FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CHEROKEE INC [ chke ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/17/2003 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 11/17/2003 | 11/17/2003 | M | 5,000 | A | $8 | 36,077 | D | ||
Common Stock | 11/17/2003 | 11/17/2003 | M | 5,000 | A | $7.0625 | 41,077 | D | ||
Common Stock | 86,339 | I | See footnote 2 | |||||||
Common Stock | 36,400 | I | See footnote 3 |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Common Stock Option | $8 | 11/17/2003 | 11/17/2003 | M | 5,000 | 06/14/1999 | 06/13/2009 | Common Stock | 5,000 | $8 | 5,000 | D | |||
Common Stock Option | $7.0625 | 11/17/2003 | 11/17/2003 | M | 5,000 | 05/21/2000 | 05/31/2010 | Common Stock | 5,000 | $7.0625 | 0 | D |
Explanation of Responses: |
Remarks: |
1. Mr. Ewing directly owns 31,077 shares of common stock. On June 14, 1999, Mr. Ewing was granted options from Cherokee Inc. to purchase 5,000 shares of Common Stock at a Price of $8.00 per share. These options were immediately exercisable, and expire on June 14, 2009. On May 31, 2000, Mr. Ewing was granted options from Cherokee Inc. to purchase 5,000 shares of Common Stock at a Price of $7.0625 per share. These options were immediately exercisable and expire May 31, 2010. Mr. Ewing owns a total of 10,000 options to prchace Common Stock. 2. Ewing & Partners, a Texas general partnership, holds directly 86,339 shares of common stock of Cherokee, Inc. Mr. Ewing is the managing partner of Ewing & Partners. 3. Endurance partners, L.P. and Endurance (QP), L.P. (the "Funds") hold directly 8,294 and 25,106, respectively, shares of common stock of Cherokee,Inc. Mr. Ewing is the sole member of Ewing Asset Management, L.L.C., which is the general partner of Endurance General Partners, L.P., which in tern is the general partner of the Funds. Mr. Ewing disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Ewing is the beneficial owner of these shares for the purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose. |
kyle wescoat under POA Timothy Ewing | 11/17/2003 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |