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