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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 8-K</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CURRENT REPORT<BR>
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>May 21,
2012<BR>
</B></FONT>Date of Report (date of earliest event reported)</P>

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    <TD STYLE="padding: 0.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 14pt"><B>LEAPFROG ENTERPRISES, INC.<BR>
    </B></FONT><FONT STYLE="font-size: 10pt">(Exact name of registrant as specified in its charter)</FONT></TD></TR>
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    <TD STYLE="padding: 0.75pt; font-size: 10pt; text-align: center; width: 35%"><B>Delaware<BR>
</B><FONT STYLE="font-size: 10pt">(State or other jurisdiction <BR>
of incorporation)</FONT></TD>
    <TD STYLE="padding: 0.75pt; font-size: 10pt; text-align: center; width: 30%"><B>1-31396<BR>
</B><FONT STYLE="font-size: 10pt">(Commission <BR>
File Number)</FONT></TD>
    <TD STYLE="width: 35%; padding: 0.75pt; font-size: 10pt; text-align: center"><B>95-4652013<BR>
</B><FONT STYLE="font-size: 10pt">(IRS Employer <BR>
Identification No.)</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>6401 Hollis Street, Suite 100<BR>
Emeryville, California 94608-1463<BR>
</B><FONT STYLE="font-size: 10pt">(Address of principal executive offices) (Zip Code)</FONT></P>

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(510) 420-5000</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant's telephone number, including
        area code</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 8.01.&#9;Other Events.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On May 21, 2012, Mollusk Holdings, LLC (&ldquo;Mollusk&rdquo;)
adopted a stock trading plan to sell a portion of its LeapFrog Enterprises, Inc. (the &ldquo;Company&rdquo;) stock. The pre-arranged
stock trading plan (the &ldquo;Trading Plan&rdquo;) is intended to comply with guidelines specified under Rule 10b5-1 promulgated
under the Securities Exchange Act of 1934, as amended, and with the Company&rsquo;s policies regarding stock transactions. Mollusk
is indirectly controlled by Lawrence J. Ellison.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Under the terms of the Trading Plan, Mollusk may sell
up to 3,810,000 shares of Class A common stock, $0.0001 par value per share (&ldquo;Class A Common Stock&rdquo;), with a daily trading
volume not to exceed 30,000 shares. Sales under this plan will not begin prior to July&nbsp;2, 2012. Mollusk currently has a
stock trading plan in effect which expires on June 30, 2012.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mollusk currently holds approximately 6.7 million shares of
Class B common stock, $0.0001 par value per share, and 0.8 million shares of Class A Common Stock,
which together represent approximately 11.3% of the Company&rsquo;s outstanding capital stock and approximately 40.8% of the voting
power of the Company&rsquo;s outstanding capital stock. All shares that are sold under the Trading Plan, to the extent not already
Class A Common Stock, will be converted into Class A Common Stock at or before the time of sale.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

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    <TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold">LeapFrog Enterprises, Inc</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 54%; font-weight: normal">Date:&nbsp; May 22, 2012</TD>
    <TD STYLE="width: 4%; font-weight: normal">By</TD>
    <TD STYLE="width: 42%"><U>/s/ Mark A. Etnyre</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal">Mark A. Etnyre&nbsp;<BR>
Chief Financial Officer</TD></TR>
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{"company-data": {"conformed-name": "LEAPFROG ENTERPRISES INC", "cik": "0001138951", "assigned-sic": "3944", "irs-number": "954700094", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31396", "film-number": "12862260"}, "business-address": {"street1": "6401 HOLLIS ST", "street2": "STE 100", "city": "EMERYVILLE", "state": "CA", "zip": "94608", "phone": "5104205000"}, "mail-address": {"street1": "6401 HOLLIS STREET", "street2": "SUITE 100", "city": "EMERYVILLE", "state": "CA", "zip": "94608"}}
'
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
May 21,
2012
Date of Report (date of earliest event reported)
LEAPFROG ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction
of incorporation)
1-31396
(Commission
File Number)
95-4652013
(IRS Employer
Identification No.)
6401 Hollis Street, Suite 100
Emeryville, California 94608-1463
(Address of principal executive offices) (Zip Code)
(510) 420-5000
Registrant's telephone number, including
        area code
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
¨
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01.	Other Events.
On May 21, 2012, Mollusk Holdings, LLC ("Mollusk")
adopted a stock trading plan to sell a portion of its LeapFrog Enterprises, Inc. (the "Company") stock. The pre-arranged
stock trading plan (the "Trading Plan") is intended to comply with guidelines specified under Rule 10b5-1 promulgated
under the Securities Exchange Act of 1934, as amended, and with the Company's policies regarding stock transactions. Mollusk
is indirectly controlled by Lawrence J. Ellison.
Under the terms of the Trading Plan, Mollusk may sell
up to 3,810,000 shares of Class A common stock, $0.0001 par value per share ("Class A Common Stock"), with a daily trading
volume not to exceed 30,000 shares. Sales under this plan will not begin prior to July 2, 2012. Mollusk currently has a
stock trading plan in effect which expires on June 30, 2012.
Mollusk currently holds approximately 6.7 million shares of
Class B common stock, $0.0001 par value per share, and 0.8 million shares of Class A Common Stock,
which together represent approximately 11.3% of the Company's outstanding capital stock and approximately 40.8% of the voting
power of the Company's outstanding capital stock. All shares that are sold under the Trading Plan, to the extent not already
Class A Common Stock, will be converted into Class A Common Stock at or before the time of sale.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LeapFrog Enterprises, Inc
Date:  May 22, 2012
By
/s/ Mark A. Etnyre
Mark A. Etnyre
Chief Financial Officer