Shares Vest Type Full Vest Expiration 2,133 On Vest Date 11/01/03 06/01/04

Exhibit 10.15

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.

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.

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:

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.

ATTACHMENTS:  Restricted Stock Units Agreement and 1997 Stock Plan

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