SEC Form 4 · accession 0001209191-16-155504
CHEROKEE INC · CHKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Henry Stupp
Officer — CEO · Director
Period of report
Dec 14, 2016
Accepted (ET)
Dec 15, 2016 · 7:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000844161
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock (right to buy)F1 | $11.20 | Dec 14, 2016 | A | 16,666 | A | Dec 14, 2017 | Jun 14, 2020 | Common Stock | 16,666 | 16,666 | D |
| Common Stock (right to buy)F1 | $11.20 | Dec 14, 2016 | A | 16,667 | A | Dec 14, 2018 | Jun 14, 2020 | Common Stock | 16,667 | 33,333 | D |
| Common Stock (right to buy)F1 | $11.20 | Dec 14, 2016 | A | 16,667 | A | Dec 14, 2019 | Jun 14, 2020 | Common Stock | 16,667 | 50,000 | D |
Explanation of responses
- F1Represents an award of a single stock option approved on December 14, 2016
Remarks
On December 14, 2016, the Compensation Committee of the Board of Directors of Cherokee Inc. granted Mr. Stupp 50,000 stock options as noted above. Such options vest in three annual installments on each yearly anniversary of the grant date, which vesting may accelerate in certain circumstances.