SEC Form 4 · accession 0001209191-18-002476
CHEROKEE INC · CHKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven L Brink
Officer — CFO
Period of report
Jan 3, 2018
Accepted (ET)
Jan 5, 2018 · 4:43 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 Options (right to buy)F1 | $1.95 | Jan 3, 2018 | A | 16,666 | A | Jan 3, 2019 | Jan 3, 2028 | Common Stock | 16,666 | 16,666 | D |
| Common Stock Options (right to buy)F1 | $1.95 | Jan 3, 2018 | A | 16,667 | A | Jan 3, 2020 | Jan 3, 2028 | Common Stock | 16,667 | 33,333 | D |
| Common Stock Options (right to buy)F1 | $1.95 | Jan 30, 2018 | A | 16,667 | A | Jan 3, 2021 | Jan 3, 2028 | Common Stock | 16,667 | 50,000 | D |
Explanation of responses
- F1Represents a single stock option award to purchase up to 50,000 shares of the Issuer's common stock granted to Mr. Brink on January 3, 2018 in connection with the commencement of his employment with the Issuer. Such stock option award vests in three annual installments on each yearly anniversary of the grant date, subject to continued service for the Issuer on each vesting date, which vesting may accelerate in certain circumstances.