SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* PTARMIGAN, LLC (Last) (First) (Middle) 38 VIA DIVERTIRSE (Street) SAN CLEMENTE CA 92673 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 07/19/2011	3. Issuer Name and Ticker or Trading Symbol SKULLCANDY, INC. [ SKUL ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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	7,735,532(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: 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

1. Name and Address of Reporting Person* PTARMIGAN, LLC (Last) (First) (Middle) 38 VIA DIVERTIRSE (Street) SAN CLEMENTE CA 92673 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ALDEN IRREVOCABLE TRUST (Last) (First) (Middle) C/O SKULLCANDY, INC. 1441 WEST UTE BOULEVARD, SUITE 250 (Street) PARK CITY UT 84098 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Represents shares held by Ptarmigan, LLC ("Ptarmigan"). The sole member of Ptarmigan is The Alden Irrevocable Trust (the "Alden Trust"). The spouse and children of Rick Alden, a director of the Issuer, are the beneficiaries of the Alden Trust. Jeff Kearl, a director of the Issuer, serves as the manager of Ptarmigan and trustee of the Alden Trust and holds voting and dispositive power of the securities reported herein, but has no pecuniary interest in such shares. Mr. Kearl has separately filed a Form 3 reporting his relationship as a director of the Issuer, and as a 10% beneficial owner due to his position as manager of Ptarmigan and trustee of the Alden Trust, and has noted therein that he has no pecuniary interest in the shares held by Ptarmigan and the Alden Trust.

	/S/ Jeff Kearl, Manager of Ptarmigan, LLC	07/19/2011
	/S/ Jeff Kearl, Authorized Trustee of The Alden Irrevocable Trust	07/19/2011
	** 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).
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