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) 11/01/2004 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) 11/02/2004 |
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 | 11/01/2004 | 11/01/2004 | G | 27,811 | D | $28.14 | 794,733 | D | ||
Common Stock | 11/01/2004 | 11/01/2004 | A | 27,811 | D | $28.14 | 150,000 | I | By Non-profit foundation (3) | |
Common Stock | 383,541 | I | By The Newstar Group (2) |
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 |
Explanation of Responses: |
Remarks: |
(1) Prior to the transaction of 11/01/2004 that was originally reported on 11/02/2004, the shares held directly by Mr. Margolis totaled 822,544. The report of 11/02/2004 mistakenly reported that Mr. Margolis transferred 27,811 shares from The Newstar Group to The Robert Margolis Foundation. However, the 27,811 shares that were transferred to The Robert Margolis Foundation were from shares held directly by Mr. Margolis. Hence, after the corrected transaction shown above, the shares held directly by Mr. Margolis now total 794,733. This total does not include the shares held by the Robert Margolis Foundation, Inc., a California non-profit foundation founded by Mr. Margolis. Mr. Margolis disclaims any beneficial ownership of, or pecuniary interest in, the shares held by the Foundation. This report shall not be deemed an admission that Mr. Margolis is the beneficial owner of, or has any pecuniary interest in, such shares for purposes of Section 16 or any other purposes. (2) After the correction of the reporting of this transaction (as noted in footnote 1 above), the shares held by The Newstar Group, Inc., dba The Wilstar Group, of which Mr. Margolis is the sole shareholder, did not change, and still total 383,541. (3) After the transfer noted above, there are a total of 150,000 shares held by The Robert Margolis Foundation, Inc., a California non-profit foundation founded by Mr. Margolis. Mr. Margolis disclaims any beneficial ownership of, or pecuniary interest in, the shares held by the Foundation. This report shall not be deemed an admission that Mr. Margolis is the beneficial owner of, or has any pecuniary interest in, such shares for purposes of Section 16 or any other purposes. |
Russell J. Riopelle under POA for Robert Margolis | 11/19/2004 | |
** 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. |