SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Nichols David J

(Last)

(First)

(Middle)

C/O K-SWISS INC

31248 OAK CREST DR.

(Street)

WESTLAKE VILLAGE

91361

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/06/2004

3. Issuer Name and Ticker or Trading Symbol
K SWISS INC [ KSWS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Options to buy Class A Common Stock	10/06/2004	10/06/2009	Class A Common Stock, Par Value $.01	40,000	$0.25	D
Options to buy Class A Common Stock	02/21/2005	02/21/2010	Class A Common Stock, Par Value $.01	2,667	$2.53	D
Options to buy Class A Common Stock	⁽¹⁾	05/18/2010	Class A Common Stock, Par Value $.01	133,332	$3.19	D
Options to buy Class A Common Stock	⁽²⁾	03/28/2011	Class A Common Stock, Par Value $.01	200,000	$6.39	D
Options to buy Class A Common Stock	⁽³⁾	07/09/2011	Class A Common Stock, Par Value $.01	100,000	$7.05	D
Options to buy Class A Common Stock	⁽⁴⁾	02/13/2012	Class A Common Stock, Par Value $.01	12,000	$8.56	D
Options to buy Class A Common Stock	02/01/2009	07/25/2012	Class A Common Stock, Par Value $.01	5,000	$8.93	D
Options to buy Class A Common Stock	02/01/2008	07/25/2012	Class A Common Stock, Par Value $.01	5,000	$8.93	D
Options to buy Class A Common Stock	07/25/2010	07/25/2013	Class A Common Stock, Par Value $.01	40,000	$17.62	D
Class B Common Stock	⁽⁵⁾	⁽⁵⁾	Class A Common Stock, Par Value $.01	63,240	$0.00	I	FN⁽⁶⁾

Explanation of Responses:

1. 66,665 options vest on 5/18/04 and 66,667 options vest on 5/18/05

2. 66,667 options vested on 3/28/04, 66,666 options vest on 3/28/05 and 66,667 options vest on 3/28/06

3. 33,334 options vest on 7/9/05 and 33,333 options vest each on 7/9/06 and 7/9/07

4. 4,000 options vest each on 2/13/05, 2/13/06 and 2/13/07

5. Shares of Class B Common Stock are not registered under Section 12 of the Securities Exchange Act. The conversion of shares of Class B Common Stock into shares of Class A Common stock is exempt from Section 16(b) of the Act under Rule 16b-6(b) promulgated thereunder. These Class B shares are convertible at any time and they do not expire.

6. Such shares are held by David Nichols as trustee of a trust for the benefit of a related individual.

	David J Nichols	03/02/2005
	** 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 5 (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.