SEC Form 4 · accession 0001209191-15-086015
SKECHERS USA INC · SKX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Greenberg
Officer — President · Director
Period of report
Dec 16, 2015
Accepted (ET)
Dec 18, 2015 · 12:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001065837
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF2 | Dec 16, 2015 | S | 150,000 | $30.664 | D | 461,679 | D | |
| Class A Common StockF1,F2 | holding | — | — | — | 8,292 | I | By Chase Greenberg Custodial Account | |
| Class A Common StockF1,F2 | holding | — | — | — | 8,292 | I | By Harrison Greenberg Custodial Account | |
| Class A Common StockF1,F2 | holding | — | — | — | 8,292 | I | By MacKenna Greenberg Custodial Account | |
| Class A Common StockF1,F2 | holding | — | — | — | 9,228 | I | By Custodial Account for Chase Greenberg | |
| Class A Common StockF1,F2 | holding | — | — | — | 9,228 | I | By Custodial Account for Harrison Greenberg | |
| Class A Common StockF1,F2 | holding | — | — | — | 9,228 | I | By Custodial Account for MacKenna Greenberg | |
| Class A Common StockF1,F2 | holding | — | — | — | 5,124 | I | By Cust. Acct. for Chase Greenberg | |
| Class A Common StockF1,F2 | holding | — | — | — | 5,124 | I | By Cust. Acct. for Harrison Greenberg | |
| Class A Common StockF1,F2 | holding | — | — | — | 5,124 | I | By Cust. Acct. for MacKenna Greenberg | |
| Class A Common StockF1,F2 | holding | — | — | — | 27,594 | I | By Chase Greenberg 2003 Irrevocable Trust | |
| Class A Common StockF1,F2 | holding | — | — | — | 27,594 | I | By Harrison Greenberg 2003 Irrevocable Trust | |
| Class A Common StockF1,F2 | holding | — | — | — | 27,594 | I | By MacKenna Greenberg 2003 Irrevocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF3,F1,F2,F4 | — | holding | — | — | — | — | — | Class A Common Stock | 40,350 | 40,350 | I |
| Class B Common StockF3,F1,F2,F4 | — | holding | — | — | — | — | — | Class A Common Stock | 40,350 | 40,350 | I |
| Class B Common StockF3,F1,F2,F4 | — | holding | — | — | — | — | — | Class A Common Stock | 40,350 | 40,350 | I |
| Class B Common StockF3,F1,F2,F4 | — | holding | — | — | — | — | — | Class A Common Stock | 10,950 | 10,950 | I |
| Class B Common StockF3,F1,F2,F4 | — | holding | — | — | — | — | — | Class A Common Stock | 10,950 | 10,950 | I |
| Class B Common StockF3,F1,F2,F4 | — | holding | — | — | — | — | — | Class A Common Stock | 10,950 | 10,950 | I |
| Class B Common StockF3,F2,F4 | — | holding | — | — | — | — | — | Class A Common Stock | 867,123 | 867,123 | D |
Explanation of responses
- F1The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purposes.
- F2On August 20, 2015, the Issuer's Board of Directors declared a 3-for-1 stock split to be effected in the form of a stock dividend, which was approved by the Issuer's stockholders on September 24, 2015. All holders of record of Class A common stock and/or Class B common stock on October 2, 2015 were issued two shares of Class A common stock for each outstanding share of Class A common stock and two shares of Class B common stock for each outstanding share of Class B common stock.
- F3Holders of Class A Common Stock and Class B Common Stock generally have identical rights, except that holders of Class A Common Stock are entitled to one vote per share while holders of Class B Common Stock are entitled to ten votes per share on matters to be voted on by shareholders.
- F4Shares of Class B Common Stock are convertible into Class A Common Stock on a one-for-one basis for no additional consideration at any time, with no expiration date, upon voluntary conversion by the holder of such shares or immediately prior to any sale or transfer of such shares with certain exceptions.