SEC Form 4 · accession 0001181431-15-008147
CHEROKEE INC · CHKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Henry Stupp
Officer — Chief Executive Officer · Director
Period of report
Jun 8, 2015
Accepted (ET)
Jun 10, 2015 · 8:33 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 | 50,000 | $0.00 | A | 147,180 | 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 Options (right to buy)F3 | $22.94 | Jun 8, 2015 | A | 20,000 | A | Jun 8, 2016 | Jun 8, 2022 | Common Stock | 20,000 | 20,000 | D |
| Common Stock Options (right to buy)F3 | $22.94 | Jun 8, 2015 | A | 20,000 | A | Jun 8, 2017 | Jun 8, 2022 | Common Stock | 20,000 | 40,000 | D |
| Common Stock Options (right to buy)F3 | $22.94 | Jun 8, 2015 | A | 20,000 | A | Jun 8, 2018 | Jun 8, 2022 | Common Stock | 20,000 | 60,000 | D |
| Common Stock Options (right to buy) | $18.30 | holding | — | — | — | Jan 31, 2012 | Aug 26, 2016 | Common Stock | 18,750 | 18,750 | D |
| Common Stock Options (right to buy) | $18.30 | holding | — | — | — | Jan 31, 2013 | Aug 26, 2016 | Common Stock | 18,750 | 37,500 | D |
| Common Stock Options (right to buy) | $18.30 | holding | — | — | — | Jan 31, 2014 | Aug 26, 2016 | Common Stock | 18,750 | 56,250 | D |
| Common Stock Options (right to buy) | $18.30 | holding | — | — | — | Jan 31, 2015 | Aug 26, 2016 | Common Stock | 18,750 | 75,000 | D |
| Common Stock Options (right to buy) | $18.30 | holding | — | — | — | Jan 31, 2016 | Aug 26, 2016 | Common Stock | 18,750 | 93,750 | D |
| Common Stock Options (right to buy)F2 | $13.06 | holding | — | — | — | — | Jun 18, 2019 | Common Stock | 30,001 | 30,001 | D |
| Performance Stock UnitF1 | — | holding | — | — | — | — | Jan 30, 2016 | Common Stock | 10,000 | 10,000 | D |
| Common Stock Options (right to buy) | $13.54 | holding | — | — | — | May 9, 2015 | May 9, 2021 | Common Stock | 25,000 | 25,000 | D |
| Common Stock Options (right to buy) | $13.54 | holding | — | — | — | May 9, 2016 | May 9, 2021 | Common Stock | 25,000 | 50,000 | D |
| Common Stock Options (right to buy) | $13.54 | holding | — | — | — | May 9, 2017 | May 9, 2021 | Common Stock | 25,000 | 75,000 | 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 July 18, 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.
- F2The 90,000 shares of common stock subject to the option vest over a 3 year vesting period, of which 29,999 shares vested on 6/18/2013 and 30,000 shares vested on 6/18/2014 and the remaining 30,001 shares will, subject to certain conditions, vest on June 18, 2015.
- F3Represents 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. Stupp 60,000 stock options and 50,000 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.