U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 4
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
(X) Check 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
BRAMMER, BILLY M
BASSETT FURNITURE INDUSTRIES, INC
P O BOX 626
245 MAIN STREET
BASSETT, VA 24055
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
September 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
EXECUTIVE VICE PRESIDENT
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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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 Year |ect(I)| |
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| | | | | | |14,941 |D | |
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| | | | | | |3,973* |I |WIFE |
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| | | | | | |2,646* |I |TTEE-DAUGHTER |
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| | | | | | |2,646* |I |TTEE-DAUGHTER |
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| | | | | | |1,323* |I |TTEE-SON |
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| | | | | | |1,323* |I |TTEE-SON |
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COMMON STOCK |6-06-9|G |V|400 |A | |1,723* |I |TTEE-DAUGHTER |
|6 | | | | | | | | |
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COMMON STOCK |6-6-96|G |V|400 |A | |1,723* |I |TTEE-DAUGHTER |
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| | | | | | |583* |I |TTEE-GRANDCHILD |
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| | | | | | |571* |I |TTEE-GRANDCHILD |
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| | | | | | |468* |I |TTEE-GRANDCHILD |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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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 | | | |Year |(I)| |
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*OPTION (RIGHT TO BUY)|28.00 | | | | | |1994 |8-31-|COMMON |2,678 | |2,678 |D | |
| | | | | | | |2002 | | | | | | |
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*OPTION (RIGHT TO BUY)|37.40 | | | | | |1994 |1-25-|COMMON |667 | |6,250 |D | |
| | | | | | | |2003 | | | | | | |
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| | | | | | |1995 |" |" |2,673 | | | | |
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| | | | | | |1996 |" |" |2,673 | | | | |
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| | | | | | |1997 |" |" |237 | | | | |
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**OPTION (RIGHT TO BUY|26.25 | | | | | |1-01-|5-04-|COMMON |2,000 | |2,000 |D | |
) | | | | | | |97 |2004 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
*GRANTED UNDER THE 1982 STOCK OPTION PLAN, WHICH IS A RULE 16b-3
PLAN
**GRANTED UNDER THE 1993 LONG TERM INCENTIVE PLAN WHICH IS A RULE 16b-3 PLAN.
SIGNATURE OF REPORTING PERSON
BILLY M. BRAMMER
DATE
9-11-96
