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 *

LEDER MARC J 		2. Issuer Name and Ticker or Trading Symbol

SHARPER IMAGE CORP [ SHRP ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

C/O SUN CAPITAL SECURITIES, LLC, 5200 TOWN CENTER CIRCLE, SUITE 470 		3. Date of Earliest Transaction (MM/DD/YYYY)

2/1/2008
(Street)

BOCA RATON, FL 33486
(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   (1) 2/1/2008     A    1250   A $0.00   5027   D    
Common Stock   (2) (3)                2959000   I   See footnote   (2) (3)

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
Directors' Stock Options   (1) $2.12   2/1/2008     A     1250       2/1/2008   2/1/2018   Common Stock   1250   $0.00   1250   D    

Explanation of Responses:
( 1)  These stock and option awards are subject to vesting requirements. The option is immediately exercisable, but subject to repurchase if vesting requirement is not met.
( 2)  SCSF Equities, LLC, a Delaware limited liability company ("SCSF Equities"), is the direct beneficial owner of 2,959,000 shares of common stock reported in Table I. Mr. Leder owns 50% of the membership interests in Sun Capital Securities, LLC, a Delaware limited liability company, which in turn is the general partner of Sun Capital Securities Advisors, LP, a Delaware limited partnership, which in turn is the general partner of Sun Capital Securities Fund, LP, a Delaware limited partnership, which in turn is the managing member of SCSF Equities. Mr. Leder is one of two directors of Sun Capital Securities Offshore Fund, Ltd., a Cayman Islands corporation, which in turn owns a majority of the membership interests of SCSF Equities. Accordingly, Mr. Leder may be deemed to be the indirect beneficial owner of the 2,959,000 shares of common stock directly beneficially owned by SCSF Equities
( 3)  Mr. Leder expressly disclaims beneficial ownership of the shares of common stock reported in Table I directly beneficially owned by SCSF Equities, except to the extent of any pecuniary interest therein. The filing of this form shall not be deemed an admission that Mr. Leder is, for Section 16 purposes or otherwise, the beneficial owner of such shares.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
LEDER MARC J
C/O SUN CAPITAL SECURITIES, LLC
5200 TOWN CENTER CIRCLE, SUITE 470
BOCA RATON, FL 33486 		X



Signatures
James M. Sander for Marc Leder 2/4/2008
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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