SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(b) and (c) and
AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
G-III Apparel Group, Ltd.
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(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
36237 H 101
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(CUSIP Number)
January 6, 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).
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CUSIP No. 36237 H 101 13G Page 2 of 5 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Morris 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
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 2,162,337 shares of Common Stock, par value $.01
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 294,278 shares of Common Stock, par value $.01
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 2,162,337 shares of Common Stock, par value $.01
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 294,278 shares of Common Stock, par value $.01
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,840,865 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 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, (iv) 4,500 held in a trust, of which the
reporting person is the trustee, for the benefit of the reporting
person's son and daughter, (v) 19,889 shares owned by the reporting
person's son, who shares the reporting person's household and (vi)
9,889 shares owned by the reporting person's wife.
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
40.0%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Schedule 13-G reflects a statement of beneficial ownership of
securities of the reporting person as of December 31, 1998.
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:
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
Not Applicable
Item 4 Ownership:
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(a) Amount beneficially owned:
<PAGE>
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
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, (iv) 4,500 held in a trust, of which
the reporting person is the trustee, for the benefit
of the reporting person's son and daughter, (v)
19,889 shares owned by the reporting person's son,
who shares the reporting person's household and (vi)
9,889 shares owned by the reporting person's wife.
(b) Percent of Class:
See Item 11 of the cover page attached hereto.
(c) Number of Shares Beneficially Owned by Reporting Person
(i) sole voting power: 2,162,337 shares of
Common Stock, par value $.01.
(ii) shared voting power: 294,278 shares of
Common Stock, par value $.01.
(iii) sole dispositive power: 2,162,337 shares of
Common Stock, par value $.01.
(iv) shared dispositive power: 294,278 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:
Not Applicable
Item 8 Identification and Classification of Members of the Group:
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Not Applicable
<PAGE>
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.
<PAGE>
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 14, 2000
/s/ Morris Goldfarb
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MORRIS GOLDFARB