0001209191-16-113662.txt : 20160407
0001209191-16-113662.hdr.sgml : 20160407
20160407184329
ACCESSION NUMBER: 0001209191-16-113662
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160405
FILED AS OF DATE: 20160407
DATE AS OF CHANGE: 20160407
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CHEROKEE INC
CENTRAL INDEX KEY: 0000844161
STANDARD INDUSTRIAL CLASSIFICATION: WOMEN'S, MISSES', AND JUNIORS OUTERWEAR [2330]
IRS NUMBER: 954182437
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: 5990 SEPULVEDA BLVD
STREET 2: SUITE 600
CITY: SHERMAN OAKS
STATE: CA
ZIP: 91411
BUSINESS PHONE: (818) 908-9868
MAIL ADDRESS:
STREET 1: 5990 SEPULVEDA BLVD
STREET 2: SUITE 600
CITY: SHERMAN OAKS
STATE: CA
ZIP: 91411
FORMER COMPANY:
FORMER CONFORMED NAME: GREEN ACQUISITION CO
DATE OF NAME CHANGE: 19900814
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Stupp Henry
CENTRAL INDEX KEY: 0001500087
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-18640
FILM NUMBER: 161561018
MAIL ADDRESS:
STREET 1: 6835 VALJEAN AVENUE
CITY: VAN NUYS
STATE: CA
ZIP: 91406
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2016-04-05
0
0000844161
CHEROKEE INC
CHKE
0001500087
Stupp Henry
C/O CHEROKEE INC.
5990 SEPULVEDA BLVD SUITE 600
SHERMAN OAKS
CA
91411
0
1
0
0
CEO
Performance Stock Unit
2016-04-05
4
A
0
10000
0.00
A
2019-02-02
Common Stock
10000
10000
D
Each performance stock unit represents a contingent right to receive one share of Common Stock of Cherokee Inc. (the "Company") upon achievement of specified performance criteria as described in notes (2) and (3).
The performance stock units vest in up to three increments if the average closing price of the Company's Common Stock during the month preceding the end of the Company's fiscal year is at least (i) $18.58 for the
Company's fiscal year ending January 28, 2017 ("Fiscal 2017"), (ii) $20.44 for the Company's fiscal year ending February 3, 2018 ("Fiscal 2018") and (iii) $22.48 for the Company's fiscal year ending February 2, 2019 ("Fiscal 2019"). If a price target is met, one-third
of the shares subject to the award will vest. If such target is not met, one-third of the shares subject to the award will not vest and will roll over to the following fiscal year. For example, if at the end of Fiscal 2017 the Company's average closing share price for the month preceding the end of Fiscal 2017 is below $18.58, no portion of the performance stock award will vest and one-third of the total shares subject to the award will roll forward for potential vesting in Fiscal 2018.
Similarly, if both of the price targets for Fiscal 2017 and Fiscal 2018 are not met, all shares subject to the performance stock award may still vest in the event that the Company's average closing share price for the month preceding the end of Fiscal 2019 is at least $22.48.
Jason Boling under POA for Henry Stupp
2016-04-07