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) 06/18/2012 | ||||||||||||||||||||||||||
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 | 23,969 | D | ||||||||
Common Stock | 50,000 | I | The Ravich Revocable Trust of 1989 | |||||||
Common Stock | 60,000 | I | The Ravich Revocable Trust of 1989 | |||||||
Restricted Common Stock Award | 06/18/2012 | A | 1,500 | A | $0 | 61,500 | D |
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 Options | $16.08 | 02/01/2011 | 02/01/2015 | Common Stock | 2,666 | 2,666 | D | ||||||||
Common Stock Options | $16.08 | 02/01/2012 | 02/01/2015 | Common Stock | 2,667 | 5,333 | D | ||||||||
Common Stock Options | $16.08 | 02/01/2013 | 02/01/2015 | Common Stock | 2,667 | 8,000 | D | ||||||||
Common Stock Options | $18.15 | 01/28/2011 | 01/28/2016 | Common Stock | 100,000 | 108,000 | D | ||||||||
Common Stock Options | $13.06 | 06/18/2012 | 06/18/2012 | A | 5,500 | 06/18/2012 | 06/18/2019 | Common Stock | 5,500 | $13.06 | 113,500 | D |
Explanation of Responses: |
Remarks: |
On June 18, 2012, the Compensation Committee (the "Committee") of the Board of Directors (the "Board") of Cherokee Inc. ("Cherokee") granted Mr. Ravich a restricted stock award for 1,500 shares as noted above. There is no purchase price required by the recipient in connection with this award. Such restricted stock award will vest in a single installment of 1,500 shares on the three year anniversary of the grant date. Such vesting will accelerate upon the earlier of (i) a change in control of Cherokee, (ii) the death of the recipient or (iii) the recipient's failure to be re-elected to the Board of Directors in any election in which the recipient stands for re-election. In addition, on June 18, 2012, the Committee granted Mr. Ravich 5,500 stock options as noted above. Such options are fully vested as of the grant date. |
Mark DiSiena under POA for Jess M. Ravich | 06/20/2012 | |
** 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. |