SEC Form 4 · accession 0001209191-17-049032
CHEROKEE INC · CHKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Galvin
Director
Period of report
Aug 11, 2017
Accepted (ET)
Aug 15, 2017 · 5:15 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 StockF1 | Aug 11, 2017 | A | 23,697 | $4.22 | A | 38,980 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (right to buy)F1,F3,F2 | $4.22 | Aug 11, 2017 | A | 5,924 | A | Mar 5, 2018 | — | Common Stock | 5,924 | 5,924 | D |
Explanation of responses
- F1Reflects securities acquired from the Issuer pursuant to a common stock purchase agreement between the reporting person and the Issuer dated August 11, 2017. The closing under such agreement and the issuance of such securities is expected to occur on or about August 18, 2017.
- F2The warrants will expire on the seven-year anniversary of their initial issuance date.
- F3The warrants were issued as consideration for the reporting person's agreement to participate in certain potential future equity financings of the Issuer.