SEC Form 5

FORM 5		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL 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	OMB APPROVAL OMB Number: 3235-0362 Estimated average burden hours per response: 1.0
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X	Form 3 Holdings Reported.
X	Form 4 Transactions Reported.

1. Name and Address of Reporting Person* WEST COAST ASSET MANAGEMENT INC (Last) (First) (Middle) 2151 ALESSANDRO DRIVE SUITE 100 (Street) VENTURA CA 93001 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol 4 KIDS ENTERTAINMENT INC [ KDE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2007
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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 at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock			3				1,857,650	I	See Footnote(1)
Common Stock	07/19/2007		P4	90,600	A	$16.03	1,857,650	I	See Footnote(1)
Common Stock	11/15/2007		P4	25,000	A	$15.25	1,857,650	I	See Footnote(1)
Common Stock	12/03/2007		P4	247,330	A	$11.76	1,857,650	I	See Footnote(1)

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)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* WEST COAST ASSET MANAGEMENT INC (Last) (First) (Middle) 2151 ALESSANDRO DRIVE SUITE 100 (Street) VENTURA CA 93001 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Helfert Lance W (Last) (First) (Middle) 2151 ALESSANDRO DRIVE #100 (Street) VENTURA CA 93001 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Lowe R Atticus (Last) (First) (Middle) 2151 ALESSANDRO DRIVE #100 (Street) VENTURA CA 93001 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Orfalea Paul J (Last) (First) (Middle) 2151 ALESSANDRO DRIVE #100 (Street) VENTURA CA 93001 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The Reporting Persons may be deemed beneficial owners of the shares reported because West Coast Asset Management, Inc.("WCAM") has the power to vote the shares pursuant to investor advisor agreements with the record owners. By virtue of their positions as members of the Investment Committee of WCAM who exercise shared voting and investment power over the shares, Messrs. Paul J. Orfalea, Lance W. Helfert, and R. Atticus Lowe may be deemed indirect beneficial owners, but each disclaims such beneficial ownership except to the extent of his pecuniary interest therein. Of the 1,857,650 shares reported herein, 436,150 shares are held in trust accts., 132,135 shares are held in IRA accts., 474,375 shares are held in Foundation accts., 12,470 shares are held in corporate accts., 675,665 shares are held in high net worth individuals' accts., 42,365 shares are held in LLC accts., 47,615 shares are held in LP accts., and 36,875 shares are held in profit sharing accts. managed by WCAM.

	/s/Linda Schuman, Attorney-in-Fact	02/07/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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