	 
	
   

  	
  Time:
  3:53:33PM

  	 

							



 

















 


bebe stores inc.


 


NOTICE OF GRANT OF

RESTRICTED STOCK UNITS


 


Robert Jaffe
(the “Participant”)
has been granted an award (the “Award”) pursuant to the bebe stores, inc. 1997 Stock
Plan (the “Plan”)
consisting of one or more rights (each such right being hereinafter referred to
as a “Restricted
Stock Unit”) to receive in settlement of each such right
one (1) share of Stock of bebe stores, inc., as follows:


 


	
  Date of Grant:

  	
   

  	
  April 1,
  2003

  
	
   

  	
   

  	
   

  
	
  Number of Restricted Stock Units:

  	
   

  	
  2133

  
	
   

  	
   

  	
   

  
	
  Settlement Date:

  	
   

  	
  As soon as
  practicable after termination of Participant’s Service.

  
	
   

  	
   

  	
   

  
	
  Vesting Schedule:

  	
   

  	
  100% of the
  Number of Restricted Stock Units shall be vested on November 1, 2003.

  



 


By their
signatures below, the Company and the Participant agree that the Award is
governed by this Notice and by the provisions of the Restricted Stock Unit
Agreement attached to and made a part of this document.  The Participant acknowledges receipt of a
copy of the Restricted Stock Units Agreement, represents that the Participant
has read and is familiar with its provisions, and hereby accepts the Award
subject to all of its terms and conditions.


 


	
  bebe stores,
  inc.

  	
  PARTICIPANT

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By: 

  	
  /s/ John E. Kyees

  	
   

  	
  /s/ Robert
  M. Jaffe

  
	
   

  	
   

  	
   

  	
  Signature

  
	
  Its:

  	
  CFO & CAO

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Date

  
	
  Address:

  	
  400 Valley
  Drive

  	
   

  	
   

  
	
   

  	
  Brisbane,
  California 94005

  	
   

  	
  Address

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
					



 


ATTACHMENTS:  Restricted Stock Units Agreement and 1997
Stock Plan


 


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