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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. 5)*
G-III Apparel Group, Ltd.
(Name of Issuer)
Common Stock, $.01 par value per share
(Title of Class of Securities)
36237 H 101
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*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).
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CUSIP No. 36237 H 101 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morris Goldfarb
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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
United States
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5 SOLE VOTING POWER
NUMBER OF
SHARES 2,451,676 shares of Common Stock, par value $.01
BENEFICIALLY -----------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 260,000 shares of Common Stock, par value $.01
PERSON -----------------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
2,451,676 shares of Common Stock, par value $.01
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8 SHARED DISPOSITIVE POWER
260,000 shares of Common Stock, par value $.01
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 2,711,676 shares which includes (i) 384,250 shares which may be
acquired within 60 days upon the exercise of options, (ii) 130,000 shares
held in a trust, of which the reporting person's spouse is one of two trustees
with shared voting and dispositive power, for the benefit of the reporting
person's daughter, (iii) 130,000 shares held in a trust, of which the
reporting person's spouse is one of two trustees with shared voting and
dispositive power, for the benefit of the reporting person's son, and (iv)
19,889 shares owned by the reporting person's son, who shares the reporting
person's household.
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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
40.4%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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This Schedule 13-G reflects a statement of beneficial ownership of
securities of the reporting person as of December 31, 1998.
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Item 1(a) Name of Issuer:
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G-III Apparel Group, Ltd.
Item 1(b) Address of Issuer's Principal Executive Offices:
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512 Seventh Avenue
New York, New York 10018
Item 2(a) Name of Person Filing:
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See Item 1 of the cover page attached hereto
Item 2(b) Address of Principal Business Office,
or if none, Residence:
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c/o G-III Apparel Group, Ltd.
512 Seventh Avenue
New York, New York 10018
Item 2(c) Citizenship:
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See Item 4 of the cover page attached hereto
Item 2(d) Title of Class of Securities:
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Common Stock, par value $.01
Item 2(e) CUSIP Number:
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36237 H 101
Item 3 Identity of Reporting Person
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Not Applicable
Item 4 Ownership:
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(a) Amount beneficially owned:
See Item 9 of the cover page attached hereto which
includes (i) 384,250 shares which may be acquired within
60 days upon the exercise of options, (ii) 130,000 shares
held in a trust, of which the reporting person's spouse
is one of two trustees with shared voting and dispositive power,
for the benefit of the reporting person's daughter, (iii) 130,000
shares held in a trust, of which the reporting person's spouse
is one of two trustees with shared voting and dispositive power,
for the benefit of the reporting person's son, and (iv) 19,889
shares owned by the reporting person's son, who shares the
reporting person's household.
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(b) Percent of Class:
See Item 11 of the cover page attached hereto.
(c) Number of Shares Beneficially Owned by Reporting Person
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(i) sole voting power: 2,451,676 shares of Common Stock, par value
$.01.
(ii) shared voting power: 260,000 shares of Common Stock, par value
$.01
(iii) sole dispositive power: 2,451,676 shares of
Common Stock, par value $.01.
(iv) shared dispositive power: 260,000 shares of Common Stock, par value
$.01.
Item 5 Ownership of Five Percent or Less of a Class:
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Not Applicable
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
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Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
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Not Applicable
Item 8 Identification and Classification of Members of the Group:
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Not Applicable
Item 9 Notice of Dissolution of Group:
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Not Applicable
Item 10 Certification:
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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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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 8, 1999
/s/ Morris Goldfarb
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MORRIS GOLDFARB
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