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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	Yes	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	Acquisiton	2011-07-25	39,620	$0.37	39,620	No	4	M	Direct
Common Stock	Disposition	2011-07-25	39,620	$18.60	0	No	4	S	Direct
Common Stock	Disposition	2011-07-25	27,560	$18.60	790	No	4	S	Indirect	By Pura Vida

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct
No	4	S	Indirect	By Pura Vida

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	STOCK OPTION (RIGHT TO BUY)	Disposition	2011-07-25	39,260	$0.37	39,620	$0.37
Common Stock	STOCK OPTION (RIGHT TO BUY)	Acquisiton	2011-07-27	28,000	$0.00	28,000	$19.99

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
45,318		2017-08-27	No	4	M	Direct
28,000		2021-07-27	No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	13,650	Indirect	By Monarch Partners

Footnotes

The Reporting Person is the manager of Pura Vida Investment Capital ("Pura Vida") and holds voting and dispositive power of the shares and the options held by Pura Vida. The Reporting Person may be deemed to indirectly beneficially own the shares and options held by Pura Vida, but disclaims beneficial ownership of such shares and options except to extent of his pecuniary interest therein.
The Reporting Person is the manager of Monarch Partners and holds voting and dispositive power of the shares and the options held by Monarch Partners. The Reporting Person may be deemed to indirectly beneficially own the shares and options held by Monarch Partners, but disclaims beneficial ownership of such shares and options except to extent of his pecuniary interest therein.
The shares are fully vested and exercisable.
Represents the public offering price of $20.00 per common share less the underwriter's discount of $1.40 per common share.
The option vests (i) with respect to 33% of the shares underlying the option, on July 27, 2012; and (ii) with respect to the remaining 67% of the shares underlying the option, in twenty-four substantially equal installments on each monthly anniversary thereafter.