Statement of Changes in Beneficial Ownership (4)
April 10 2015 - 3:22PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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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
*
GREENBERG JEFFREY
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2. Issuer Name
and
Ticker or Trading Symbol
SKECHERS USA INC
[
SKX
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
228 MANHATTAN BEACH BLVD.
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3. Date of Earliest Transaction
(MM/DD/YYYY)
4/9/2015
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(Street)
MANHATTAN BEACH, CA 90266
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock
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4/9/2015
(1)
(2)
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J/K
(1)
(2)
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88848
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D
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$0.00
(1)
(2)
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80613.871
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I
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Jeffrey and Lori Greenberg Family Trust
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Class A Common Stock
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36364
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I
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Chloe July Greenberg 2009 Trust
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Class A Common Stock
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36364
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I
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Catherine Elle Greenberg 2009 Trust
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Class A Common Stock
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14198
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I
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Chloe July Greenberg 2004 Trust
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Class A Common Stock
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14198
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I
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Catherine Elle Greenberg 2006 Trust
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Forward Sale Contract (Obligation to Sell)
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(1)
(2)
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4/9/2015
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J/K
(1)
(2)
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121100
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4/6/2015
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4/6/2015
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Class A Common Stock
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121100
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(1)
(2)
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0
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I
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Jeffrey and Lori Greenberg Family Trust
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Explanation of Responses:
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(
1)
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On September 30, 2014, the reporting person entered into a forward sale contract with an unaffiliated third party buyer. This contract obligated the reporting person to deliver to the buyer up to 121,100 shares of SKX Class A common stock (or, at the reporting person's election, an equivalent amount of cash based on the market price of SKX Class A common stock at that time) on the third business day following the maturity date of the contract, which was April 6, 2015. In exchange for assuming this obligation, the reporting person received a cash payment of $5,076,339. The reporting person pledged 121,100 shares of SKX Class A common stock (the "Pledged Shares") to secure his obligations under the contract, and retained voting and dividend rights in the Pledged Shares during the term of the pledge. (continued in footnote 2)
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(
2)
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When the forward sales contract was settled on April 9, 2015, based on the closing price of $73.22 per share of SKX Class A common stock on the maturity date, the reporting person delivered 88,848 shares of SKX Class A common stock and a wire transfer of $41.44 in full satisfaction of his obligations under the contract.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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GREENBERG JEFFREY
228 MANHATTAN BEACH BLVD.
MANHATTAN BEACH, CA 90266
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X
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Signatures
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Jeffrey Greenberg
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4/9/2015
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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 control number.
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