FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response... 0.5

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person * Yang Wendy W 2. Date of Event Requiring Statement (MM/DD/YYYY) 6/25/2020
3. Issuer Name and Ticker or Trading Symbol DECKERS OUTDOOR CORP [DECK]
(Last) (First) (Middle) 250 COROMAR DRIVE 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director_____ 10% Owner
___X___ Officer (give title below)_____ Other (specify below)
President, PLG /
(Street) GOLETA, CA 93117 (City) (State) (Zip) 5. If Amendment, Date Original Filed(MM/DD/YYYY)
7/10/2020
6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 23061(1) D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Stock Options (Right to Buy)(2)(3) Common Stock 14383 $69.29 D

Explanation of Responses:
(1) Refer to Exhibit 99 for additional information.
(2) 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.
(3) The Performance Stock Options will expire on June 13, 2024, subject to earlier expiration as described in the Performance Stock Option Agreement.

Remarks:
This amended form was filed to attach the Exhibit 99.

Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Yang Wendy W
250 COROMAR DRIVE
GOLETA, CA 93117


President, PLG

Signatures
/s/ Lisa Bereda for Wendy Yang as Attorney in Fact 8/17/2020
**Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Includes (i) 578 time-based Restricted Stock Units (RSUs) granted in June 2017 which shares vest as to 100% on August 15, 2020, (ii) 578 performance-based Restricted Stock Units (PSUs) granted in June 2017, which shares vest as to 100% on August 15, 2020, (iii) 522 time-based Restricted Stock Units (RSUs) granted in September 2017 which shares vest as to 100% on September 15, 2020 (iv) 702 time-based Restricted Stock Units (RSUs) granted in June 2018 which shares vest as to 50% on August 15, 2020 and 2021, (v) 702 performance-based Restricted Stock Units (PSUs) granted in June 2018, which shares vest as to 50% on August 15, 2020 and 2021, (vi) 864 time-based Restricted Stock Units (RSUs) granted in June 2019 which shares vest as to 33.3% on August 15, 2020, 2021, and 2022 (vii) 864 performance-based Restricted Stock Units (PSUs) granted in June 2019, which shares vest as to 33.3% on August 15, 2020, 2021, and 2022, (viii) 747 time-based Restricted Stock Units (RSUs) granted in June 2020 which shares vest as to 33.3% on August 15, 2021, 2022, and 2023, (ix) 6,238 Long Term Incentive Performance-Based RSUs (the LTIP Performance RSUs) granted in September 2018 which may vest subject to the Issuers achievement with respect to pre-established Pre-Tax Income and Revenue targets for the fiscal year ending March 31, 2021 (the Performance Criteria), (x) 6,124 LTIP Performance RSUs granted in September 2019 which may vest subject to the Issuers achievement with respect to the Performance Criteria for the fiscal year ending March 31, 2022. The number of LTIP Performance RSUs that will vest on March 31, 2021 and 2022 will be determined based on the Issuers level of achievement with respect to the specific Performance Criteria. If the Performance Criteria is not achieved at the threshold level, no vesting will occur and the LTIP Performance RSUs will be cancelled. The amounts listed are the maximum number of LTIP Performance RSUs that may vest. All RSUs, PSUs, and LTIP Performance RSUs are settled in shares of the Company's Common Stock.

Attachments

  • Original document
  • Permalink

Disclaimer

Deckers Outdoor Corporation published this content on 17 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2020 15:34:05 UTC