Edgar Filing: Wulff Kevin G

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Wulff Kevin G

2. Issuer Name and Ticker or Trading Symbol
Volcom Inc [VLCM]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

1740 MONROVIA AVENUE

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2011

(Street)

COSTA MESA, CA 92627

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

STOCK OPTION (RIGHT TO BUY)

$ 24.42 ⁽¹⁾

06/23/2011

2,000 ⁽²⁾

05/06/2008

05/06/2018

Common Stock

2,000

$ 0.08 ⁽²⁾

STOCK OPTION (RIGHT TO BUY)

$ 18 ⁽¹⁾

06/23/2011

5,000 ⁽²⁾

12/15/2005

06/29/2015

Common Stock

5,000

$ 6.5 ⁽²⁾

STOCK OPTION (RIGHT TO BUY)

$ 13.47 ⁽¹⁾

06/23/2011

10,000 ⁽²⁾

05/05/2011

05/05/2019

Common Stock

10,000

$ 11.03 ⁽²⁾

STOCK OPTION (RIGHT TO BUY)

$ 13.47 ⁽¹⁾

06/23/2011

2,000 ⁽²⁾

05/05/2010

05/05/2019

Common Stock

2,000

$ 11.03 ⁽²⁾

STOCK OPTION (RIGHT TO BUY)

$ 22.8 ⁽¹⁾

06/23/2011

2,000 ⁽²⁾

05/04/2011

05/04/2020

Common Stock

2,000

$ 1.7 ⁽²⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Wulff Kevin G 1740 MONROVIA AVENUE COSTA MESA, CA 92627	X

Signatures

/s/ DOUGLAS P. COLLIER, ATTORNEY-IN-FACT FOR KEVIN G. WULFF		06/23/2011
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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).
(1)	Reflects the repricing of the Issuer's outstanding stock options that occurred in November 2010 in accordance with the antidilution provisions set forth in the Issuer's Amended and Restated 2005 Incentive Award Plan, pursuant to which the exercise price of each of the Issuer's outstanding stock options was reduced by $1.00 to reflect the $1.00 per share special cash dividend paid on each share of the Issuer's outstanding common stock on November 19, 2010.
(2)	Each of the Issuer's outstanding stock options was cancelled pursuant to the Agreement and Plan of Merger, dated as of May 2, 2011, by and among PPR S.A., Transfer Holdings, Inc. and Volcom, Inc. (the "Merger Agreement") in exchange for the excess, if any, of $24.50 per share over the exercise price per share under such option.

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