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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
I.C. Isaacs & Company, Inc.
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(NAME OF ISSUER)
Common Stock
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(TITLE OF CLASS OF SECURITIES)
464192103
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(CUSIP NUMBER)
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CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE
IS FILED:
/ / RULE 13d-1(b)
/X/ RULE 13d-1(c)
/ / RULE 13d-1(c)
PAGE 1 OF 6 PAGES
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CUSIP NO. 464192103 SCHEDULE 13G PAGE 2 OF 6 PAGES
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<TABLE>
<S> <C> <C>
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1 NAME OF REPORTING PERSON:
Latitude Licensing Corp.
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
500,000
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NUMBER 6 SHARED VOTING POWER
OF SHARES
BENEFICIALLY 0
OWNED BY
EACH ------ ---------------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 500,000
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.9%
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12 TYPE OF REPORTING PERSON*
CO
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 464192103 SCHEDULE 13G PAGE 3 OF 6 PAGES
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ITEM 1.
(a) Name of Issuer
I.C. Isaacs & Company, Inc.
(b) Address of Issuer's Principal Executive Offices
3840 Bank Street
Baltimore, Maryland 21224-2522
ITEM 2.
(a) Name of Person Filing
Latitude Licensing Corp.
(b) Address of Principal Business Office or, if none, Residence
22 Carpenter Plaza
Wilmington, Delaware 19810
(c) Citizenship
Delaware
(d) Title of Class of Securities
Common Stock, $.0001 par value per share
(e) CUSIP Number
464192103
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR
13d-2(b), 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
(e) / / Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
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CUSIP NO. 464192103 SCHEDULE 13G PAGE 4 OF 6 PAGES
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(f) / / Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see ss.240.13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with
ss.240.13d-1(b)(ii)(G) (Note: See Item 7)
(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)
If this statement is filed pursuant to Rule 13d-1(c), check this box
|X|
ITEM 4. OWNERSHIP
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer defined in Item 1.
(a) Amount Beneficially Owned
500,000
(b) Percent of Class
6.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
500,000
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition
of 500,000
(iv) shared power to dispose or to direct the disposition
of 0
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CUSIP NO. 464192103 SCHEDULE 13G PAGE 5 OF 6 PAGES
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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 |X|.
The securities as to which this Schedule is filed were issued to Latitude
Licensing Corp. by I.C. Isaacs & Company, Inc. on August 9, 1999 and transferred
by Latitude Licensing Corp. to Wurzburg S.A. immediately thereafter. Latitude
Licensing Corp. is no longer the beneficial owner of such securities.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
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
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
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CUSIP NO. 464192103 SCHEDULE 13G PAGE 6 OF 6 PAGES
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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.
The parties agree that this statement is filed on behalf of each of
them.
Dated: August 17, 1999
LATITUDE LICENSING CORP.
By:/s/Pierre Martin
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Name: Pierre Martin
Title: Vice President
