FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Amato Anthony Paul 		2. Issuer Name and Ticker or Trading Symbol

SKILLSOFT PUBLIC LIMITED CO [ SKIL ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Accounting Officer
(Last)          (First)          (Middle)

107 NORTHEASTERN BLVD 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/26/2010
(Street)

NASHUA, NH 03062
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Ordinary Shares   5/26/2010     M    75000   A $3.66   75000   D    
Ordinary Shares   5/26/2010     F    24400   D $11.25   50600   D    
Ordinary Shares   5/26/2010     S    50600   D   (1) 0   D    
Oridnary Shares   5/26/2010     M    45000   A $5.99   45000   D    
Ordinary Shares   5/26/2010     F    23960   D $11.25   21040   D    
Ordinary Shares   5/26/2010     S    21040   D   (2) 0   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Option to Purchase Ordinary Shares   $3.66   5/26/2010     M         75000      (3) 5/27/2013   Ordinary Shares   75000   $0   0   D    
Option to Purchase Ordinary Shares   $5.99   5/26/2010     M         45000      (4) 6/12/2013   Ordinary Shares   45000   $0   0   D    
Option to Purchase Ordinary Shares   $12.50   5/26/2010     D         25000      (5) 12/5/2013   Ordinary Shares   25000     (5) 0   D    

Explanation of Responses:
( 1)  These shares 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 $569,250 ($11.25 per share), subject to applicable tax withholding.
( 2)  These shares were disposed of pursuant to the Transaction Agreement for a cash payment of $236,700 ($11.25 per share), subject to applicable tax withholding.
( 3)  This option was 100% vested at May 1, 2007.
( 4)  25% of the shares subject to this option vested on June 12, 2007, and an additional 1/48th of the shares subject to this option vest each month thereafter for 36 months.
( 5)  This option was fully vested at April 20, 2008. Pursuant to the terms of the Transaction Agreement, this option, the exercise price of which exceeds the transaction consideration of $11.25 per share, was cancelled with no consideration paid to the Reporting Person.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Amato Anthony Paul
107 NORTHEASTERN BLVD
NASHUA, NH 03062

Chief Accounting Officer

Signatures
Anthony Amato 5/27/2010
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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