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<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
U.S. SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
WASHINGTON, D.C. 20549
OMB NUMBER 3235-0287
FORM 4 EXPIRES: SEPTEMBER 30, 1998
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE......0.5
</TABLE>
o CHECK THIS BOX IF NO LONGER
SUBJECT TO SECTION 16. FORM 4 OR
FORM 5 OBLIGATIONS MAY
CONTINUE. SEE INSTRUCTIONS 1(b).
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940
(Print or Type Responses)
<TABLE>
<CAPTION>
<S> <C> <C>
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting
person to Issuer
(Check all applicable)
Chaus Josephine Bernard Chaus, Inc. (CHS)
X Director X 10% Owner
X Officer (give _____ Other
title below) (specify below)
Chairwoman of the Board and member,
Office of the Chairman
(Last) (First) (Middle) 3. IRS Identification Number 4. Statement for Month/Year 7. Individual or Joint/Group Filing
of Reporting Person, if an (Check applicable line)
c/o Bernard Chaus, Inc. entity (Voluntary) January 1998
1410 Broadway X Form filed by One Reporting
Person
___ Form filed by More than One
Reporting Person
(Street) 5. If Amendment, Date of
Original
(Month/Year)
New York New York 10018
(City) (State) (Zip)
TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
1. Title of Security 2. Transaction 3. Transaction 4. Securities Acquired (A) or Dispose 5. Amount of
(Instr. 3) Date Code of (D) (Instr. 3, 4 and 5) Securities
(Instr. 8) Beneficially
(Month/ Owned at End
Day/ of Month
Year) (Instr. 3
Code V Amount (A) or Price and 4)
(D)
Common stock, par value $.01 per share 1/26/98 X 61,136(1) A $1.4309 72,936(1)
Common stock, par value $.01 per share 1/26/98 X 6,927,499(1) A $1.4309
Common stock, par value $.01 per share 1/29/98 P 10,510,910(1) A (2) 18,775,489(1)
</TABLE>
(RESTUBBED TABLE CONTINUED FROM ABOVE)
<TABLE>
<CAPTION>
<S> <C> <C>
6. Ownership 7. Nature of
Form: Direct Indirect
(D) or Indirect Beneficial
(I) Ownership
(Instr. 4) (Instr. 4)
Common stock, par value $.01 per share I As co-trustee for children
Common stock, par value $.01 per share D
Common stock, par value $.01 per share D
</TABLE>
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). (Over)
SEC 1474 (7-96)
<PAGE>
FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED (E.G., PUTS, CALLS,
WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of Deriv- 6. Date Exer-
Security (Instr. 3) sion or action action ative Securities cisable and
Exercise Date Code Acquired (A) or Expiration Date
Price of (Instr. 8) Disposed of (D) (Month/
Derivative (Month/ (Instr. 3, 4 and 5) Day/Year)
Security Day/
Year)
Date Expira-
Exer- tion Date
cisable S
Code V (A) (D)
Subscription Rights (Right to $1.4309 1/23/98 X 1,337,080 IMMED. 1/23/98
Buy)(3)
Subscription Rights (Right to $1.4309 1/23/98 X 11,800 IMMED. 1/23/98
Buy)(3)
</TABLE>
(RESTUBBED TABLE CONTINUED FROM ABOVE)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
7. Title and Amount of 8. Price of 9. Number of 10. Ownership 11. Nature of
Underlying Securities Deriv- Derivative Form of Indirect
(Instr. 3 and 4) ative Securities Derivative Beneficial
Security Benefi- Security: Owner-
(Instr. cially Direct (D) ship (Instr.
5) Owned at or Indirect 4)
End of (I) (Instr. 4)
Month
(Instr. 4)
Amount or
Title Number of
Shares
Subscription Rights (Right to Common 6,927,499(1) -0- D
Buy)(3) Stock
Subscription Rights (Right to Common 61,136(1) -0- I As co-trustee
Buy)(3) Stock for children
</TABLE>
Explanation of Responses:
(1) All Common Stock share amounts take into account a one-for-ten reverse
stock split which became effective on December 9, 1997.
(2) The Reporting Person acquired the Common Stock in exchange for the
cancellation of approximately $40.6 million of subordinated
indebtedness of the Issuer held by the Reporting Person.
(3) Each Subscription Right issued to the Reporting Person was exercisable
to purchase 5.181105 shares of Common Stock.
* In connection with the Issuer's rights offering, the Reporting Person
relinquished, for no value, all of her rights to warrants exercisable
for an aggregate of 347,851 shares of Common Stock.
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)
/s/ Josephine Chaus February 6 , 1998
------------------- -----------------
** Signature of Date
Reporting Person
Josephine Chaus
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction
6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form contains a currently
valid OMB Number.
Page 2
SEC 1475 (7/96)
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