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OMB APPROVAL
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OMB Number: 3235-0145
Expires: November 30, 1999
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
Wilsons The Leather Experts Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
972463 10 3
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(CUSIP Number)
December 31, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
POTENTIAL PERSONS WHO ARE TO 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.
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CUSIP NO. 972463 10 3 13G
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Morris Goldfarb
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
Not Applicable
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF
1,549,180.0
SHARES
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 151,800.0
EACH -------------------------------------------
7 SOLE DISPOSITIVE POWER
REPORTING
1,549,180.0
PERSON
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WITH: 8 SHARED DISPOSITIVE POWER
151,800.0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,700,980.0
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.4%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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ITEM 1.
(a) Name of Issuer
Wilsons The Leather Experts Inc.
(b) Address of Issuer's Principal Executive Offices
7401 Boone Avenue North
Brooklyn Park, Minnesota 55428
ITEM 2.
(a) Name of Person Filing
Morris Goldfarb
(b) Address of Principal Business Office or, if none, Residence
G-III Apparel Group, Ltd.
512 Seventh Avenue
New York, New York 10018
(c) Citizenship
United States
(d) Title of Class of Securities
Common Stock, $.01 par value
(e) CUSIP Number
972463 10 3
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS. 240.13d-1(b) OR
240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) [_] Broker or dealer registered under section 15 of the Act.
(b) [_] Bank as defined in section 3(a)(6) of the Act.
(c) [_] Insurance company as defined in section 3(a)(19) of the Act.
(d) [_] Investment company registered under section 8 of the
Investment Company Act of 1940.
(e) [_] An investment adviser in accordance with
ss. 240.13d-1(b)(1)(ii)(E).
(f) [_] An employee benefit plan or endowment fund in accordance
with ss. 240.13d-1(b)(1)(ii)(F).
(g) [_] A parent holding company or control person in accordance
with ss. 240.13d-1(b)(1)(ii)(G).
(h) [_] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act.
(i) [_] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940.
(j) [_] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J).
Not Applicable
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ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned
1,700,980.0
(b) Percent of Class
15.4%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
1,549,180.0
(ii) Shared power to vote or to direct the vote
151,800.0
(iii) Sole power to dispose or to direct the disposition of
1,549,180.0
(iv) Shared power to dispose or to direct the disposition of
151,800.0
See Item 6 for further information regarding the nature
of the reporting person's beneficial ownership of
certain of the above-referenced shares.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the
following [_].
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
The 151,800 shares of Common Stock listed in Item 4 under shared power
are owned by the Goldfarb Family Partners L.L.C. (the "LLC") of which
Mr. Goldfarb is the manager. The LLC has the right to receive
dividends from, and the proceeds of the sale of, the shares of Common
Stock held by it.
The shares listed in Item 4 under sole power include 22,000 options to
purchase Common Stock. The options are currently fully exercisable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
ITEM 10. CERTIFICATION
Not Applicable
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 9, 2000
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Date
/s/ Morris Goldfarb
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Signature
Morris Goldfarb
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Name/Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7 for other
parties for whom copies are to be sent.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
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