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 ROBERT
  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 __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last)
(First)
(Middle)
228 MANHATTAN BEACH BLVD.
3. Date of Earliest Transaction (Month/Day/Year)
03/23/2007
(Street)

MANHATTAN BEACH, CA 90266
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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
Class A Common Stock 03/23/2007   C(1)   50,000 A (1) 50,000 I By Greenberg Family Trust
Class A Common Stock 03/23/2007   S   50,000 D $ 35.5 0 I By Greenberg Family Trust
Class A Common Stock 03/26/2007   C(1)   44,100 A (1) 44,100 I By Greenberg Family Trust
Class A Common Stock 03/26/2007   S   44,100 D $ 35.1066 0 I By Greenberg Family Trust

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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
Class B Common Stock (2) 03/23/2007   C     50,000   (2)   (2) Class A Common Stock 50,000 (2) 10,258,240 I By Greenberg Family Trust
Class B Common Stock (2) 03/26/2007   C     44,100   (2)   (2) Class A Common Stock 44,100 (2) 10,214,140 I By Greenberg Family Trust

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GREENBERG ROBERT
228 MANHATTAN BEACH BLVD.
MANHATTAN BEACH, CA 90266
  X   X   Chief Executive Officer  
GREENBERG M SUSAN
228 MANHATTAN BEACH BLVD.
MANHATTAN BEACH, CA 90266
    X    
GREENBERG FAMILY TRUST
228 MANHATTAN BEACH BLVD.
MANHATTAN BEACH, CA 90266
    X    

Signatures

 Philip Paccione, Attorney-in-fact   03/27/2007
**Signature of Reporting Person Date

 Philip Paccione, Attorney-in-fact   03/27/2007
**Signature of Reporting Person Date

 Philip Paccione, Attorney-in-fact on behalf of Robert Greenberg and M. Susan Greenberg   03/27/2007
**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) Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock for no additional consideration.
(2) 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 upon any sale or transfer of such shares with certain exceptions.

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