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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 7)*
-
K-Swiss Inc.
- --------------------------------------------------------------------------------
(NAME OF ISSUER)
Class A Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
482686102
- --------------------------------------------------------------------------------
(CUSIP NUMBER)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 5 pages
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- ----------------------- ---------------------
CUSIP NO. 482686102 13G PAGE 2 OF 5 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Steven B. Nichols
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 1,781,706
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,781,706
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,781,706
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
32.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5
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SCHEDULE 13G
------------
Item 1 (a) Name of Issuer
--------------
K.Swiss Inc.
Item 1 (b) Address of Issuer's Principal Executive Offices
-----------------------------------------------
31248 Oak Crest Drive
Westlake Village, CA 91361
Item 2 (a) Name of Person Filing
---------------------
Steven B. Nichols
Item 2 (b) Address of Principal Business Office
------------------------------------
c/o K.Swiss Inc.
31248 Oak Crest Drive
Westlake Village, CA 91361
Item 2 (c) Citizenship
-----------
United States
Item 2 (d) Title of Class of Securities
----------------------------
Class A Common Stock, $.01 par value. As set forth below,a
portion of such shares of Class A Common Stock is represented
by shares of Class B Common Stock, which are not registered
under Section 12 of the Securities Exchange Act of 1934 (the
"Act"), but are immediately convertible into an equal number
of shares of Class A Common Stock, $.01 par value, of K.Swiss
Inc. The Class A Common Stock is registered under Section 12
of the Act.
Item 2 (e) CUSIP Number
------------
482686102
Item 3 To be filled out if this statement is filed pursuant to Rules
-------------------------------------------------------------
13d-1(b) or 13d-2(b)
---------------------
Not Applicable.
Page 3 of 5
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Item 4 Ownership
---------
(a) Amount Beneficially Owned
-------------------------
1,781,706 (Shares listed reflect ownership before the two-for-
one stocksplit which was announced by the company on February
8, 1999, for which the record date is March 15, 1999.)
(b) Percent of Class:
----------------
1,519,706 of the shares of Class A Common Stock beneficially
owned by the Reporting Person represent shares of Class B Common Stock
beneficially owned by the Nichols Family Trust (the "Trust"), of which the
Reporting Person serves as trustee. 12,000 of the shares of Class A Common Stock
beneficially owned by the Reporting Person represent shares of Class A Common
Stock beneficially owned by the Trust. 250,000 of the shares of Class A Common
Stock beneficially owned by the Reporting Person represent shares of Class A
Common Stock issuable upon the exercise of options, which options are currently
exercisable or exercisable within 60 days after December 31, 1998 (the
"Options"). If the shares of Class B Common Stock beneficially owned by the
Reporting Person as trustee of the Trust were converted into Class A Common
Stock, and if all of the Options were exercised, the Reporting Person would
beneficially own 32.8% of the outstanding shares of Class A Common Stock.
(c) Number of shares as to which such person has:
--------------------------------------------
(i) sole power to vote or to direct the vote: 1,781,706
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of:
1,781,706
(iv) shared power to dispose or to direct the disposition of: 0
Item 5 Ownership of Five Percent or Less of a Class
--------------------------------------------
Not Applicable.
Item 6 Ownership of More than Five Percent on Behalf of Another Person
---------------------------------------------------------------
Included in the Reporting Person's aggregate amount of 1,781,706
shares owned are 1,531,706 shares beneficially owned by the
Nichols Family Trust.
Page 4 of 5
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Item 7 Identification and Classification of the Subsidiary Which Acquired
------------------------------------------------------------------
the Security Being Reported on by the Parent Holding Company
------------------------------------------------------------
Not applicable.
Item 8 Identification and Classification of Members of the Group
---------------------------------------------------------
Not applicable.
Item 9 Notice of Dissolution of Group
------------------------------
Not applicable.
Item 10 Certification.
--------------
Not applicable.
SIGNATURE
---------
After reasonable inquiry and the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 9, 1999 /s/ Steven B. Nichols
---------------------------------------
Steven B. Nichols
Page 5 of 5
