- Statement of Changes in Beneficial Ownership (4)
September 27 2012 - 11:35AM
Edgar (US Regulatory)
FORM 4
[ ]
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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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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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
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1. Name and Address of Reporting Person
*
Nakatani Christopher I
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2. Issuer Name
and
Ticker or Trading Symbol
COLE KENNETH PRODUCTIONS INC
[
KCP
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
President, Wholesale
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(Last)
(First)
(Middle)
603 WEST 50TH STREET
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3. Date of Earliest Transaction
(MM/DD/YYYY)
9/25/2012
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(Street)
NEW YORK, NY 10019
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock
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9/25/2012
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D
(1)
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4964
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D
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$15.25
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0
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Option to Buy
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$7.07
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9/25/2012
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D
(2)
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5492
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(3)
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5/27/2018
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Class A Common Stock
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5492
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$8.18
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0
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D
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Option to Buy
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$11.8
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9/25/2012
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D
(2)
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20000
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(4)
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5/28/2019
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Class A Common Stock
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20000
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$3.45
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0
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D
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Explanation of Responses:
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(
1)
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Pursuant to the Merger Agreement, by and between the issuer, Kenneth Cole Productions, Inc., and KCP Holdco, Inc., all restricted shares with lapse dates beyond September 25, 2012, the closing date of the merger, are cancelled and reporting person will receive a cash obligation equal to the number of restricted shares multiplied by the conversion price of $15.25 payable on the dates which the restrictions would have lapsed, subject to the reporting person remaining employed through the dates the payments are to be made. The cash obligation does not extend to performance based restricted shares. All such performance based shares are cancelled and all lapsing schedules related thereto are null and void as of the closing date of the merger.
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(
2)
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Disposed of pursuant to the Merger Agreement. All options, whether unvested or vested, were cancelled and converted into the right to receive per share the excess of $15.25 over the per share exercise price.
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(
3)
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The options vested in three annual installments beginning May 27, 2010.
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(
4)
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The options were to vest in three annual installments beginning May 27, 2011.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Nakatani Christopher I
603 WEST 50TH STREET
NEW YORK, NY 10019
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President, Wholesale
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Signatures
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Chris Nakatani
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9/27/2012
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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