SEC Form 4 · accession 0001127602-15-017244
G III APPAREL GROUP LTD /DE/ · GIII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sammy Aaron
Officer — Vice Chairman · Director
Period of report
May 12, 2015
Accepted (ET)
May 14, 2015 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000821002
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $.01 Per ShareF1 | May 12, 2015 | A | 88,230 | $0.00 | A | 581,930 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The above-named person will be entitled to receive: (a) 35,292 shares of common stock on an April 12, 2019 vesting date, provided that (i) the above-named person is continuously employed by, or provides other service to, the Company through that date and (ii) during any period of twenty consecutive trading days subsequent to May 12, 2015 (the "Reference Date") and on or prior to April 12, 2019, the average closing price of the Company's common stock is at least $65.17 (which is 15% greater than the closing price of the Company's common stock on the Nasdaq Global Select Market on the Reference Date); and (b) 52,938 shares of common stock on a June 12, 2020 vesting date, provided that (i) the above-named person is continuously employed by, or provides other service to, the Company through that date and (ii) during any period of twenty consecutive trading days subsequent to Reference Date and on or prior to June 12, 2020, the average closing price of the Company's common stock is at least $68.00 (which is 20% greater than the closing price of the Company's common stock on the Nasdaq Global Select Market on the Reference Date).