UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this 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 MURPHY, MICHAEL E 20 SOUTH CLARK STREET SUITE 2222 CHICAGO, IL 60603 USA 2. Issuer Name and Ticker or Trading Symbol BASSETT FURNITURE INDUSTRIES, INC. BSET 3. IRS or Social Security Number of Reporting Person (Voluntary) 030-26-9391 4. Statement for Month/Year April 25, 2002 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other (specify below) 7. 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 |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 Month |ect(I)| | ___________________________________________________________________________________________________________________________________| COMMON STOCK | | | | | | |4,980 |I |LIMITED | -----------------------------------------------------------------------------------------------------------------------------------| COMMON |4-01-0|J* |V|487 |A |20.51 |487 |D | | |2 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| *STOCK AWARDED IN LIEU OF C| | | | | | | | | | ASH--BOARD OF DIRECTORS FEE| | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 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 | | | |Month |(I)| | ___________________________________________________________________________________________________________________________________| *OPTION (RIGHT TO BUY)|27.75 | | | | | |5-07-|11-06|COMMON |2,500 | |2,500 |D | | | | | | | | |98 |-07 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| *OPTION (RIGHT TO BUY)|30.75 | | | | | |10-01|3-31-|COMMON |1,000 | |1,000 |D | | | | | | | | |-98 |08 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| *OPTION (RIGHT TO BUY)|23.00 | | | | | |10-01|3-31-|COMMON |1000 | |1000 |D | | | | | | | | |-99 |09 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| *OPTION (RIGHT TO BUY)|14.00 | | | | | |10-03|4-02-|COMMON |1000 | |1000 |D | | | | | | | | |-00 |10 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| *OPTION (RIGHT TO BUY)|12.5625 | | | | | |10-02|4-01-|COMMON |1000 | |1000 |D | | | | | | | | |-01 |11 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| *OPTION (RIGHT TO BUY)|20.51 |4-01-|A |V|1000 |A |10-01|3-31-|COMMON |1000 | |1000 |D | | | |02 | | | | |-02 |12 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________| Explanation of Responses: *GRANTED UNDER THE 1993 STOCK PLAN FOR NON-EMPLOYEE DIRECTORS. SIGNATURE OF REPORTING PERSON MICHAEL E MURPHY DATE APRIL 25, 2002