Park David E III 4
4 · CHEROKEE INC · Filed Sep 18, 2018
Insider Transaction Report
Form 4
CHEROKEE INCCHKE
Transactions
- Sale
Common Stock
2018-09-17$0.91/sh−16,300$14,833→ 1,519,410 total - Sale
Common Stock
2018-09-18$0.84/sh−151,045$126,878→ 1,368,365 total - Sale
Common Stock
2018-09-14$0.99/sh−118,687$117,500→ 1,535,710 total
Footnotes (3)
- [F1]This Form 4 is filed on behalf of Headlands Strategic Opportunities Fund, LP (the "Fund"), Headlands Capital Management, LLC (the "GP"), David E. Park III and David W. Cost Jr. The GP is the general partner of the Fund. Messrs. Park and Cost are the sole members of the investment committee of the GP. The investment committee of the GP has collective investment discretion over such shares held by the Fund.
- [F2]As the general partner of the Fund, the GP may be deemed to be the indirect beneficial owner of such shares under Rule 16a-1(a)(2) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). As the members of the investment committee of the GP, Messrs. Park and Cost may be deemed to be the indirect beneficial owners of such shares under Rule 16a-1(a)(2) promulgated under the Exchange Act. However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, each of the GP, Mr. Park and Mr. Cost disclaims beneficial ownership of such shares, except to the extent of its pecuniary interest.
- [F3]Securities are directly owned by the Fund. The GP, Mr. Park and Mr. Cost may be deemed to have indirect beneficial ownership of these shares. See Footnotes 1 and 2.