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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1423542	Skullcandy Inc.	SKUL	Household Audio & Video Equipment (3651)	562362196

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1521855	Jeff Kearl	C/O Skullcandy, Inc. 1441 West Ute Boulevard, Suite 250 Park City UT 84098		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2012-08-23	103,350	$15.11	69,807	No	4	S	Direct
Common Stock	Disposition	2012-08-24	51,600	$14.60	18,207	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	13,650	Indirect	BY MONARCH PARTNERS

Footnotes

Represents shares of Issuer common stock sold for estate planning purposes.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $14.80 to $15.61, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $14.42 to $14.79, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
The reporting person is the manager of Monarch Partners and holds voting and dispositive power of the shares held by Monarch Partners. The reporting person may be deemed to indirectly beneficially own the shares held by Monarch Partners, but disclaims beneficial ownership of such shares except to extent of his pecuniary interest therein.