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*
SIEGEL HOWARD B

(Last) (First) (Middle)
5990 SEPULVEDA BLVD #600

(Street)
SHERMAN OAKS CA 91411

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CHEROKEE INC [ CHKE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President
3. Date of Earliest Transaction (Month/Day/Year)
01/30/2015
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 01/30/2015 M 11,333 A (1) 50,051 D
Common Stock 01/30/2015 F 4,449 D $18.18 45,602 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
Common Stock Option (right to buy) $22.7 08/21/2009 08/21/2015 common stock 3,333 3,333 D
Common Stock Option (right to buy) $22.7 08/21/2010 08/21/2015 common stock 3,333 6,666 D
Common Stock Option (right to buy) $22.7 08/21/2011 08/21/2015 common stock 3,334 10,000 D
Common Stock Option (right to buy) $18.3 08/26/2011 08/26/2017 common stock 16,666 16,666 D
Common Stock Option (right to buy) $18.3 08/26/2012 08/26/2017 common stock 16,667 33,333 D
Common Stock Option (right to buy) $18.3 08/26/2013 08/26/2017 common stock 16,667 50,000 D
Common Stock Option (right to buy) $17.21 03/23/2012 03/23/2018 Common Stock 20,000 20,000 D
Common Stock Option (right to buy) $17.21 03/23/2013 03/23/2018 Common Stock 20,000 40,000 D
Common Stock Option (right to buy) $17.21 03/23/2014 03/23/2018 Common Stock 20,000 60,000 D
Common Stock Option (right to buy) $17.21 03/23/2015 03/23/2018 Common Stock 20,000 80,000 D
Common Stock Option (right to buy) $17.21 03/23/2016 03/23/2018 Common Stock 20,000 100,000 D
Common Stock Option (right to buy) $13.06 06/18/2013 06/18/2019 Common Stock 20,000 20,000 D
Common Stock Option (right to buy) $13.06 06/18/2014 06/18/2019 Common Stock 20,000 40,000 D
Common Stock Option (right to buy) $13.06 06/18/2015 06/18/2019 Common Stock 20,000 60,000 D
Performance Stock Unit (1) (1) 01/30/2016 Common Stock 5,667 5,667 D
Common Stock Option (right to buy) $13.54 05/09/2015 05/09/2021 Common Stock 10,000 10,000 D
Common Stock Option (right to buy) $13.54 05/09/2016 05/09/2021 Common Stock 10,000 20,000 D
Common Stock Option (right to buy) $13.54 05/09/2017 05/09/2021 Common Stock 10,000 30,000 D
Performance Stock Unit (1) 01/30/2015 M 11,333 (1) 01/30/2016 Common Stock 11,333 $0 5,667 D
Explanation of Responses:
1. See footnotes (1), (2) and (3) of the Form 4 filed by the reporting person with the Securities and Exchange Commission on April 17, 2013. On January 30, 2015, 2/3 of the shares subject to the performance stock unit award vested in full, and 1/3 of the shares subject to such award remain unvested.
Jason Boling under POA for Howard Siegel 02/03/2015
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: 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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