Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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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1. Name and Address of Reporting Person *
GREENBERG JEFFREY
 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
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

228 MANHATTAN BEACH BLVD.		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2010
(Street)


MANHATTAN BEACH, CA 90266		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Class A Common Stock 12/10/2010   G5 62,740 D $ 0 226,257 D  
Class A Common Stock 12/10/2010   G5 62,740 A $ 0 62,740 (1) I Jeffrey Greenberg 2010 GRAT
Class A Common Stock             7,964 I Chloe July Greenberg 2004 Trust
Class A Common Stock             7,964 I Catherine Elle Greenberg 2006 Trust

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 2270 (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 at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (2)   12/10/2010   G   287,260   (3)   (3) Class A Common Stock
287,260
(3) 29,329
I
Jeffrey and Lori Greenberg Family Trust
Class B Common Stock (2)   12/10/2010   G 287,260     (3)   (3) Class A Common Stock
287,260
(3) 287,260 (1)
I
Jeffrey Greenberg 2010 GRAT
Class B Common Stock (2)               (3)   (3) Class A Common Stock
930
  930
I
Chloe July Greenberg 2009 Trust
Class B Common Stock (2)               (3)   (3) Class A Common Stock
930
  930
I
Catherine Elle Greenberg 2009 Trust
Class B Common Stock (2)               (3)   (3) Class A Common Stock
10,792
  10,792
I
Chloe July Greenberg UTMA/CA
Class B Common Stock (2)               (3)   (3) Class A Common Stock
7,492
  7,492
I
Catherine Elle Greenberg UTMA/CA
Class B Common Stock (2)               (3)   (3) Class A Common Stock
36,476
  36,476
I
Chloe July Greenberg 2004 Trust
Class B Common Stock (2)               (3)   (3) Class A Common Stock
30,000
  30,000
I
Catherine Elle Greenberg 2006 Trust

Reporting Owners

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

Signatures

Jeffrey Greenberg 04/15/2011
**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) These shares are held in a grantor retained annuity trust ("GRAT") for the benefit of the reporting person's children. The reporting person's spouse is trustee of the GRAT. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
(2) 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 stockholders.
(3) 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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