DARCY COLM 4

4 · SKILLSOFT PUBLIC LIMITED CO · Filed May 27, 2010

Form 4

Period: 2010-05-26

EVP, Content Development

Transactions

Disposition to Issuer
Option to Purchase Ordinary Shares
2010-05-26−247,556→ 0 total
Exercise: $6.41Exp: 2013-12-05→ Ordinary Shares (247,556 underlying)
Disposition to Issuer
Option to Purchase Ordinary Shares
2010-05-26−50,000→ 0 total
Exercise: $19.06Exp: 2011-04-05→ Ordinary Shares (50,000 underlying)

Footnotes (3)

[F1]Each issued and oustanding Ordinary Share of the issuer, or option to purchase an Ordinary Share of the issuer, is represented by one ADS.
[F2]This option, which vested as to 25% of the shares on 12/05/2007 and as to an additional 1/48th of the shares each month thereafter for 36 months, was cancelled pursuant to the Transaction Agreement, in exchange for a cash payment of $1,198,171.04 representing the difference between the exercise price of the option and the consideration of $11.25 per share paid pursuant to the Transaction Agreement, subject to applicable tax withholding.
[F3]These options were 100% vested at 01/15/2005. Pursuant to the terms of the Transaction Agreement, this option, the exercise price of which exceeds the transaction consideration of $11.25 per share, was cancelled with no consideration paid to the Reporting Person.

Documents

1 file