UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 7)*
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)
December 31, 2002
-------------------------
(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).
--------------------------------------------------------------------------------
CUSIP No. 36237 H 101 13G Page 2 of 5 Pages
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
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 958,355 shares of Common Stock, par value $.01
SHARES ---------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY None
EACH ---------------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 958,355 shares of Common Stock, par value $.01
WITH ---------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,013,355 shares which includes 55,000 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 (See Instructions) [ ]
--------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.7%
--------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
IN
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
CUSIP No. 36237 H 101 13G Page 3 of 5 Pages
--------------------------------------------------------------------------------
This Schedule 13-G reflects a statement of beneficial ownership of securities of
the reporting person as of December 31, 2002.
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:
--------------------------------------------------------------------------------
CUSIP No. 36237 H 101 13G Page 4 of 5 Pages
--------------------------------------------------------------------------------
See Item 9 of the cover page attached hereto which
includes 55,000 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.
(c) Number of Shares Beneficially Owned by Reporting Person
(i) sole power to vote or direct the vote: 958,355
shares of Common Stock, par value $.01.
(ii) shared power to vote or direct the vote: None
(iii) sole power to dispose or direct the disposition
of: 958,355 shares of Common Stock, par value
$.01.
(iv) shared power to dispose or direct the disposition
of: 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 or Control Person:
-------------------------------------------------------------
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:
-------------
Not Applicable
--------------------------------------------------------------------------------
CUSIP No. 36237 H 101 13G Page 5 of 5 Pages
--------------------------------------------------------------------------------
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 13, 2003
/s/ Aron Goldfarb
--------------------------------
ARON GOLDFARB