On May 17, 2012, Orchard Supply Hardware Stores Corporation, a Delaware corporation (the "Company"), issued a press release announcing preliminary financial results for the first quarter ended April 28, 2012. A copy of the Company's press release is attached hereto as Exhibit 99.1.

(e)

On May 17, 2012, the Company adopted a form of restricted stock units agreement and revised forms of option agreement and restricted stock agreement that will be used for future grants to executive officers and other employees of awards under the Company's 2011 Equity Incentive Plan (the "2011 Plan"), which was filed with the Securities and Exchange Commission as Exhibit 10.33 to the Company's Quarterly Report on Form 10-Q filed on December 22, 2011. The option agreement and restricted stock agreement were modified to clarify certain provisions for awards granted subject to these agreements under the 2011 Plan. The forms of restricted stock units agreement, option agreement and restricted stock agreement are attached hereto as Exhibits 10.1, 10.2 and 10.3, respectively, and are incorporated herein by reference. The description in this Current Report on Form 8-K of the forms of agreement is qualified in its entirety by reference to the attached exhibits.

(d) Exhibits

The following document is attached as an exhibit to this Current Report on Form 8-K:

Exhibit
Number                                    Description

10.1         Form of Restricted Stock Units Agreement under the Orchard Supply
             Hardware Stores Corporation 2011 Equity Inventive Plan.

10.2         Form of Option Agreement under the Orchard Supply Hardware Stores
             Corporation 2011 Equity Inventive Plan.

10.3         Form of Restricted Stock Agreement under the Orchard Supply Hardware
             Stores Corporation 2011 Equity Inventive Plan.

99.1         Press release dated May 17, 2012 regarding preliminary financial
             results for the first quarter ended April 28, 2012.