UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 1. Name and Address of Reporting Person(s) SPECTER, ERIC M. 450 WINKS LANE BENSALEM, PA 19020 2. Issuer Name and Ticker or Trading Symbol CHARMING SHOPPES, INC. (CHRS) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Year 11/01 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) EVP - Chief Financial Officer 7. 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 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code V Amount D Price End of Month I ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 11/27/01 M 9,500 A $0.50000 D Direct Common Stock 11/27/01 F 913 D $5.20000 D Direct Common Stock 11/27/01 M 5,500 A $0.50000 D Direct Common Stock 11/27/01 F 539 D $5.10000 D Direct Common Stock 11/27/01 S 9,500 D $5.20000 35,330 D Direct Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code V A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock Option $0.50000 11/27/01 M 9,500 12/05/94 (1) 12/05/01 (right to buy) Non-Qualified Stock Option $0.50000 11/27/01 M 5,500 12/05/94 (1) 12/05/01 (right to buy) Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Month ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock Option 11/27/01 Common Stock 9,500 D Direct (right to buy) Non-Qualified Stock Option 11/27/01 Common Stock 5,500 0 D Direct (right to buy)Explanation of Responses: (1) Option becomes exercisable for 33 1/3% of the underlying shares annually, beginning on the date indicated. These options are scheduled to expire on December 5, 2001. SIGNATURE OF REPORTING PERSON /S/ SPECTER, ERIC M. DATE 12/07/01