-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ap8OJUhU/0+ztSFLu0YeLeqDPoXC2SZpwy5osZZT40Jcd82t8PyqfR+0n1fTo0nA CHLlxr3N+JXkgp9Ddmh3gg== 0001021408-02-002108.txt : 20020414 0001021408-02-002108.hdr.sgml : 20020414 ACCESSION NUMBER: 0001021408-02-002108 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020213 SUBJECT COMPANY: 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 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41754 FILM NUMBER: 02541940 BUSINESS ADDRESS: STREET 1: 6835 VALJEAN AVE CITY: VAN NUYS STATE: CA ZIP: 91406-4713 BUSINESS PHONE: 8189511002 MAIL ADDRESS: STREET 1: 6835 VALJEAN AVE CITY: VAN NUYS STATE: CA ZIP: 91406-4713 FORMER COMPANY: FORMER CONFORMED NAME: GREEN ACQUISITION CO DATE OF NAME CHANGE: 19900814 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MARGOLIS ROBERT CENTRAL INDEX KEY: 0000942056 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 6835 VALJEAN AVE STREET 2: C/O THE WILSTAR GROUP CITY: VAN NUYS STATE: CA ZIP: 91406 BUSINESS PHONE: 8189089899X300 MAIL ADDRESS: STREET 1: C/O THE WILSTAR GROUP STREET 2: 6835 VALJEAN AVE CITY: VAN NUYS STATE: CA ZIP: 91406 SC 13D/A 1 dsc13da.txt SCHEDULE 13D AMENDMENT NO. 6 ----------------------------- OMB APPROVAL ----------------------------- OMB Number: 3235-0145 Expires: October 31, 1997 Estimated average burden hours per form ....... 14.90 ----------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 6)* CHEROKEE INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 16444H102 --------------------------------------------------------------- (CUSIP Number) Kelly A. McMahon, Esq. c/o Jeffer, Mangels, Butler & Marmaro, 2121 Avenue of the Stars, 10th Floor, Los Angeles, California 90067 (310) 203-8080 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 18, 2002 --------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_]. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. 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). SCHEDULE 13D - ------------------------------- ----------------------- CUSIP No. 164 44H-10-2 Page 2 of 6 Pages ----------------- - ------------------------------- ----------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert Margolis - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 Not Applicable - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 852,411 shares of Common Stock SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 573,541 Shares of Common Stock ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 852,411 shares of Common Stock PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 573,541 Shares of Common Stock - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,425,952 Shares of Common Stock - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 17.4% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 16444H102 Page 3 of 6 Pages Item 1. Security and Issuer. Securities: Common Stock, $.02 par value ("Common Stock"). Options to acquire Common Stock ("Options"). Issuer: Cherokee, Inc. 300 Park Avenue, 17th Floor New York, New York 10022 Item 2. Identity and Background (a) Robert Margolis (b) 6835 Valjean Avenue Van Nuys, California 91406 (c) Chief Executive Officer, Chairman, Member of the Board of Directors Cherokee Inc. 6835 Valjean Avenue Van Nuys, California 91406 (d) The reporting person has not, during the past five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) The reporting person has not, during the past five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding 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. (f) United States of America Item 3. Source and Amount of Funds or Other Consideration. Not Applicable. Item 4. Purpose of Transaction. See Item 5. Item 5. Interest in Securities of the Issuer CUSIP No. 16444H102 Page 4 of 6 Pages (a) As a result of his being a director and Chief Executive Officer of The Newstar Group, Inc. dba The Wilstar Group ("Wilstar") and his beneficial ownership of 100% of outstanding shares of Wilstar, Mr. Margolis is deemed the indirect beneficial owner of the 718,541 shares of common stock of the Company (the "Cherokee Shares") owned by Wilstar. Since January 27,1998, Wilstar sold an aggregate of 145,000 Cherokee Shares as follows: (i) On June 12, 2001, 80,000 Cherokee Shares at $8.88125 per share; and (ii) On January 18, 2002, 65,000 at $13 per share. The aforementioned transactions reduced Wilstar's aggregate beneficial ownership of Cherokee Shares to 573,541 shares or 7.03% of the total amount of Cherokee Shares outstanding. On April 13, 1998, Mr. Margolis exercised an option to purchase 8,277 Cherokee Shares at $6.80 per share and subsequently transferred these shares to Robert Margolis, as the trustee of the Robert Margolis Living Trust dated April 6, 1994 (the "Trust"). On July 14, 1998, Mr. Margolis exercised an option to purchase 5,000 Cherokee Shares at $10.50 per share and subsequently transferred these shares to himself, as trustee of the Trust. On December 21, 1999, the Trust distributed 36,442 Cherokee Shares to Mr. Margolis which he immediately donated to The Robert Margolis Foundation, Inc., a California non-profit foundation founded by Mr. Margolis (the "Foundation"). As a result of the above transactions, Mr. Margolis' deemed beneficial ownership of Cherokee Shares is now 1,425,952 shares (17.4% of the Cherokee Shares outstanding). Included in the Cherokee Shares beneficially owned by Mr. Margolis are 10,000 shares which are issuable upon the exercise of currently exercisable options held by Mr. Margolis individually and 842,411 shares are held by Mr. Margolis as trustee of the Trust. Mr. Margolis has shared investment and dispositive power over all of the Cherokee Shares he beneficially owns through Wilstar, and he has sole investment and dispositive power over the Cherokee Shares held by him as trustee of the Trust and the shares underlying the option held by him individually (a total of 852,411 shares). Not included are 126,891 Cherokee Shares held by the Foundation. This report shall not be deemed an admission that Mr. Margolis is the beneficial owner of such shares for purposes of Section 13(d) or any other purpose. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. CUSIP No. 16444H102 Page 5 of 6 Pages Not Applicable. Item 7. Material to be Filed as Exhibits. Not Applicable. CUSIP No. 16444H102 Page 6 of 6 Pages Signatures After reasonable inquiry and to the best of my knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: February 5/th/, 2002 /s/ Robert Margolis --------------------------- Robert Margolis -----END PRIVACY-ENHANCED MESSAGE-----