X0303 4 2010-08-25 0 0001373980 Heelys, Inc. HLYS 0001469569 Hansen Thomas C C/O HEELYS, INC. 3200 BELMEADE DRIVE, SUITE 100 CARROLLTON TX 75006 1 1 0 0 Chief Executive Officer Common Stock 12500 D Stock Option (right to buy) 2.39 2019-09-24 Common Stock 350000 350000 D Restricted Stock Unit 2010-08-25 4 A 0 190678 0 A Common Stock 190678 190678 D The option vests in four (4) annual installments beginning on September 24, 2010. Each Restricted Stock Unit represents a contingent right to receive one share of common stock of Heelys, Inc. Designated as a performance award. Zero to 100% of the Restricted Stock Units vest on December 31, 2012 based upon Heelys, Inc. meeting earnings per share performance criteria during the period May 1, 2010 and ending December 31, 2012. The maximum number of Restricted Stock Units that may vest is 190,678, Vesting is also subject to the reporting person's continued service to Heelys, Inc. If any of the Restricted Stock Units vest, stock certificates for shares of Heelys, Inc. common stock will be delivered to the reporting person no later than 90 days thereafter. Thomas C. Hansen 2010-12-17