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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
1523496	Jeremy Andrus	C/O Skullcandy, Inc. 1441 West Ute Boulevard, Suite 250 Park City UT 84098	President And Ceo	Yes	Yes	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	2011-07-25	40,335	$18.60	209,313	No	4	S	Direct
Common Stock	Acquisiton	2011-07-25	994,868	$0.00	1,762,572	No	4	C	Indirect	By LLC
Common Stock	Acquisiton	2011-07-25	137,662	$0.00	1,900,234	No	4	C	Indirect	By LLC
Common Stock	Disposition	2011-07-25	190,023	$18.60	1,710,211	No	4	S	Indirect	By LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	C	Indirect	By LLC
No	4	C	Indirect	By LLC
No	4	S	Indirect	By LLC

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Preferred Stock	Disposition	2011-07-25	994,868	$0.00	994,868	$0.00
Common Stock	Series B Preferred Stock	Disposition	2011-07-25	137,662	$0.00	137,662	$0.00
Common Stock	Stock Option (Right to Buy)	Acquisiton	2011-07-25	140,000	$0.00	140,000	$20.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		No	4	C	Indirect
0		No	4	C	Indirect
140,000	2021-07-25	No	4	A	Direct

Footnotes

The Series A Preferred Stock and Series B Preferred Stock (collectively, the "Preferred Stock") converted into the Issuer's common stock on a one-for-one basis upon the closing of the Issuer's initial public offering.
Represents shares (the "Cropston Shares") owned directly by JA Cropston, LLC ("Cropston LLC") and indirectly by the Reporting Person. The Reporting Person and his father, Brent Andrus, are the managers of Cropston, LLC and hold shared voting and dispositive power over the Cropston Shares. The Reporting Person disclaims beneficial ownership of the Cropston Shares except to the extent of his pecuniary interest therein.
The option was granted on 7/25/2011. The options vest in four equal annual installments commencing on the first anniversary of the date of grant.
Represents the public offering price of $20.00 per common share less the underwriter's discount of $1.40 per common share.