FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Koch John Robert
2. Date of Event Requiring Statement (Month/Day/Year)
01/25/2019
3. Issuer Name and Ticker or Trading Symbol
Michaels Companies, Inc. [MIK]
(Last)
(First)
(Middle)
8000 BENT BRANCH DR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP - Stores & Development
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

IRVING, TX 75063
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (right to buy)   (1) 06/28/2028 Common Stock 104,328 $ 19.17 D  
Restricted Stock Units   (2)   (2) Common Stock 17,388 $ (3) D  
Restricted Stock Units   (4)   (4) Common Stock 57,537 $ (3) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Koch John Robert
8000 BENT BRANCH DR
IRVING, TX 75063
      EVP - Stores & Development  

Signatures

Michael J. Veitenheimer, as attorney-in-fact 01/29/2019
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) On June 29, 2018, the reporting person was granted this option to purchase common stock, vesting in four equal annual installments beginning on the first anniversary of the grant date.
(2) On June 29, 2018, the reporting person was granted 17,388 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
(3) Restricted stock units convert into common stock on a one-for-one basis.
(4) On September 10, 2018, the reporting person was granted 57,537 restricted stock units, vesting upon satisfaction of certain performance criteria.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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