Edgar Filing: SKECHERS USA INC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

GREENBERG MICHAEL

2. Issuer Name and Ticker or Trading Symbol
SKECHERS USA INC [SKX]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
President

(Last)

(First)

(Middle)

228 MANHATTAN BEACH BLVD.

3. Date of Earliest Transaction (Month/Day/Year)
05/16/2007

(Street)

MANHATTAN BEACH, CA 90266

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock								2,764 ⁽¹⁾	I	By Chase Greenberg Custodial Account
Class A Common Stock								2,764 ⁽¹⁾	I	By Harrison Greenberg Custodial Account
Class A Common Stock								2,764 ⁽¹⁾	I	By MacKenna Greenberg Custodial Account
Class A Common Stock								3,076 ⁽¹⁾	I	By Custodial Account for Chase Greenberg
Class A Common Stock								3,076 ⁽¹⁾	I	By Custodial Account for Harrison Greenberg
Class A Common Stock								3,076 ⁽¹⁾	I	By Custodial Account for MacKenna Greenberg
Class A Common Stock								1,708 ⁽¹⁾	I	By Cust. Acct. for Chase Greenberg, IRA
Class A Common Stock								1,708 ⁽¹⁾	I	By Cust. Acct. for Harrison Greenberg, IRA
Class A Common Stock								1,708 ⁽¹⁾	I	By Cust. Acct. for MacKenna Greenberg, IRA
Class A Common Stock								6 ⁽¹⁾	I	By Spouse
Class A Common Stock	05/16/2007		C⁽²⁾		50,000	A	⁽²⁾	65,724.63	D
Class A Common Stock	05/16/2007		S		50,000	D	$ 30.0115	15,724.63	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Class B Common Stock ⁽³⁾

⁽⁴⁾

Class A Common Stock

13,450

13,450 ⁽¹⁾

By Chase Greenberg 2003 Irrevocable Trust

Class B Common Stock ⁽³⁾

⁽⁴⁾

Class A Common Stock

13,450

13,450 ⁽¹⁾

By Harrison Greenberg 2003 Irrevocable Trust

Class B Common Stock ⁽³⁾

⁽⁴⁾

Class A Common Stock

13,450

13,450 ⁽¹⁾

By MacKenna Greenberg 2003 Irrevocable Trust

Class B Common Stock ⁽³⁾

⁽⁴⁾

Class A Common Stock

2,948

3,650 ⁽¹⁾

By Chase Greenberg 2004 Irrevocable Trust

Class B Common Stock ⁽³⁾

⁽⁴⁾

Class A Common Stock

2,948

3,650 ⁽¹⁾

By Harrison Greenberg 2004 Irrevocable Trust

Class B Common Stock ⁽³⁾

⁽⁴⁾

Class A Common Stock

2,948

3,650 ⁽¹⁾

By MacKenna Greenberg 2004 Irrevocable Trust

Class B Common Stock ⁽³⁾

⁽⁴⁾

05/16/2007

50,000

⁽⁴⁾

Class A Common Stock

50,000

⁽⁴⁾

748,691

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
GREENBERG MICHAEL 228 MANHATTAN BEACH BLVD. MANHATTAN BEACH, CA 90266	X		President

Signatures

Michael Greenberg		05/18/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purposes.
(2)	Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock for no additional consideration.
(3)	Holders of Class A Common Stock and Class B Common Stock generally have identical rights, except that holders of Class A Common Stock are entitled to one vote per share while holders of Class B Common Stock are entitled to ten votes per share on matters to be voted on by shareholders.
(4)	Shares of Class B Common Stock are convertible into Class A Common Stock on a one-for-one basis for no additional consideration at any time, with no expiration date, upon voluntary conversion by the holder of such shares or immediately prior to any sale or transfer of such shares with certain exceptions.

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