Compass Diversified Holdings — Director's Dealing 2009

May 11, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Compass Diversified Holdings (CODI)
CIK: 0001345126
Period of Report: 2009-05-07

Reporting Person: MASSOUD I JOSEPH (See Remarks (a))

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-07	Shares	P	300	$9.05	Acquired	280725	Indirect
2009-05-07	Shares	P	100	$9.08	Acquired	280825	Indirect
2009-05-07	Shares	P	200	$9.10	Acquired	281025	Indirect
2009-05-07	Shares	P	199	$9.11	Acquired	281224	Indirect
2009-05-07	Shares	P	100	$9.14	Acquired	281324	Indirect
2009-05-07	Shares	P	200	$9.15	Acquired	281524	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Shares	113515	Direct

Footnotes

F1: Each Share represents one undivided beneficial interest in Compass Diversified Holdings (the "Trust") property and corresponds to one trust interest of Compass Group Diversified Holdings LLC held by the Trust.

F2: The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Pharos I LLC on May 29, 2008.

F3: Amounts with respect to Mr. Massoud reflect his beneficial ownership of Shares through his interest in, and control as Managing Member of, Pharos I LLC.