DECKERS OUTDOOR CORP — Director's Dealing 2016

Nov 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DECKERS OUTDOOR CORP (DECK)
CIK: 0000910521
Period of Report: 2016-11-21

Reporting Person: Stefano Caroti (President of Omni Channel)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-21	Performance Stock Option (Right to Buy)	$61.86	A	18725	Acquired		Common Stock (18725)	Direct

Footnotes

F1: These options were granted as non-qualified stock options pursuant to the Issuer's 2015 Stock Incentive Plan.

F2: The options will vest as to 100% of the underlying shares upon a determination by the Compensation Committee that the Issuer has achieved a pre-established "Pre-Tax Income" target for the fiscal year ending March 31, 2019. If the Compensation Committee determines that the target has not been met, no vesting will occur and all of the options will expire immediately without any further action by the Issuer or the Reporting Person.

F3: The options will expire on March 31, 2026, subject to earlier expiration as described in the Option Agreement.