HARRISON LARISA - 4 filing on 2014-04-01

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

HARRISON LARISA

(Last)

(First)

(Middle)

4529 RITHETWOOD DRIVE

(Street)

SAANICH

V8X 4J5

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CRAILAR TECHNOLOGIES INC [ CRLRF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Corp Admin Officer & Corp Sec

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2014

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Options (right to buy)	$1.36	03/27/2014		A		50,000		03/27/2014⁽²⁾	03/27/2019	Common Stock	50,000	⁽¹⁾	50,000⁽³⁾	D
Options (right to buy)	$1.36	03/27/2014		A		185,000		03/27/2014⁽²⁾	03/27/2019	Common Stock	185,000	⁽¹⁾	185,000⁽⁴⁾	I	By Spouse

Explanation of Responses:

1. Granted pursuant to and in accordance with the Company's 2011 Fixed Stock Option Plan.

2. The options are subject to vesting provisions such that the options vest over a twelve month period with 1/12th of the aggregate amount vesting monthly commencing one month from the date of grant.

3. In addition to the 50,000 options reported herein, the Reporting Person also owns (i) 119,938 options exercisable into shares @ $1.02 expiring on August 9, 2015, (ii) 125,000 options exercisable into shares at $0.87 per share expiring on November 25, 2015, (iii) 125,000 options exercisable into shares at $2.77 per share expiring on August 19, 2016, and (iv) 155,000 options exercisable into shares at $2.23 per share expiring on October 11, 2017.

4. In addition to the 185,000 options reported herein, the Reporting Person's spouse also owns (i) 300,000 options exercisable into shares at $1.17 per share expiring on October 20, 2014, (ii) 119,939 options exercisable into shares @ $1.02 expiring on August 9, 2015, (iii) 125,000 options exercisable into shares at $0.87 per share expiring on November 25, 2015, (iv)100,000 options exercisable into shares at $1.55 per share expiring on April 8, 2016, (v) 125,000 options exercisable into shares at $2.77 per share expiring on August 19, 2016, and (vi) 180,000 options exercisable into shares at $2.23 per share expiring on October 11, 2017

	/s/ Larisa Harrison	04/01/2014
	** Signature of Reporting Person	Date
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