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 *
HULL KEITH M
  2. Issuer Name and Ticker or Trading Symbol
CHEROKEE INC [CHKE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
9 HIGHGATE WEST
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2014
(Street)

AUGUSTA, GA 30909
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)
Code V Amount (A) or (D) Price
Common Stock               5,000 D  
Restricted Common Stock Award               6,500 D  
Common Stock 08/04/2014   A   3,603 A $ 13.87 (2) 10,103 D  

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Option $ 16.08             02/01/2011 02/01/2015 Common Stock 2,666   2,666 D  
Common Stock Option $ 16.08             02/01/2012 02/01/2015 Common Stock 2,667   5,333 D  
Common Stock Option $ 16.08             02/01/2013 02/01/2015 Common Stock 2,667   8,000 D  
Common Stock Option $ 17.21             03/23/2012 03/23/2018 Common Stock 2,666   10,666 D  
Common Stock Option $ 17.21             03/23/2013 03/23/2018 Common Stock 2,667   13,333 D  
Common Stock Option $ 17.21             03/23/2014 03/23/2018 Common Stock 2,667   16,000 D  
Common Stock Option $ 13.06             06/18/2012 06/18/2019 Common Stock 5,500   21,500 D  
Common Stock Option $ 12.65             06/27/2013 06/27/2020 Common Stock 5,500   27,000 D  
Restricted Stock Units (1)             06/27/2016 06/27/2016 Common Stock 2,500   29,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HULL KEITH M
9 HIGHGATE WEST
AUGUSTA, GA 30909
  X      

Signatures

 Jason Boling under POA for Keith Hull   08/04/2014
**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) Each restricted stock unit represents a contingent right to receive one share of common stock of Cherokee Inc.
(2) In accordance with Cherokee's current compensation programs for non-employee directors, each non-employee director may elect to receive all or a portion of such director's annual retainer fees in restricted stock units in lieu of cash payments. The price per unit was established concurrently with the recipient's election regarding whether to receive restricted stock units in lieu of cash for such recipient's service over a one year period ending on August 4, 2015.
 
Remarks:
Effective August 4, 2014, the Compensation Committee of the Board of Directors of Cherokee Inc. ("Cherokee") granted Mr. Hull restricted stock units for 3,603 shares of Cherokee's common stock pursuant to Cherokee's current compensation programs for non-employee directors.  Such restricted stock units (i) vest in equal quarterly installments following the date of grant, which vesting may accelerate in certain circumstances and (ii) may only be settled in shares of Cherokee's common stock.

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