Volcom (VLCM) Chairman and Executives Adopt Stock Trading Plans

February 25, 2008 4:19 PM EST

Volcom (NASDAQ: VLCM) announced that its Chairman Rene R. Woolcott, President and Chief Executive Officer Richard R. Woolcott, and certain other executive officers have adopted separate pre-arranged stock trading plans under Rule 10b5-1 of the Securities and Exchange Act of 1934. The plans have been entered into for the purposes of financial planning and asset diversification. Rene Woolcott and Richard Woolcott currently hold 2,119,992 and 3,542,566 shares of the company's common stock, respectively, or 8.7% and 14.5%, respectively, of the company's total outstanding common stock. Rene Woolcott and Richard Woolcott's current 10b5-1 plans for sales through April 2008 and July 2008, respectively, are expected to expire pursuant to their terms.

Rene Woolcott may sell up to 600,000 shares from May 2008 through April 2009, with no more than 50,000 shares sold in any one calendar month, except for certain carry-forwards if shares are not sold in prior months, and Richard Woolcott may sell up to 480,000 shares from August 2008 through July 2009, with no more than 40,000 shares sold in any one calendar month, except for certain carry-forwards if shares are not sold in prior months. If the full amount of shares is sold pursuant to the plans, no shares are sold outside of the plans and not including any sales under their current 10b5-1 plans, Rene Woolcott and Richard Woolcott will remain the beneficial owners of over 6.2% and 12.6%, respectively, of the company's common stock based on the number of shares currently outstanding. Sales of the shares under both of the plans will be subject to pre-determined minimum price terms.

Other executives that entered into stock trading plans to sell up to an aggregate of 167,000 shares of the company's common stock or common stock underlying options include the following:

Maximum Number of
Shares to be Sold
Name Position Under Plan
------------------ --------------------------- -----------------------
Douglas P. Collier Chief Financial Officer 96,000
Troy C. Eckert Vice President of Marketing 36,000
Tom D. Ruiz Vice President of Sales 35,000

All of the stock trading plans were adopted in accordance with SEC guidelines. Rule 10b5-1 allows corporate insiders to adopt written, pre-arranged stock trading plans to buy or sell a specified number of shares of company stock.

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