UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
OLSHAN, KENNETH S.
450 WINKS LANE
BENSALEM, PA 19020
2. Issuer Name and Ticker or Trading Symbol
CHARMING SHOPPES, INC. (CHRS)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
06/02
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
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Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
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1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable Expiration
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Non-Qualified Stock Option $8.04000 06/27/02 A V 6,500 06/01/03 (2) 06/27/12
(right to buy) (1)
Restricted Share Units (3) 06/27/02 A V 3,000 (3) (3)
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
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1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Month
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Non-Qualified Stock Option 06/27/02 Common Stock 6,500 (1) 6,500 D Direct
(right to buy) (1)
Restricted Share Units 06/27/02 Common Stock 3,000 (3) 3,000 D Direct
Explanation of Responses:
(1)
Stock option granted under Charming Shoppes, Inc. Amended and Restated Non-Employee Directors Compensation Program for no
consideration other than services, in a transaction exempt under Rule 16b-3.
(2)
Option becomes exercisable for 20% of the underlying shares, annually, beginning on the date indicated.
(3)
Each restricted share unit ("RSU") represents a right to receive cash upon settlement equal to the value of one share of common
stock or, in certain cases, one share of common stock rather than cash. RSUs were automatically granted under the Company's
Amended and Restated Non-Employee Directors Compensation Program for no consideration other than services, in a transaction exempt
under Rule 16b-3(d), and will vest and become non-forfeitable at June 1, 2003 or earlier in the event of death, disability, or
termination of service as a director in certain other circumstances. RSUs will be settled upon vesting, except that the Reporting
Person may elect to defer settlement, in which case deferred RSUs will be settled in a lump sum or in installments at or following
the Reporting Person's termination of service as a director in accordance with such deferral election.
SIGNATURE OF REPORTING PERSON
/S/ OLSHAN, KENNETH S.
DATE 07/31/02