WARNOCK GREG 4
4 · SKULLCANDY, INC. · Filed Jul 27, 2011
Insider Transaction Report
Form 4
SKULLCANDY, INC.SKUL
WARNOCK GREG
Director
Transactions
- Conversion
COMMON STOCK
2011-07-25+589,316→ 734,874 total(indirect: By Mercato LP) - Sale
COMMON STOCK
2011-07-25$18.60/sh−292,745$5,445,057→ 714,961 total(indirect: By Mercato LP) - Conversion
Series B Preferred Stock
2011-07-25−150,458→ 0 total(indirect: By Mercato QP)→ Common Stock (150,458 underlying) - Conversion
COMMON STOCK
2011-07-25+34,790→ 163,296 total - Conversion
Series A Preferred Stock
2011-07-25−324,982→ 0 total(indirect: By Mercato QP)→ Common Stock (324,982 underlying) - Conversion
COMMON STOCK
2011-07-25+150,458→ 555,730 total(indirect: By Mercato QP) - Conversion
Series A Preferred Stock
2011-07-25−589,316→ 0 total(indirect: By Mercato LP)→ Common Stock (589,316 underlying) - Conversion
COMMON STOCK
2011-07-25+272,832→ 1,007,706 total(indirect: By Mercato LP) - Award
Stock Option (Right to Buy)
2011-07-27+28,000→ 28,000 totalExercise: $19.99Exp: 2021-07-27→ Common Stock (28,000 underlying) - Sale
COMMON STOCK
2011-07-25$18.60/sh−20,446$380,296→ 142,850 total - Conversion
COMMON STOCK
2011-07-25+324,982→ 405,272 total(indirect: By Mercato QP) - Sale
COMMON STOCK
2011-07-25$18.60/sh−161,435$3,002,691→ 394,295 total(indirect: By Mercato QP) - Conversion
Series A Preferred Stock
2011-07-25−34,790→ 0 total→ Common Stock (34,790 underlying) - Conversion
Series B Preferred Stock
2011-07-25−272,832→ 0 total(indirect: By Mercato LP)→ Common Stock (272,832 underlying)
Footnotes (6)
- [F1]Represents shares held by Mercato Partners QP, L.P. ("Mercato QP").
- [F2]Represents shares held by Mercato Partners L.P. ("Mercato LP").
- [F3]The Series A Preferred Stock and Series B Preferred Stock (collectively, the "Preferred Stock") converted into the Issuers common stock on a one for one basis upon the closing of the Issuer's initial public offering and had no expiration date.
- [F4]The Reporting Person is a director of the Issuer. The Reporting Person and Alan Hall are managing directors of Mercato LP and Mercato QP, and have voting and dispositive power of the common stock held by Mercato QP and Mercato LP (reported on Table I) and the Preferred Stock held by Mercato QP and Mercato LP (reported on Table II). Mercato Partners, LLC (Mercato LLC") is the general partner of Mercato QP and Mercato LP. Messrs. Warnock and Hall disclaim beneficial ownership of the shares held by Mercato QP and Mercato LP except to the extent of their pecuniary interests therein.
- [F5]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.
- [F6]Represents the public offering price of $20.00 per common share less the underwriter's discount of $1.40 per common share.