0001209191-14-061292.txt : 20141002
0001209191-14-061292.hdr.sgml : 20141002
20141002202612
ACCESSION NUMBER: 0001209191-14-061292
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140930
FILED AS OF DATE: 20141002
DATE AS OF CHANGE: 20141002
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SKECHERS USA INC
CENTRAL INDEX KEY: 0001065837
STANDARD INDUSTRIAL CLASSIFICATION: FOOTWEAR, (NO RUBBER) [3140]
IRS NUMBER: 954376145
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 228 MANHATTAN BEACH BLVD
CITY: MANHATTAN BEACH
STATE: CA
ZIP: 90266
BUSINESS PHONE: 3103183100
MAIL ADDRESS:
STREET 1: 228 MANHATTAN BEACH BLVD
CITY: MANHATTAN BEACH
STATE: CA
ZIP: 90266
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GREENBERG JEFFREY
CENTRAL INDEX KEY: 0001242138
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14429
FILM NUMBER: 141138171
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2014-09-30
0
0001065837
SKECHERS USA INC
SKX
0001242138
GREENBERG JEFFREY
228 MANHATTAN BEACH BLVD.
MANHATTAN BEACH
CA
90266
1
0
0
0
Forward Sale Contract (Obligation to Sell)
2014-09-30
4
J
1
121100
A
2015-04-06
2015-04-06
Class A Common Stock
121100
121100
I
Jeffrey and Lori Greenberg Family Trust
On September 30, 2014, the reporting person entered into a forward sale contract with an unaffiliated third party buyer. This contract obligates the reporting person to deliver to the buyer up to 121,100 shares of SKX Class A common stock (or, at the reporting person's election, an equivalent amount of cash based on the market price of SKX Class A common stock at that time) on the third business day following the maturity date of the contract (April 6, 2015). In exchange for assuming this obligation, the reporting person will receive a cash payment of $5,076,339. The reporting person pledged 121,100 shares of SKX Class A common stock (the "New Pledged Shares") to secure his obligations under the contract, and retained voting and dividend rights in the New Pledged Shares during the term of the pledge. (continued in footnote 2)
The number of shares of SKX Class A common stock to be delivered to the buyer on the third business day following the maturity date would be determined as follows: (a) if the closing price of SKX Class A common stock on April 6, 2015 (the "Settlement Price") is less than or equal to $42.00 (the "Floor Level"), the reporting person will deliver to the buyer all of the New Pledged Shares; (b) if the Settlement Price is between the Floor Level and $61.50 (the "Cap Level"), the reporting person will deliver to the buyer a number of shares of SKX Class A common stock equal to 121,100 shares multiplied by a fraction, the numerator of which is the Floor Level and the denominator of which is the Settlement Price; (continued in footnote 3)
and (c) if the Settlement Price is greater than the Cap Level, the reporting person will deliver to the buyer the number of shares of SKX Class A common stock equal to 121,100 shares multiplied by a fraction, the numerator of which is the Floor Level plus the excess of the Settlement Price over the Cap Level, and the denominator of which is the Settlement Price.
Jeffrey Greenberg
2014-10-02