Form 4 for GIII G III APPAREL GROUP LTD /DE/

Accepted 2023-12-14 00:00:00 ET · period of report 2023-12-12 · accession 0001127602-23-029651 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
M	2023-12-14	2023-12-12	GIII	GOLDFARB MORRIS	CEO, Dir	J - Other	$33.25	+1.00M	3.50M	+40%	+$33.25M

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock, Par Value $.01 Per Share	2023-12-12	J	A	500,000	$33.25	3,999,276	D	—	—	(F1) Effective December 12, 2023, Mr. Goldfarb withdrew 500,000 shares of common stock from each of the Morris Goldfarb 2023 GRAT JG II and the Morris Goldfarb 2023 GRAT LF II, each of which is a grantor retained annuity trust for the benefit of himself and his children, in exchange for promissory notes. The principal amount of each promissory note is equal to the average of the high and low sales prices of G-III Apparel Group Ltd.'s common stock on such date, multiplied by the number of shares of common stock withdrawn from the corresponding GRAT.
2	Common	Common Stock, Par Value $.01 Per Share	2023-12-12	J	A	500,000	$33.25	3,499,276	D	—	—	(F1) Effective December 12, 2023, Mr. Goldfarb withdrew 500,000 shares of common stock from each of the Morris Goldfarb 2023 GRAT JG II and the Morris Goldfarb 2023 GRAT LF II, each of which is a grantor retained annuity trust for the benefit of himself and his children, in exchange for promissory notes. The principal amount of each promissory note is equal to the average of the high and low sales prices of G-III Apparel Group Ltd.'s common stock on such date, multiplied by the number of shares of common stock withdrawn from the corresponding GRAT.