Schedule 13G
United States
Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No.
02)*
- Cherokee Inc
- (Name of Issuer)
- Common Stock
- (Title of Class of Securities)
- 16444H102
- (CUSIP Number)
- December 31, 2008
- (Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
√
| Rule 13d-1(b) |
| Rule 13d-1(c) |
| Rule 13d-1(d) |
* 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).
CUSIP No. 16444H102
-
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC
95-4575414
-
Check the Appropriate Box if a Member of a Group (See Instructions)
-
-
- SEC Use Only
-
Citizenship or Place of Organization
Is A California Limited Liability Company
Number of Shares Beneficially Owned by Each Reporting Person With:
-
Sole Voting Power
658,457
-
Shared Voting Power
0
-
Sole Dispositive Power
658,457
-
Shared Dispositive Power
0
-
Aggregate Amount Beneficially Owned by Each Reporting Person
658,457
-
Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See Instructions)
-
Percent of Class Represented by Amount in Row 9
7.47%
-
Type of Reporting Person (See Instructions)
IA
Item 1.
-
Name of Issuer
Cherokee, Inc.
-
Address of Issuer's Principal Executive Offices
6835 Valjean Ave
Van Nuys, CA 91406-4713
Item 2.
-
Name of Person Filing
Kayne Anderson Rudnick Investment Management, LLC
-
Address of Principal Business Office or, if None, Residence
1800 Avenue Of The Stars, 2nd Floor
Los Angeles, CA 90067
-
Citizenship
Is A California Limited Liability Company
-
Title of Class of Securities
Common Stock
-
CUSIP Number
16444H102
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether
the person filing is a:
-
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
-
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
-
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
-
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
-
√
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
-
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
-
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
-
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
-
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
-
Group, in accordance with §240.13d-1(b)(1)(ii)(J).
Item 4. Ownership
-
Amount beneficially owned:
658,457
-
Percent of class:
7.47%
-
Number of shares as to which the person has:
-
Sole power to vote or to direct the vote:
658,457
-
Shared power to vote or to direct the vote:
0
-
Sole power to dispose or to direct the disposition of:
658,457
-
Shared power to dispose or to direct the disposition of:
0
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the following
.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
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
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above
were acquired and are held in the ordinary course of business and were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of the issuer of the securities
and were not acquired and are not held in connection with or as a participant in any transaction having
that purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement
is true, complete and correct.
- February 10, 2009
- Date
- Kayne Anderson Rudnick Investment Management, LLC
/s/ Jeannine Vanian - Signature
- Jeannine Vanian
Chief Operating Officer - Name / Title
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.
See §240.13d-7 for other parties for whom copies are to be sent.
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)