DECKERS OUTDOOR CORP — Director's Dealing 2011

Aug 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DECKERS OUTDOOR CORP (DECK)
CIK: 0000910521
Period of Report: 2011-08-03

Reporting Person: ZIV ZOHAR (COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-03	Common Stock	M	30000	$26.73	Acquired	181474	Direct
2011-08-03	Common Stock	D	7637	$105.01	Disposed	173837	Direct
2011-08-03	Common Stock	D	10439	—	Disposed	163398	Direct
2011-08-04	Common Stock	S	11758	$103.32	Disposed	151640	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-03	Stock Appreciation Right	$26.73	M	30000	Disposed	2017-05-09	Common Stock (30000)	Direct

Footnotes

F1: Shares withheld and not issued to satisfy certain tax withholding obligations incident to the exercise on August 3, 2011 of the Level 1 Stock Appreciation Rights.