SEC Form 4 · accession 0001127602-16-049274
G III APPAREL GROUP LTD /DE/ · GIII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laura H Pomerantz
Director
Period of report
Apr 14, 2016
Accepted (ET)
Apr 18, 2016 · 7:16 am 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 Share | Apr 14, 2016 | M | 1,200 | $4.10 | A | 17,035 | D | |
| Common Stock, Par Value $.01 Per ShareF1,F2 | Apr 14, 2016 | S | 109 | $45.3929 | D | 16,926 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $4.10 | Apr 14, 2016 | M | 1,200 | D | Jun 9, 2007 | Jun 9, 2016 | Common Stock | 1,200 | 0 | D |
Explanation of responses
- F1Represents shares sold to cover the cost of the shares issued to the reporting person in connection with the exercise of 1,200 stock options.
- F2The reported price represents the weighted average price for shares sold in multiple transactions ranging from $45.37 to $45.40. The details of the amounts and prices will be provided to the Issuer, any shareholders of the Issuer or the SEC on request.
- F3The option is subject to vesting at an annual rate of 20% commencing on the first anniversary of the grant date.