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 *
Alderson Robert E
  2. Issuer Name and Ticker or Trading Symbol
KIRKLAND'S, INC [KIRK]
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 KIRKLAND'S, INC., 5310 MARYLAND WAY
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2015
(Street)

BRENTWOOD, TN 37027
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 03/03/2015   M   45,593 A $ 2.03 677,654 D  
Common Stock 03/03/2015   M   10,289 A $ 8.9 687,943 D  
Common Stock 03/03/2015   M   22,499 A $ 6.54 710,442 D  
Common Stock 03/03/2015   M   33,206 A $ 8.9 743,648 D  
Common Stock 03/03/2015   M   3,628 A $ 19.06 747,276 D  
Common Stock 03/03/2015   M   6,743 A $ 12.33 754,019 D  
Common Stock 03/03/2015   M   10,675 A $ 10.93 764,694 D  
Common Stock 03/03/2015   M   2,281 A $ 15.79 766,975 D  
Common Stock 03/03/2015   M   3,168 A $ 18.46 770,143 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Stock Option(right to buy) $ 2.03 03/03/2015   M     45,593   (1) 07/25/2018 Common Stock 45,593 $ 0 4,407 D  
Stock Option(right to buy) $ 2.03 03/03/2015   F     4,407   (1) 07/25/2018 Common Stock 4,407 $ 0 0 D  
Stock Option(right to buy) $ 8.9 03/03/2015   M     10,289   (2) 06/08/2019 Common Stock 10,289 $ 0 6,480 D  
Stock Option(right to buy) $ 8.9 03/03/2015   F     6,480   (2) 06/08/2019 Common Stock 6,480 $ 0 0 D  
Stock Option(right to buy) $ 6.54 03/03/2015   M     22,499   (3) 05/09/2016 Common Stock 22,499 $ 0 27,501 D  
Stock Option(right to buy) $ 6.54 03/03/2015   F     27,501   (3) 05/09/2016 Common Stock 27,501 $ 0 0 D  
Stock Option(right to buy) $ 8.9 03/03/2015   M     33,206   (2) 06/08/2019 Common Stock 33,206 $ 0 60,025 D  
Stock Option(right to buy) $ 8.9 03/03/2015   F     60,025   (2) 06/08/2019 Common Stock 60,025 $ 0 0 D  
Stock Option(right to buy) $ 19.06 03/03/2015   M     3,628   (4) 06/08/2020 Common Stock 3,628 $ 0 32,622 D  
Stock Option(right to buy) $ 19.06 03/03/2015   F     32,622   (4) 06/08/2020 Common Stock 32,622 $ 0 0 D  
Stock Option(right to buy) $ 12.33 03/03/2015   M     6,743   (5) 06/01/2021 Common Stock 6,743 $ 0 18,257 D  
Stock Option(right to buy) $ 12.33 03/03/2015   F     18,257   (5) 06/01/2021 Common Stock 18,257 $ 0 0 D  
Stock Option(right to buy) $ 10.93 03/03/2015   M     10,675   (6) 05/30/2022 Common Stock 10,675 $ 0 24,325 D  
Stock Option(right to buy) $ 10.93 03/03/2015   F     24,325   (6) 05/30/2022 Common Stock 24,325 $ 0 0 D  
Stock Option(right to buy) $ 15.79 03/03/2015   M     2,281   (7) 06/04/2023 Common Stock 2,281 $ 0 10,219 D  
Stock Option(right to buy) $ 15.79 03/03/2015   F     10,219   (7) 06/04/2023 Common Stock 10,219 $ 0 0 D  
Stock Option(right to buy) $ 18.46 03/03/2015   M     3,168   (8) 06/12/2024 Common Stock 3,168 $ 0 24,332 D  
Stock Option(right to buy) $ 18.46 03/03/2015   F     24,332   (8) 06/12/2024 Common Stock 24,332 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Alderson Robert E
C/O KIRKLAND'S, INC.
5310 MARYLAND WAY
BRENTWOOD, TN 37027
  X      

Signatures

 /s/ Adam Holland, Attorney In Fact for Robert E. Alderson   03/05/2015
**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) These options became exercisable as to 33.33% of such shares on July 25, 2009 and as to 8.33% of such shares at the end of the next eight calendar quarters.
(2) These options became exercisable as to 50% of such shares on June 8, 2010 and as to 12.5% of such shares at the end of the next four calendar quarters.
(3) These options became exercisable as to 33.33% of such shares on May 09, 2007 and as to 8.33% of such shares at the end of the next eight calendar quarters.
(4) These options became exercisable as to 25% of such shares on June 8, 2011 and as to 6.25% per quarter for the next three years.
(5) These options became exercisable as to 25% of such shares on June 1, 2012 and as to 6.25% per quarter for the next three years. Vesting of the unvested options was accelerated upon the reporting person's retirement.
(6) These options became exercisable as to 25% of such shares on May 30, 2013 and as to 6.25% per quarter for the next three years. Vesting of the unvested options was accelerated upon the reporting person's retirement.
(7) These options became exercisable as to 25% of such shares on June 4, 2014 and as to 6.25% per quarter for the next three years. Vesting of the unvested options was accelerated upon the reporting person's retirement.
(8) These options became exercisable as to 25% of such shares on June 12, 2015 and as to 6.25% per quarter for the next three years. Vesting of the unvested options was accelerated upon the reporting person's retirement.

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