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 *
CASTAGNA EUGENE A
  2. Issuer Name and Ticker or Trading Symbol
BED BATH & BEYOND INC [BBBY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CFO and Treasurer
(Last)
(First)
(Middle)
C/O BED BATH & BEYOND INC., 650 LIBERTY AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
11/23/2007
(Street)

UNION, NJ 07083
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
Common Stock, par value $0.01 per share 11/23/2007   M   5,600 A $ 11.8282 55,417 D  
Common Stock, par value $0.01 per share 11/23/2007   M   12,000 A $ 16.125 67,417 D  
Common Stock, par value $0.01 per share 11/23/2007   M   24,000 A $ 11.4688 91,417 D  
Common Stock, par value $0.01 per share 11/23/2007   S   400 D $ 30.41 91,017 D  
Common Stock, par value $0.01 per share 11/23/2007   S   400 D $ 30.43 90,617 D  
Common Stock, par value $0.01 per share 11/23/2007   S   200 D $ 30.44 90,417 D  
Common Stock, par value $0.01 per share 11/23/2007   S   200 D $ 30.45 90,217 D  
Common Stock, par value $0.01 per share 11/23/2007   S   300 D $ 30.46 89,917 D  
Common Stock, par value $0.01 per share 11/23/2007   S   2,740 D $ 30.47 87,177 D  
Common Stock, par value $0.01 per share 11/23/2007   S   800 D $ 30.475 86,377 D  
Common Stock, par value $0.01 per share 11/23/2007   S   960 D $ 30.48 85,417 D  
Common Stock, par value $0.01 per share 11/23/2007   S   7,200 D $ 30.49 78,217 D  
Common Stock, par value $0.01 per share 11/23/2007   S   700 D $ 30.495 77,517 D  
Common Stock, par value $0.01 per share 11/23/2007   S   9,600 D $ 30.5 67,917 D  
Common Stock, par value $0.01 per share 11/23/2007   S   4,773 D $ 30.51 63,144 D  
Common Stock, par value $0.01 per share 11/23/2007   S   1,200 D $ 30.52 61,944 D  
Common Stock, par value $0.01 per share 11/23/2007   S   1,327 D $ 30.53 60,617 D  
Common Stock, par value $0.01 per share 11/23/2007   S   1,700 D $ 30.54 58,917 D  
Common Stock, par value $0.01 per share 11/23/2007   S   1,100 D $ 30.55 57,817 D  
Common Stock, par value $0.01 per share 11/23/2007   S   1,000 D $ 30.57 56,817 D  
Common Stock, par value $0.01 per share 11/23/2007   S   2,800 D $ 30.58 54,017 D  
Common Stock, par value $0.01 per share 11/23/2007   S   4,200 D $ 30.59 49,817 D  

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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) $ 11.8282 11/23/2007   M     5,600   (1) 05/27/2008 Common Stock 5,600 $ 0 0 D  
Employee Stock Option (right to buy) $ 16.125 11/23/2007   M     12,000   (1) 05/26/2009 Common Stock 12,000 $ 0 0 D  
Employee Stock Option (right to buy) $ 11.4688 11/23/2007   M     24,000   (2) 03/13/2010 Common Stock 24,000 $ 0 24,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CASTAGNA EUGENE A
C/O BED BATH & BEYOND INC.
650 LIBERTY AVENUE
UNION, NJ 07083
      CFO and Treasurer  

Signatures

 /s/ Ori Solomon - Attorney-in-Fact   11/26/2007
**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 stock option is fully exercisable.
(2) The 24,000 stock options which were exercised were exercisable only during calendar year 2007. The remaining 24,000 stock options are exercisable only during calendar year 2008.

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