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OMB APPROVAL
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OMB Number 3235-0287
Expires: April 30, 1999
Estimated average burden
hours per response . . . . 0.5
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U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
|X|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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1. Name and Address of Reporting Person.
John Hancock Mutual Life Insurance Company
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(Last) (First) (Middle)
P.O. Box 111
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(Street)
Boston, MA 02117
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
K-Swiss, Inc. (KSWS)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
04-1414660
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4. Statement for Month/Year
3/99
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5. If Amendment, Date of Original (Month/Year)
April 12, 1999
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify)
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
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 (Instr. 3, 4 and 5) Beneficially Form: direct
Instr. 8) Owned at Direct Bene-
------------------------------------------ End of Month (D) or ficial
(Month/ Indirect Owner-
Day/ (A) or (I) ship
Year) Code V Amount (D) Price (Instr.4) (Instr.4)
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Class A Common Stock 3/24/99 S 132,000 D $23.41 534,386(fn1) D N/A
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficiall
owned directly or indirectly.
(Over)
(Print or Type Responses) SEC 1474 (3/91)
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1.Title 2.Conver- 3.Trans- 4.Transac- 5.Number of 6.Date Exer- 7.Title 8.Price 9.Number 10.Owner- 11.Na-
of sion or action tion Code Derivative cisable and of of ship ture
Deri- Exercise Date (Instr. 8) Securities and Ex- Amount Deriv- Deriv- Form of In-
vative Price Acquired piration of ative ative of De- direct
Security of (Month/ (A) or Date Under- Secur- Secur- rivative Bene-
(Instr. 3) Deriv- Day/ Disposed of (Month/ lying ity ities Secu- ficial
ative Year) (D) (Instr. Day/ Year) Secur- (Instr. 5) Bene- rity; Own-
Security 3, 4 and 5) ities ficially Direct ership
(Instr. 3 Owned (D) or (Instr. 4)
and at End Indi-
4) of rent (l)
------------------------------------------------------ Month (Instr. 4)
Code V (A) (D) Date Expira- Title Amount
Exer- tion or
cisable Date Number
of
Shares
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Collar
arrange- Common
ment(right/ (fn2) 3/10/99 J 1 3/13/04 3/13/04 Stock 200,000(fn1) (fn2) 1 D
obligation
to sell)
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</TABLE>
Explanations of Responses:
(1) On March 15, 1999, the Common Stock of K-Swiss split 2 for 1 resulting
in the Reporting Person's acquisition of an additional 418,193 shares
of Class A Common Stock. The collar arrangement reported in Table 2
was entered into with respect to 100,000 shares of Common Stock, but
has been adjusted to reflect the stock split.
(2) On March 10, 1999, the Reporting Person entered into a collar
arrangement with a financial institution. Under the terms of the collar
arrangement, on its expiration date, 3/13/04, the Reporting Person has
the right to require the financial institution to purchase 200,000
shares of K-Swiss, Inc. common stock from the Reporting person at a
price of $24.3956 per share or alternatively, the financial
institution has the right to require the Reporting Person to sell to it
200,000 share of K-Swiss, Inc. common stock at a price of $29.8169 per
share. In connection with the execution of the collar arrangement, the
financial institution paid a net fee of $1,067,986 to the Reporting
Person.
JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY
By:/s/Jane T. Philippi
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Jane T. Philippi Date
Vice President
****Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Page 2
SEC 1474 (3/91)
Note: File three copies of this Form, one of which must be manually signed
If space provided is insufficient, see Instruction 6 for procedure.
