If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and filing this
schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
¨
The information required on the remainder of this cover page shall not be
deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however,
see
the
Notes
).
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CUSIP No.
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830566 10 5
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13D
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Page
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2
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of
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5
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1
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NAME OF
REPORTING PERSONS
Gil Schwartzberg
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a)
¨
(b)
þ
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
N/A
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5
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CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE VOTING POWER
8,412,382
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8
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SHARED VOTING POWER
0
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9
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SOLE DISPOSITIVE POWER
3,227,712
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10
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SHARED DISPOSITIVE POWER
5,184,670
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON
8,412,382
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
¨
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
5.9%
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14
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
IN
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CUSIP No.
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830566 10 5
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13D
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Page
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3
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of
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This Amendment No. 16
(this Amendment) amends the Statement on Schedule 13D that was filed with the Securities and Exchange Commission on September 21, 2009 (the Schedule 13D) by the Robert Y. Greenberg 2009 Annuity GRAT (the RYG 2009
GRAT), the M. Susan Greenberg Annuity Trust (the MSG 2009 GRAT), and Gil Schwartzberg, who is sole trustee of the RYG 2009 GRAT and the MSG 2009 GRAT.
Unless indicated otherwise, all items left blank remain unchanged and any items that are reported are deemed to amend and supplement the
existing items in the Schedule 13D, as previously amended. Capitalized terms used in this Amendment and not defined herein have the respective meanings ascribed to such terms in the Schedule 13D, as previously amended.
Item 1. Security and Issuer
Item 2. Identity and Background
This Amendment to the Schedule 13D is being filed by Gil Schwartzberg (the Reporting Person), as sole trustee of each of the RYG
2012 GRAT, the MSG 2012 GRAT, the RYG 2014 GRAT and the MSG 2014 GRAT, and as a co-trustee of the Skechers Voting Trust.
The Reporting
Person is an American citizen and his present principal occupation is attorney. The Reporting Persons principal business address is 269 S. Beverly Drive, #1315, Beverly Hills, California 90212. During the last five years, the Reporting Person
has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to
such laws.
Item 3. Source and Amount of Funds or Other Consideration
On June 30, 2016, 2,592,335 shares of Class B Common Stock, par value $0.001 per share (Class B Common Stock), of the Issuer were
distributed from each of the RYG 2014 GRAT and the MSG 2014 GRAT (the Distributions) to the Skechers Voting Trust (the Recipient).
Item 4. Purpose of Transaction
The Distributions were made to the Recipient for estate planning purposes under the terms of the RYG 2014 GRAT and the MSG 2014 GRAT. No
consideration was paid by the Recipient for the Distributions.
Except as set forth in this Statement, the Reporting Person currently does
not have any plans or proposals of the type set forth in paragraphs (a) through (j) of Item 4 of Schedule 13D. However, the Reporting Person reserves the right to change his plan at any time, as he deems appropriate, and accordingly
the Reporting Person may acquire additional shares of Class B Common Stock in private transactions or additional shares of Class A Common Stock in open market transactions, in each case for investment purposes, and may dispose of shares of
Class B Common Stock in private or open market transactions or shares of Class A Common Stock (or Class B Common Stock, after conversion into Class A Common Stock) in private or open market transactions or otherwise. Any decision by
the Reporting Person either to purchase additional shares of Class A Common Stock or Class B Common Stock or to dispose of any such shares will take into account various factors, including general economic and stock market considerations.
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CUSIP No.
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830566 10 5
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13D
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4
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Item 5. Interest in Securities of
the Issuer
(a) The responses of the Reporting Person to Rows (11) through (13) of the cover page of this Amendment to
the Schedule 13D are incorporated herein by reference. As of June 30, 2016, the Reporting Person beneficially owned 8,412,382 shares of Class A Common Stock as follows: (i) 1,613,856 shares of Class A Common Stock via his indirect holding
of the same number of shares of Class B Common Stock as sole trustee of the RYG 2012 GRAT, (ii) 1,613,856 shares of Class A Common Stock via his indirect holding of the same number of shares of Class B Common Stock as sole trustee of
the MSG 2012 GRAT, and (iii) 5,184,670 shares of Class A Common Stock via his indirect holding of the same number of shares of Class B Common Stock as a co-trustee of the Skechers Voting Trust.
The Reporting Person beneficially owns 5.9% of the Class A Common Stock, which is based on 133,204,086 shares of Class A Common
Stock outstanding as of June 30, 2016 and 8,412,382 shares of Class B Common Stock beneficially owned by the Reporting Person that may be converted at any time into shares of Class A Common Stock. The Reporting Person beneficially owns
34.3% of the Class B Common Stock, which is based on 24,525,188 shares of Class B Common Stock outstanding as of June 30, 2016. The Reporting Person beneficially owns 5.3% of the aggregate amount of Class A and Class B Common
Stock outstanding as June 30, 2016. Each share of Class B Common Stock is entitled to 10 votes and each share of Class A Common Stock is entitled to one vote. Based on the aggregate amount of Class A and Class B Common Stock
outstanding as of June 30, 2016, the Reporting Person beneficially owns 22.2% of the combined voting power of the Issuers capital stock. The Reporting Person disclaims beneficial ownership of the 8,412,382 shares of Class B Common
Stock except to the extent of his pecuniary interest therein, and this schedule shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of
1934, as amended, or for any other purpose.
(b) The responses of the Reporting Person to Rows (7) through (10) of the cover
pages of the Amendment to this Schedule 13D and Item 5 (a) hereof are incorporated herein by reference. The Reporting Person, as sole trustee of the RYG 2012 GRAT and the MSG 2012 GRAT, has sole voting and dispositive power with
respect to the 1,613,856 shares of Class B Common Stock held by the RYG 2012 GRAT and the 1,613,856 shares of Class B Common Stock held by the MSG 2012 GRAT. The Reporting Person, as a co-trustee of the Skechers Voting Trust, has sole
voting power and shared dispositive power with respect to the 5,184,670 shares of Class B Common Stock held by the Skechers Voting Trust.
(c) Not applicable.
(d) The
Reporting Person, as the sole trustee of the RYG 2012 GRAT, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the 1,613,856 shares of Class B Common Stock held by the RYG 2012 GRAT.
Certain other beneficiaries of the RYG 2012 GRAT, are entitled to certain distributions of the RYG 2012 GRATs property, which may include the Class B Common Stock owned by the RYG 2012 GRAT or dividends therefrom or the proceeds of the sale
thereof.
The Reporting Person, as the sole trustee of the MSG 2012 GRAT, has the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, the 1,613,856 shares of Class B Common Stock held by the MSG 2012 GRAT. Certain other beneficiaries of the MSG 2012 GRAT, are entitled to certain distributions of the MSG 2012 GRATs
property, which may include the Class B Common Stock owned by the MSG 2012 GRAT or dividends therefrom or the proceeds of the sale thereof.
The Reporting Person, as a co-trustee of the Skechers Voting Trust, has the right to receive or the power to direct the receipt of dividends
from the 5,184,670 shares of Class B Common Stock held by the Skechers Voting Trust. Certain other beneficiaries of the Skechers Voting Trust, are entitled to certain distributions of the Skechers Voting Trusts property, which may include the
Class B Common Stock owned by the Skechers Voting Trust or dividends therefrom.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Robert Greenberg and Gil Schwartzberg agreed to place certain shares of Class B Common Stock that they beneficially owned into the Skechers
Voting Trust, of which they serve as co-trustees, pursuant to the agreement that was entered into on March 2, 2016. Mr. Greenberg has contributed 8,500,000 shares that were held by the Greenberg Family Trust, of which he and his wife serve
as co-trustees, to the Skechers Voting Trust. During the 15-year term of the Skechers Voting Trust (unless terminated sooner by the co-trustees), Mr. Greenberg has shared voting power with respect to these shares, and these shares may not be
withdrawn from the Skechers Voting Trust in accordance with the terms of the Skechers Voting Trust. Mr. Schwartzberg has contributed 5,184,670 shares of Class B Common Stock that he beneficially owned to the Skechers Voting Trust. Mr.
Schwartzberg has sole voting power with respect to these shares and shared dispositive power with Mr. Greenberg and the beneficiaries of these shares. Each beneficiary may withdraw the shares held by the Skechers Voting Trust in which he or she
has an interest at any time, but only with the consent of Messrs. Greenberg and Schwartzberg. Upon the death, resignation, or incapacity of either of Messrs. Greenberg or Schwartzberg, the other will become the sole trustee of the Skechers Voting
Trust with the right to vote all the shares held by the Skechers Voting Trust. At any time that there is only one trustee to the Skechers Voting Trust, the trustee shall designate, nominate and appoint a successor, who shall become sole trustee upon
the death, resignation or incapacity of the then serving sole trustee.
Item 7. Material to be Filed as Exhibits
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Exhibit No.
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Description
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99.1
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Skechers Voting Trust Agreement dated March 2, 2016 by and among Robert Greenberg and Gil Schwartzberg, as co-trustees, and the Greenberg Family Trust, Michael Greenberg, Scott Greenberg, Jeffrey Greenberg, Jason Greenberg, Joshua
Greenberg and Jennifer Messer, as beneficiaries.
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CUSIP No.
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830566 10 5
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13D
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Page
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of
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SIGNATURE
After reasonable inquiry and to the best of the undersigneds knowledge and belief, the undersigned certifies as to itself that the
information set forth in this statement is true, complete and correct.
Dated: June 30, 2016
/s/ Gil
Schwartzberg
Gil
Schwartzberg
ATTENTION:
Intentional misstatements or omissions of fact constitute
Federal criminal violations (
see
18 U.S.C. 1001).