X0303 4 2010-05-26 1 0000940181 SKILLSOFT PUBLIC LIMITED CO SKIL 0001282793 MEAGHER WILLIAM F JR 170 RICHARDSON DRIVE NEEDHAM MA 02492 1 0 0 0 American Depositary Shares 2010-05-26 4 D 0 3500 D 0 D Option to Purchase Ordinary Shares 10.75 2010-05-26 4 D 0 25000 D 2014-03-04 Ordinary Shares 25000 0 D Option to Purchase Ordinary Shares 5.65 2010-05-26 4 D 0 10000 D 2015-01-01 Ordinary Shares 10000 0 D Option to Purchase Ordinary Shares 5.50 2010-05-26 4 D 0 10000 D 2016-01-01 Ordinary Shares 10000 0 D Option to Purchase Ordinary Shares 6.21 2010-05-26 4 D 0 10000 D 2017-01-01 Ordinary Shares 10000 0 D Option to Purchase Ordinary Shares 9.56 2010-05-26 4 D 0 20000 D 2018-01-01 Ordinary Shares 20000 0 D Option to Purchase Ordinary Shares 7.14 2010-05-26 4 D 0 20000 D 2019-01-01 Ordinary Shares 20000 0 D Option to Purchase Ordinary Shares 10.48 2010-05-26 4 D 0 20000 D 2020-01-01 Ordinary Shares 20000 0 D American Depositary Shares ("ADS") evidenced by American Depositary Receipts, each of which represents one Ordinary Share of SkillSoft Public Limited Company, nominal value 0.11 (Euro) per Ordinary Share. These ADSs are held in the name of the Reporting Person, and were disposed of pursuant to the Transaction Agreement regarding a scheme of arrangement (the "Transaction Agreement") between issuer and SSI Investments III Limited ("SSI") in exchange for a cash payment of $39,375.00 ($11.25 per ADS), subject to applicable tax withholding and an ADS cancellation fee. Each issued and outstanding Ordinary Share of the issuer, or option to purchase an ordinary share of the issuer, is represented by one ADS. This option, which was 100% vested on 3/4/08, was cancelled pursuant to the Transaction Agreement, in exchange for a cash payment of $12,500.00 representing the difference between the exercise price of the option and the consideration of $11.25 per share paid pursuant to the Transaction Agreement, subject to applicable tax withholding. This option, which was 100% vested on 1/1/09, was cancelled pursuant to the Transaction Agreement, in exchange for a cash payment of $56,000.00 representing the difference between the exercise price of the option and the consideration of $11.25 per share paid pursuant to the Transaction Agreement, subject to applicable tax withholding. This option, which was 100% vested on 1/1/07, was cancelled pursuant to the Transaction Agreement, in exchange for a cash payment of $57,500.00 representing the difference between the exercise price of the option and the consideration of $11.25 per share paid pursuant to the Transaction Agreement, subject to applicable tax withholding. This option, which was 100% vested on 1/1/08, was cancelled pursuant to the Transaction Agreement, in exchange for a cash payment of $50,400.00 representing the difference between the exercise price of the option and the consideration of $11.25 per share paid pursuant to the Transaction Agreement, subject to applicable tax withholding. This option, which was 100% vested on 1/1/09, was cancelled pursuant to the Transaction Agreement, in exchange for a cash payment of $33,800.00 representing the difference between the exercise price of the option and the consideration of $11.25 per share paid pursuant to the Transaction Agreement, subject to applicable tax withholding. This option, which was 100% vested on 1/1/10, was cancelled pursuant to the Transaction Agreement, in exchange for a cash payment of $82,200.00 representing the difference between the exercise price of the option and the consideration of $11.25 per share paid pursuant to the Transaction Agreement, subject to applicable tax withholding. This option, which vests 100% on 1/1/11, was cancelled pursuant to the Transaction Agreement, in exchange for a cash payment of $15,400.00 representing the difference between the exercise price of the option and the consideration of $11.25 per share paid pursuant to the Transaction Agreement, subject to applicable tax withholding. /s/Greg Porto (for William Meagher) 2010-05-27