DECKERS OUTDOOR CORP — Director's Dealing 2020

Jul 11, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DECKERS OUTDOOR CORP (DECK)
CIK: 0000910521
Period of Report: 2020-06-25

Reporting Person: Yang Wendy W (N/A)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	23061	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Stock Options (Right to Buy)	$69.29		Common Stock (14383)		Direct

Footnotes

F1: Refer to Exhibit 99 for additional information.

F2: The Performance Stock Options were granted as non-qualified stock options pursuant to the Issuer's 2015 Stock Incentive Plan. The Performance Stock Options vest subject to the Issuer's achievement of a pre-established "Pre-Tax Income" target for the fiscal year ending March 31, 2020. If the performance target is not met, no vesting will occur and the Performance Stock Options will be cancelled. The Performance Stock Options will be exercisable for the Issuer's common stock upon satisfaction of the vesting conditions.

F3: The Performance Stock Options will expire on June 13, 2024, subject to earlier expiration as described in the Performance Stock Option Agreement.