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U.S. SECURITIES AND EXCHANGE COMMISSION -----------------------
WASHINGTON, D.C. 20549 OMB APPROVAL
FORM 4 -----------------------
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0287
Expires: April 30, 1997
Filed pursuant to Section 16(a) of the Securities Estimated average
Exchange Act of 1934, Section 17(a) of the Public burden hours per
Utility Holding Company Act of 1935 or Section 30(f) response . . . . . 0.5
of the Investment Company Act of 1940 -----------------------
[ ] Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may
continue. See Instruction 1(b).
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<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
Margolis Robert Cherokee Inc. (CHKE) (Check all applicable)
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for --- ---
Number of Reporting Month/Year X Officer (give Other
6835 Valjean Avenue Person (Voluntary) March 1996 --- title below) --- (specify
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(Street) 5. If Amendment, Chairman and Chief Executive
Date of Officer
Original
Van Nuys California 91406 (Month/Year)
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(City) (State) (Zip) TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code Beneficially Form: direct
(Instr. 8) (Instr. 3, 4 and 5) Owned at Direct Bene-
(Month/ -------------------------------------------- End of (D) or ficial
Day/ Month Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 3 and 4)
(Instr. 4) (Instr. 4)
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Common Stock 3/26/96 J 1,674,739 A $33,494.78 1,674,739 I By The
Newstar
Group
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319,840 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1474 (8-92)
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FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS,
OPTIONS, CONVERTIBLE SECURITIES)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Title of 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and 8. Price 9. Number 10. Owner- 11. Na-
Deriva- sion or action action Derivative cisable and Amount of of of ship ture
tive Exercise Date Code Securities Expiration Underlying Deriv- Deriv- Form of
Security Price of (Month/ (Instr. Acquired (A) Date (Month/ Securities ative ative of De- In-
(Instr. Deriva- Day/ 8) or Disposed Day/Year) Secur- Securi- riva- direct
3) tive Year) of (D) (Instr. 3 ity ties tive Bene-
Security (Instr. 3, and 4) (Instr. Benefi- Secu- ficial
4, and 5) ---------------------------- 5) cially rity: Own-
------------------------- Owned at Direct ership
Code V (A) (D) Date Expira- Amount End of (D) or (Instr
Exer- tion Title or Month Indi- 4)
cisable Date Number (Instr. 4) rect (I)
of (Instr.
Shares 4)
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Nonqualified $3.00 3/26/96 T 450,477 5/4/96 5/4/2000 Com- 450,477 - 450,477 I By The
Stock Option mon New-
(option to Stock star
buy) Group,
Inc.
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Explanation of Responses:
The common stock and non-qualified stock options represent acquisitions by the Newstar Grup, Inc., a California corporation
of which Mr. Margolis is President and majority shareholder.
**Intentional misstatements or omissions of facts constitute __________________________________________________ ___________
Federal Criminal Violations. **Signature of Reporting Person Date
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 provided is insufficient, see
Instruction 6 for procedure. Page 2
SEC 1474 (8-92)
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