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 *
Lloyd Robert Alan
   2. Issuer Name and Ticker or Trading Symbol
GameStop Corp. [GME] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. VP & Chief Acct. Off.
(Last)
(First)
(Middle)
C/O GAMESTOP CORP., 625 WESTPORT PARKWAY		 3. Date of Earliest Transaction (Month/Day/Year)
05/23/2006
(Street)

GRAPEVINE, TX 76051		 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
Class A Common Stock 05/23/2006   M   12,000 A $ 3.5266 12,000 D  
Class A Common Stock 05/23/2006   M   16,400 A $ 18 28,400 D  
Class A Common Stock 05/23/2006   M   9,000 A $ 11.8 37,400 D  
Class A Common Stock 05/23/2006   S   37,400 D $ 44.022 (1) 0 D  
Class A Common Stock 05/24/2006   M   18,600 A $ 18 18,600 D  
Class A Common Stock 05/24/2006   S   18,600 D $ 42.0389 (2) 0 D  

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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) $ 3.5266 05/23/2006   M     12,000 10/08/2005 12/04/2010 Class A Common Stock 12,000 $ 0 0 D  
Stock Option (Right to Buy) $ 18 05/23/2006   M     16,400 10/08/2005 02/13/2012 Class A Common Stock 16,400 $ 0 34,600 D  
Stock Option (Right to Buy) $ 11.8 05/23/2006   M     9,000 10/08/2005(3) 03/25/2013 Class A Common Stock 9,000 $ 0 0 D  
Stock Option (Right to Buy) $ 18 05/24/2006   M     18,600 10/08/2005 02/13/2012 Class A Common Stock 18,600 $ 0 16,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Lloyd Robert Alan
C/O GAMESTOP CORP.
625 WESTPORT PARKWAY
GRAPEVINE, TX 76051		       Sr. VP & Chief Acct. Off.  

Signatures

 /s/ Robert A. Lloyd   05/25/2006
**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) Represents the sale of 37,400 shares in twelve separate transactions at prices ranging from $44.00 to $44.12 per share, resulting in a weighted average sale price per share of $44.022.
(2) Represents the sale of 18,600 shares in eleven separate transactions at prices ranging from $42.00 to $42.10 per share, resulting in a weighted average sale price per share of $42.0389.
(3) Two thirds of these options became exercisable on October 8, 2005, and one third became exercisable on March 26, 2006.

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