SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D/A
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(AMENDMENT NO. 16)
CHEROKEE, INC.
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(Name of Issuer)
Common Stock, par value $.02 per share
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(Title of Class of Securities)
16444H102
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(CUSIP NUMBER)
Timothy G. Ewing
Value Partners, Ltd.
c/o Ewing & Partners
Suite 808
4514 Cole Avenue
Dallas, Texas 75205
Tel. No.: (214) 522-2100
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 11, 2002
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(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
CUSIP No. 16444H102 13D/A
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Value Partners, Ltd. - 75-2291866
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEM 2(d) or 2(e)
Not Applicable
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY ---------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON WITH ---------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON
PN
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2
CUSIP No. 16444H102 13D/A
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Ewing & Partners - 75-2741747
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEM 2(d) or 2(e)
Not Applicable
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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7 SOLE VOTING POWER
NUMBER OF
SHARES 86,339
BENEFICIALLY ---------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0*
PERSON WITH ---------------------------------------------------
9 SOLE DISPOSITIVE POWER
86,339
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10 SHARED DISPOSITIVE POWER
0*
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
86,339*
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.0%*
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14 TYPE OF REPORTING PERSON
PN
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*But see Item 5
3
CUSIP No. 16444H102 13D/A
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Timothy G. Ewing
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEM 2(d) or 2(e)
Not applicable
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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7 SOLE VOTING POWER
NUMBER OF
SHARES 41,077
BENEFICIALLY ---------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0*
PERSON WITH ---------------------------------------------------
9 SOLE DISPOSITIVE POWER
41,077
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10 SHARED DISPOSITIVE POWER
0*
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,077*
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%*
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14 TYPE OF REPORTING PERSON
IN
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*But see Item 5
4
AMENDMENT NO. 16 TO SCHEDULE 13D
This Amendment No. 16 to Schedule 13D is being filed on behalf of
Value Partners, Ltd., a Texas limited partnership ("Value Partners"), Ewing &
Partners, a Texas general partnership ("Ewing & Partners"), and Timothy G. Ewing
("Ewing"), the managing general partner of Ewing & Partners, as an amendment to
the Statement on Schedule 13D, relating to shares of common stock, par value
$.02 per share ("Common Stock"), of Cherokee, Inc. (the "Issuer"), as filed with
the Securities and Exchange Commission on February 6, 1995, and as amended from
time to time since such date to the date hereof (the "Statement"). The Statement
is hereby amended and supplemented as follows:
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 of the Statement is hereby amended and restated in its entirety to read
as follows:
As of the date hereof, Value Partners beneficially owns 0 shares of
Common Stock.
As of the date hereof, Ewing & Partners beneficially owns 86,339
shares of Common Stock. Ewing & Partners received all 86,339 shares of Common
Stock beneficially owned by it as the result of a distribution from Value
Partners, Ltd., of which it is the general partner. Ewing & Partners holds all
86,339 shares of Common Stock beneficially owned by it solely for investment
purposes. Depending on its evaluation of the Issuer, other investment
opportunities, market conditions, and such other factors as it may deem
material, Ewing & Partners may seek to acquire additional shares of Common Stock
in the open market, in private transactions, or otherwise, or may dispose of all
or a portion of the shares of Common Stock owned by it.
Ewing acquired the 31,077 shares of Common Stock owned directly by him
solely for his personal investment purposes. On June 14, 1999, Mr. Ewing was
granted options from the Issuer to purchase 5,000 shares of Common Stock at a
price of $8.00 per share. These options are immediately exercisable and will
expire June 14, 2009. On May 31, 2000, Mr. Ewing was granted options from the
Issuer to purchase 5,000 shares of Common Stock at a price of $7.0625 per share.
These options are immediately exercisable and expire May 31, 2010. Thus, Ewing
beneficially owns 41,077 shares of Common Stock. Depending on his evaluation of
the Issuer, other investment opportunities, market conditions, and such other
factors as he may deem material, Ewing may seek to acquire additional shares of
Common Stock in the open market, in private transactions, or otherwise, or may
dispose of all or a portion of the shares of Common Stock owned by him.
Except as set forth above, none of Value Partners, Ewing and Ewing &
Partners has any plans or proposals of the type referred to in clauses (a)
through (j) of Item 4 of Schedule 13D.
5
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Statement is hereby amended and restated as follows:
(a) - (e) Value Partners, Ewing & Partners and Ewing all ceased to be
beneficial owners of more than 5 percent of the Common Stock of the Issuer on
October 11, 2002.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 5 Joint Filing Agreement dated October 30, 2000 between Value Partners,
Ewing & Partners and Ewing.
6
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: October 11, 2002
VALUE PARTNERS, LTD.
By: EWING & PARTNERS
as General Partner
By: /s/ TIMOTHY G. EWING
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Timothy G. Ewing
as Managing Partner
EWING & PARTNERS
By: /s/ TIMOTHY G. EWING
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Timothy G. Ewing
as Managing Partner
/s/ TIMOTHY G. EWING
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Timothy G. Ewing
7
INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
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5 Joint Filing Agreement dated October 30, 2000 between Value Partners,
Ewing & Partners and Ewing.