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