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 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 *
KATHWARI M FAROOQ
   2. Issuer Name and Ticker or Trading Symbol
ETHAN ALLEN INTERIORS INC [NYSE:ETH] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman, President, CEO
(Last)
(First)
(Middle)
ETHAN ALLEN INTERIORS INC., ETHAN ALLEN DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
08/01/2003
(Street)

DANBURY, CT 06811		 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
Ethan Allen Common Stock 08/01/2003   A   0 (1) A $ 0 (1) 1,946,313(2) D  
Ethan Allen Common Stock 08/01/2003   A(1)   0 (1) A $ 0 (1) 208,050(3) I Mr. Kathwari disclaims beneficial ownership - see footnote 2

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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
Ethan AllenCommon Stock - Options $35.52 08/01/2003   A   200,000   08/01/2004 08/01/2013 Ethan Allen Common Stock Options 200,000 $ 0 3,200,050 D  
Ethan Allen Common Stock - Options $35.52 08/01/2003   A   200,000   08/01/2005 08/01/2013 Ethan Allen Common Stock - Options 200,000 $ 0 3,400,050 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KATHWARI M FAROOQ
ETHAN ALLEN INTERIORS INC.
ETHAN ALLEN DRIVE
DANBURY, CT 06811		   X   X   Chairman, President, CEO  

Signatures

 M. Farooq Kathwari   08/01/2003
**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) This filing is to report a grant of options only - no change in non-derivative holdings
(2) Table I - Row 5 / Non-Derivative Holdings Includes (a) 1,684,928 shares owned directly by Mr. Kathwari; (b) 235,954 shares issued upon the exercise of stock options, which are included in Mr. Kathwari's direct holdings, but as to which delivery of the shares has been deferred; (c) 21,000 shares of restricted stock owned directly by Mr. Kathwari; (d) 4,431 shares held directly by Mr. Kathwari in the Ethan Allen Retirement Savings Plan;
(3) Table I - Row 5 / Non-Derivative Holdings Includes (e)152,686 shares owned by the Irfan Kathwari Foundation, of which Mr. Kathwari disclaims beneficial ownership; and (f) 55,364 shares owned by immediate family members, of which Mr. Kathwari disclaims beneficial ownership.

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