G III APPAREL GROUP LTD /DE/
SC 13G/A, 1999-02-12
APPAREL & OTHER FINISHD PRODS OF FABRICS & SIMILAR MATL
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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. 4)*


                            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).

                                       -1-



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<TABLE>
<CAPTION>
CUSIP No. 36237 H 101                  13G               Page  2  of   5   Pages

- --------------------------------------------------------------------------------
<S>                                                                      <C>
  1    NAME OF REPORTING PERSON
       S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

       Aron Goldfarb
- --------------------------------------------------------------------------------
  2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                        (a) [ ]
                                                                        (b) [ ]
- --------------------------------------------------------------------------------
  3    SEC USE ONLY


- --------------------------------------------------------------------------------
  4    CITIZENSHIP OR PLACE OF ORGANIZATION

       United States
- --------------------------------------------------------------------------------

                         5    SOLE VOTING POWER
      NUMBER OF
        SHARES                1,117,705 shares of Common Stock, par value $.01
     BENEFICIALLY        -------------------------------------------------------
       OWNED BY          6    SHARED VOTING POWER
         EACH
      REPORTING               None
        PERSON           -------------------------------------------------------
         WITH            7    SOLE DISPOSITIVE POWER

                               1,117,705 shares of Common Stock, par value $.01
                         -------------------------------------------------------

                         8    SHARED DISPOSITIVE POWER

                              None
- --------------------------------------------------------------------------------


9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
        PERSON 1,117,705 shares which includes 133,750 shares which may be
        acquired within 60 days upon the exercise of options
- --------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
        CERTAIN SHARES*                                                     [ ]
- --------------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
              16.6%
- --------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*
        IN
- --------------------------------------------------------------------------------
</TABLE>

                      *SEE INSTRUCTION BEFORE FILLING OUT!

                                       -2-



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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.

<TABLE>
<S>            <C>                      
Item 1(a)      Name of Issuer:
               ---------------

               G-III Apparel Group, Ltd.

Item 1(b)      Address of Issuer's Principal Executive Offices:
               ------------------------------------------------

               512 Seventh Avenue
               New York, New York  10018

Item 2(a)      Name of Person Filing:
               ----------------------

               See Item 1 of the cover page attached hereto

Item 2(b)      Address of Principal Business Office,
               or if none, Residence:                         
               -------------------------------------

               c/o G-III Apparel Group, Ltd.
               512 Seventh Avenue
               New York, New York  10018

Item 2(c)      Citizenship:
               ------------

               See Item 4 of the cover page attached hereto

Item 2(d)      Title of Class of Securities:
               -----------------------------

               Common Stock, par value $.01

Item 2(e)      CUSIP Number:
               -------------

               36237 H 101

Item 3         Identity of Reporting Person
               ----------------------------

               Not Applicable

Item 4         Ownership:
               ----------

               (a)    Amount beneficially owned:
                      See Item 9 of the cover page attached hereto which
                      includes 133,750 shares which may be acquired within 60
                      days upon the exercise of options.

               (b)    Percent of Class:
                      See Item 11 of the cover page attached hereto.

</TABLE>

                                       -3-



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<TABLE>

<S>            <C>
               (c)    Number of Shares Beneficially Owned by Reporting Person
                      -------------------------------------------------------

                      (i)    sole voting power:  1,117,705 shares of Common Stock, 
                             par value $.01.

                      (ii)   shared voting power: None

                      (iii)  sole dispositive power: 1,117,705 shares of Common
                             Stock, par value $.01.

                      (iv)   shared dispositive power: None

Item 5         Ownership of Five Percent or Less of a Class:
               ---------------------------------------------

                      Not Applicable

Item 6         Ownership of More than Five Percent on Behalf of Another Person:
               ----------------------------------------------------------------

                      Not Applicable

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:
               --------------
</TABLE>

               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.

                                       -4-



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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/ Aron Goldfarb
                                                   ------------------
                                                   ARON GOLDFARB

                                       -5-



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