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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 3/14/24 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 1065837 |
| Issuer Name: SKECHERS USA INC |
| Issuer Trading Symbol: SKX |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1080904 |
| | Owner Name: GREENBERG ROBERT |
| Reporting Owner Address: |
| | Owner Street 1: 228 MANHATTAN BEACH BLVD. |
| | Owner Street 2: |
| | Owner City: MANHATTAN BEACH |
| | Owner State: CA |
| | Owner ZIP Code: 90266 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? Yes |
| | Is Other? No |
| | Officer Title: Chief Executive Officer |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1279429 |
| | Owner Name: GREENBERG M SUSAN |
| Reporting Owner Address: |
| | Owner Street 1: 228 MANHATTAN BEACH BLVD. |
| | Owner Street 2: |
| | Owner City: MANHATTAN BEACH |
| | Owner State: CA |
| | Owner ZIP Code: 90266 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? No |
| | Is Ten Percent Owner? Yes |
| | Is Other? No |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1250502 |
| | Owner Name: GREENBERG FAMILY TRUST |
| Reporting Owner Address: |
| | Owner Street 1: 228 MANHATTAN BEACH BLVD. |
| | Owner Street 2: |
| | Owner City: MANHATTAN BEACH |
| | Owner State: CA |
| | Owner ZIP Code: 90266 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? No |
| | Is Ten Percent Owner? Yes |
| | Is Other? No |
Aff 10b5 One: 0 |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 3/14/24 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 61,515 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0.00 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 194,298 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 3/14/24 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 31,176 |
| | | Transaction Price Per Share: |
| Value: 61.42 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 163,122 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 3/15/24 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 30,339 |
| | | Transaction Price Per Share: |
| Value: 61.11 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 132,783 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 3/15/24 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 59,650 |
| Footnote ID: F2 |
| | | Transaction Price Per Share: |
| Value: 0.00 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| Footnote ID: F3 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 194,333 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,834 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By Greenberg Family Trust |
Footnotes: |
| Footnote - F1: Represents shares that vested and were issued under the performance-based stock award granted on March 1, 2021, which were linked to the Issuer's total stock return over a three-year period. |
| Footnote - F2: Award of restricted shares of Class A Common Stock, with one-third of the shares vesting on each of March 1, 2025 and the first two anniversaries thereof. |
| Footnote - F3: In addition to the shares reported on this Form 4 that vest based on time and continued service with the Issuer, the reporting person also received a performance-based award consisting of an additional 59,650 shares (at "target" performance) that are eligible to vest based on the Issuer satisfying certain performance-based metrics over the next three years. The reporting person may earn between 0% and 200% of the "target" number of shares based on performance relative to the performance objectives during the applicable performance period. The exact number of shares that will be earned based on this performance-based vesting, if any, will be calculated and reported as they vest and the number of shares earned is determined over the next three years. |
Remarks: |
Owner Signature: |
| Signature Name: Robert Greenberg |
| Signature Date: 3/15/24 |
Owner Signature: |
| Signature Name: Philip Paccione, Attorney-in-fact on behalf of M. Susan Greenberg |
| Signature Date: 3/15/24 |
Owner Signature: |
| Signature Name: Robert Greenberg; Philip Paccione, Attorney-in-fact on behalf of M. Susan Greenberg |
| Signature Date: 3/15/24 |