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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001181431-08-069317.txt : 20081224
<SEC-HEADER>0001181431-08-069317.hdr.sgml : 20081224
<ACCEPTANCE-DATETIME>20081224172541
ACCESSION NUMBER:		0001181431-08-069317
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081224
FILED AS OF DATE:		20081224
DATE AS OF CHANGE:		20081224

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Nichols David J
		CENTRAL INDEX KEY:			0001318774

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-18490
		FILM NUMBER:		081270834

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		818-706-5100

	MAIL ADDRESS:	
		STREET 1:		C/O K-SWISS INC
		STREET 2:		31248 OAK CREST DR.
		CITY:			WESTLAKE VILLAGE
		STATE:			CA
		ZIP:			91361

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			K SWISS INC
		CENTRAL INDEX KEY:			0000862480
		STANDARD INDUSTRIAL CLASSIFICATION:	FOOTWEAR, (NO RUBBER) [3140]
		IRS NUMBER:				954265988
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		31248 OAK CREST DRIVE
		CITY:			WESTLAKE VILLAGE
		STATE:			CA
		ZIP:			91361
		BUSINESS PHONE:		8187065100

	MAIL ADDRESS:	
		STREET 1:		31248 OAK CREST DR
		CITY:			WESTLAKE VILLAGE
		STATE:			CA
		ZIP:			91361
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd227689.xml
<DESCRIPTION>12/24/08 NICHOLS D REPRICE
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-12-24</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000862480</issuerCik>
        <issuerName>K SWISS INC</issuerName>
        <issuerTradingSymbol>KSWS</issuerTradingSymbol>
    </issuer>

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        <reportingOwnerId>
            <rptOwnerCik>0001318774</rptOwnerCik>
            <rptOwnerName>Nichols David J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O K-SWISS INC</rptOwnerStreet1>
            <rptOwnerStreet2>31248 OAK CREST DR.</rptOwnerStreet2>
            <rptOwnerCity>WESTLAKE VILLAGE</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>91361</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive Vice President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

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                <value>Options to buy Class A Common Stock</value>
            </securityTitle>
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            <securityTitle>
                <value>Options to buy Class A Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>12.19</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-12-24</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>30000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <value>2018-03-04</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock, Par Value $.01</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>30000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>30000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On 12/24/08 all outstanding stock options granted to the named individual were re-priced $2 lower than the original grant price.  All other terms of the original grant including vesting schedules and expirations dates remain in force and were not modified.</footnote>
        <footnote id="F2">55,166 options vested on 3/28/04, 66,666 options vested on 3/28/05 and 66,667 vested on 3/28/06</footnote>
        <footnote id="F3">33,334 options vested on 7/9/05 and 33,333 opitons vested each on 7/9/06 and 7/9/07</footnote>
        <footnote id="F4">4,000 options vested each on 2/13/05, 2/13/06 and 2/13/07</footnote>
        <footnote id="F5">10,000 options will vest each on 3/4/11, 3/4/12 and 3/4/13</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Tarek Rizkalla, by power of attorney for David J Nichols</signatureName>
        <signatureDate>2008-12-24</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----