Ownership Submission
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 *
SIEGEL JEFFREY
   2. Issuer Name and Ticker or Trading Symbol
LIFETIME BRANDS, INC [LCUT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman of Board,CEO & Pres
(Last)
(First)
(Middle)
C/O LIFETIME BRANDS, INC, ONE MERRICK AVE		 3. Date of Earliest Transaction (Month/Day/Year)
06/08/2006
(Street)

WESTBURY, NY 11590		 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

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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
Employee Stock Option (Right to buy) $ 29.96 06/08/2006   A   85,000 (1)     (2) 05/02/2011 Common Stock 85,000 (3) 250,000 (4) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SIEGEL JEFFREY
C/O LIFETIME BRANDS, INC
ONE MERRICK AVE
WESTBURY, NY 11590		   X     Chairman of Board,CEO & Pres  

Signatures

 Jeffrey Siegel   06/12/2006
**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) The options were granted on May 2, 2006 subject to stockholder approval of an amendment to the Lifetime Brands, Inc 2000 Long-term Incentive Plan to increase the amount of shares available for grant by 750,000 to 2,500,000, such approval was obtained at the Annual Meeting of Stockholders on June 8, 2006.
(2) The options vest one-third on December 31, 2006 with the balance vesting quarterly in eight equal quarterly installments commencing on March 31, 2007.
(3) Field intentionally left blank in accordance with the instructions to Form 4.
(4) The options to purchase the other 165,000 shares which are not reported on this Form 4 are identical to the options to purchase 85,000 shares reported on this Form 4 except that the options to purchase the 165,000 shares which were previously reported were not subject to the approval of the amendment to the Lifetime Brands, Inc 2000 Long-term Incentive Plan.

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