SEC FORM 4

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^*

Holman Brad

(Last)

(First)

(Middle)

15202 GRAHAM STREET

(Street)

HUNTINGTON BEACH

92649

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
QUIKSILVER INC [ zqk ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, Corporate Controller

3. Date of Earliest Transaction (Month/Day/Year)
05/17/2010

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to buy)	$9	05/17/2010	05/17/2010	D			8,000	12/26/2008⁽¹⁾	12/27/2017	Common stock	8,000	$5.08⁽²⁾	0	D
Employee stock option (Right to buy)	$13.77	05/17/2010	05/17/2010	D			7,000	12/27/2006⁽³⁾	12/28/2015	Common stock	7,000	$5.08⁽²⁾	0	D
Employee stock option (Right to buy)	$14.975	05/17/2010	05/17/2010	D			10,000	12/06/2005⁽⁴⁾	12/07/2014	Common stock	10,000	$5.08⁽²⁾	0	D
Employee stock option (Right to buy)	$15.55	05/17/2010	05/17/2010	D			5,000	12/20/2007⁽⁵⁾	12/21/2016	Common stock	5,000	$5.08⁽²⁾	0	D
Employee stock option (Right to buy)	$5.08	05/18/2010	05/18/2010	A		16,333		05/18/2011⁽⁶⁾	05/19/2015	Common stock	16,333	$5.08⁽²⁾	16,333	D

Explanation of Responses:

1. The option provided for vesting in three equal installments beginning on December 26, 2008.

2. On May 17, 2010, the issuer canceled, pursuant to the issuer's option exchange program, options for 8,000, 7,000, 10,000 and 5,000 shares of Quiksilver, Inc. common stock granted to the reporting person on December 26, 2007, December 27, 2005, December 6, 2004 and December 20, 2006, respectively. In exchange, the reporting person received a replacement option, for 16,333 shares, having an exercise price of $5.08 per share.

3. The option provided for vesting in three equal installments beginning on December 27, 2006.

4. The option provided for vesting in three equal installments beginning on December 6, 2005.

5. The option provided for vesting in three equal installments beginning on December 20, 2007.

6. The option vests with respect to 15,444 shares on May 18, 2011 and with respect to the remaining 889 shares on May 18, 2012.

	Brad Holman	06/01/2010
	** 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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