SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MOLLUSK HOLDINGS LLC

(Last) (First) (Middle)
101 YGNACIO VALLEY ROAD
SUITE 310

(Street)
WALNUT CREEK CA 94596

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LEAPFROG ENTERPRISES INC [ LF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2012
4. 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 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
Class A Common Stock 06/15/2012 S 30,000 (1) D $10.12 2,460,116 (2) D
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
MOLLUSK HOLDINGS LLC

(Last) (First) (Middle)
101 YGNACIO VALLEY ROAD
SUITE 310

(Street)
WALNUT CREEK CA 94596

(City) (State) (Zip)
1. Name and Address of Reporting Person*
CEPHALOPOD CORP

(Last) (First) (Middle)
101 YGNACIO VALLEY ROAD
SUITE 310

(Street)
WALNUT CREEK CA 94596

(City) (State) (Zip)
1. Name and Address of Reporting Person*
LAWRENCE INVESTMENTS LLC

(Last) (First) (Middle)
101 YGNACIO VALLEY ROAD
SUITE 310

(Street)
WALNUT CREEK CA 94596

(City) (State) (Zip)
1. Name and Address of Reporting Person*
ELLISON LAWRENCE JOSEPH

(Last) (First) (Middle)
C/O DELPHI ASSET MGMT CORPORATION
6005 PLUMAS STREET, SUITE 100

(Street)
RENO NV 89519

(City) (State) (Zip)
Explanation of Responses:
1. Sale of shares pursuant to pre-established Rule 10b5-1(c) trading plan, adopted November 16, 2011.
2. The reporting persons other than Mollusk Holdings, LLC disclaim beneficial ownership of these securities except to the extent of their pecuniary interests therein.
/s/ Philip B. Simon, President of Cephalopod Corporation, Member of Mollusk Holdings, LLC 06/18/2012
/s/ Philip B. Simon, President of Cephalopod Corporation 06/18/2012
/s/ Philip B. Simon, President of Lawrence Investments, LLC 06/18/2012
/s/ Philip B. Simon, attorney-in-fact for Mr. Ellison 06/18/2012
** 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 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).
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