SEC Form 4 · accession 0001181431-15-008145
CHEROKEE INC · CHKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Boling
Officer — Chief Financial Officer
Period of report
Jun 8, 2015
Accepted (ET)
Jun 10, 2015 · 8:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000844161
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 8, 2015 | A | 20,000 | $0.00 | A | 23,899 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Option (right to buy)F2 | $22.94 | Jun 8, 2015 | A | 18,333 | A | Jun 8, 2016 | Jun 8, 2022 | Common Stock | 18,333 | 18,333 | D |
| Common Stock Option (right to buy)F2 | $22.94 | Jun 8, 2015 | A | 18,333 | A | Jun 8, 2017 | Jun 8, 2022 | Common Stock | 18,333 | 36,666 | D |
| Common Stock Option (right to buy)F2 | $22.94 | Jun 8, 2015 | A | 18,334 | A | Jun 8, 2018 | Jun 8, 2022 | Common Stock | 18,334 | 55,000 | D |
| Common Stock Option (right to buy) | $14.03 | holding | — | — | — | Mar 25, 2014 | Mar 25, 2020 | Common Stock | 10,000 | 10,000 | D |
| Common Stock Option (right to buy) | $14.03 | holding | — | — | — | Mar 25, 2015 | Mar 25, 2020 | Common Stock | 10,000 | 20,000 | D |
| Common Stock Option (right to buy) | $14.03 | holding | — | — | — | Mar 25, 2016 | Mar 25, 2020 | Common Stock | 10,000 | 30,000 | D |
| Performance Stock UnitF1 | — | holding | — | — | — | — | Jan 30, 2016 | Common Stock | 3,334 | 3,334 | D |
| Common Stock Option (right to buy) | $12.02 | holding | — | — | — | Aug 19, 2014 | Aug 19, 2020 | Common Stock | 6,667 | 6,667 | D |
| Common Stock Option (right to buy) | $12.02 | holding | — | — | — | Aug 19, 2015 | Aug 19, 2020 | Common Stock | 6,667 | 13,334 | D |
| Common Stock Option (right to buy) | $12.02 | holding | — | — | — | Aug 19, 2016 | Aug 19, 2020 | Common Stock | 6,666 | 20,000 | D |
| Common Stock Option (right to buy) | $13.54 | holding | — | — | — | May 9, 2015 | May 9, 2021 | Common Stock | 10,000 | 10,000 | D |
| Common Stock Option (right to buy) | $13.54 | holding | — | — | — | May 9, 2016 | May 9, 2021 | Common Stock | 10,000 | 20,000 | D |
| Common Stock Option (right to buy) | $13.54 | holding | — | — | — | May 9, 2017 | May 9, 2021 | Common Stock | 10,000 | 30,000 | D |
Explanation of responses
- F1See footnotes (1), (2) and (3) of the Form 4 filed by the reporting person with the Securities and Exchange Commission on April 17, 2013. On January 30, 2015, 2/3 of the shares subject to the performance stock unit award vested in full, and 1/3 of the shares subject to such award remain unvested.
- F2Represents an award of a single stock option approved on June 8, 2015.
Remarks
On June 8, 2015, the Compensation Committee of the Board of Directors of Cherokee Inc. granted Mr. Boling 55,000 stock options and 20,000 restricted stock units as noted above. Such options and restricted stock units vest in three annual installments on each yearly anniversary of the grant date, which vesting may accelerate in certain circumstances.