SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BRITT ANITA D

(Last) (First) (Middle)
3000 NW 107TH AVENUE

(Street)
MIAMI FL 33172

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PERRY ELLIS INTERNATIONAL INC [ PERY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/13/2011
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/13/2011 M 2,500 A $4.53 15,953 (1) D
Common Stock 06/13/2011 S 5,000 D $25 10,953 (1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $4.53 06/13/2011 M 2,500 03/17/2012 (2) 03/16/2019 Common Stock 2,500 $0 5,000 D
Stock Appreciation Right $28.38 04/11/2012 (3) 04/10/2018 Common Stock 4,944 4,944 D
Stock Appreciation Right $24.93 04/19/2011 (4) 04/18/2017 Common Stock 6,036 6,036 D
Explanation of Responses:
1. Includes (i) 3,169 shares and 2,784 shares of restricted stock, which vest 100% on the date the Company files its Annual Report on Form 10-K for each of fiscal 2013 and fiscal 2014, respectively, provided that she is still an employee of the Company on such dates, and the Company has met certain performance criteria; and (ii) 5,000 shares of restricted stock which vest in two equal installments of 2,500 shares on each of March 2, 2012 and March 2, 2013.
2. The shares subject to the option shall vest and become exercisable as follows: 2,500 shares on March 17, 2012; and 2,500 shares on March 17, 2013.
3. The shares subject to the stock appreciation right shall vest and become exercisable as follows: 1,648 shares on April 11, 2012; 1,648 shares on April 11, 2013; and 1,648 shares on April 11, 2014.
4. 2,012 shares subject to the stock appreciation right are fully vested. The remainder of the shares shall vest and become exercisable as follows: 2,012 shares on April 19, 2012; and 2,012 shares on April 19, 2013.
/s/ Anita D. Britt 06/14/2011
** Signature of Reporting Person Date
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* If the form is filed by more than one reporting person, see Instruction 4 (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).
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