SEC Form 4 · accession 0001209191-16-129606
SKECHERS USA INC · SKX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Robert Greenberg
Officer — Chief Executive Officer · Director · 10% Owner
GREENBERG FAMILY TRUST
10% Owner
M Susan Greenberg
10% Owner
Period of report
Jun 22, 2016
Accepted (ET)
Jun 24, 2016 · 6:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001065837
Table I — non-derivative securities
No Table I lines on this filing.
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 StockF1,F2 | — | Jun 22, 2016 | G | 8,500,000 | D | — | — | Class A Common Stock | 8,500,000 | 4,784,008 | I |
| Class B Common StockF1,F2,F3 | — | Jun 22, 2016 | G | 8,500,000 | A | — | — | Class A Common Stock | 8,500,000 | 8,500,000 | I |
Explanation of responses
- F1Holders 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.
- F2Shares 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 upon any sale or transfer of such shares with certain exceptions.
- F3Represents shares held in the Skechers Voting Trust, over which Robert Greenberg may be deemed to have beneficial ownership. M. Susan Greenberg and the Greenberg Family Trust no longer have voting power or dispositive power over these shares.