SEC Form 4 · accession 0001127602-16-052168
G III APPAREL GROUP LTD /DE/ · GIII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Morris Goldfarb
Officer — CEO and President · Director · 10% Owner
Period of report
May 11, 2016
Accepted (ET)
May 13, 2016 · 4:12 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 Share | May 11, 2016 | J | 100,000 | $40.19 | A | 2,577,699 | D | |
| Common Stock, Par Value $.01 Per Share | May 11, 2016 | J | 100,000 | $40.19 | D | 0 | I | Morris Goldfarb 2015 GRAT JG |
| Common Stock, Par Value $.01 Per Share | May 11, 2016 | J | 500,000 | $40.19 | A | 3,077,699 | D | |
| Common Stock, Par Value $.01 Per Share | May 11, 2016 | J | 500,000 | $40.19 | D | 0 | I | Morris Goldfarb 2015 GRAT JG II |
| Common Stock, Par Value $.01 Per Share | May 11, 2016 | J | 100,000 | $40.19 | A | 3,177,699 | D | |
| Common Stock, Par Value $.01 Per Share | May 11, 2016 | J | 100,000 | $40.19 | D | 0 | I | Morris Goldfarb 2015 GRAT LF |
| Common Stock, Par Value $.01 Per Share | May 11, 2016 | J | 500,000 | $40.19 | A | 3,677,699 | D | |
| Common Stock, Par Value $.01 Per Share | May 11, 2016 | J | 500,000 | $40.19 | D | 0 | I | Morris Goldfarb 2015 GRAT LF II |
| Common Stock, Par Value $.01 Per Share | May 11, 2016 | J | 600,000 | $39.16 | A | 600,000 | I | Morris Goldfarb 2016 GRAT JG |
| Common Stock, Par Value $.01 Per Share | May 11, 2016 | J | 600,000 | $39.16 | D | 3,077,699 | D | |
| Common Stock, Par Value $.01 Per Share | May 11, 2016 | J | 600,000 | $39.16 | A | 600,000 | I | Morris Goldfarb 2016 GRAT LF |
| Common Stock, Par Value $.01 Per Share | May 11, 2016 | J | 600,000 | $39.16 | D | 2,477,699 | D | |
| Common Stock, Par Value $.01 Per Share | holding | — | — | — | 200,000 | I | Arlene Goldfarb 2012 Delaware Trust | |
| Common Stock, Par Value $.01 Per Share | holding | — | — | — | 166,750 | I | Goldfarb Family Partners, LLC | |
| Common Stock, Par Value $.01 Per Share | holding | — | — | — | 200,000 | I | Morris Goldfarb 2012 Delaware Trust | |
| Common Stock, Par Value $.01 Per Share | holding | — | — | — | 29,666 | I | Spouse | |
| Common Stock, Par Value $.01 Per Share | holding | — | — | — | 92,802 | I | The Morris And Arlene Goldfarb Family Foundation | |
| Common Stock, Par Value $.01 Per Share | holding | — | — | — | 130,000 | I | Trust For Daughter ( Spouse Is Trustee) | |
| Common Stock, Par Value $.01 Per Share | holding | — | — | — | 130,000 | I | Trust For Son (spouse Is Trustee) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective May 11, 2016, Mr. Goldfarb withdrew 100,000 shares of common stock from each of the Morris Goldfarb 2015 GRAT JG and the Morris Goldfarb 2015 GRAT LF and 500,000 shares of common stock from each of the Morris Goldfarb 2015 GRAT JG II and the Morris Goldfarb 2015 GRAT LF II in exchange for promissory notes. The principal amount of each promissory note is equal to the average of the high and low sales prices of our common stock on such date, multiplied by the number of shares of common stock withdrawn from the corresponding GRAT.
- F2Effective May 11, 2016, Mr. Goldfarb transferred 600,000 shares of common stock to each of the Morris Goldfarb 2016 GRAT JG and the Morris Goldfarb 2016 GRAT LF.