G III APPAREL GROUP LTD /DE/ - Director's Dealing 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: G III APPAREL GROUP LTD /DE/ (GIII)
CIK: 0000821002
Period of Report: 2011-04-15

Reporting Person: NACKMAN NEAL (Chief Financial Officer/Treas)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-15	Common Stock, Par Value $.01 Per Share	M	3750	—	Acquired	10191	Direct
2011-04-15	Common Stock, Par Value $.01 Per Share	M	10000	$7.13	Acquired	20191	Direct
2011-04-15	Common Stock, Par Value $.01 Per Share	S	10000	$38.2953	Disposed	10191	Direct
2011-04-18	Common Stock, Par Value $.01 Per Share	F	2336	$37.9082	Disposed	7855	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-15	Restricted Stock Units	$0	M	3750	Disposed	2013-04-15	Common Stock (3750)	Direct
2011-04-15	Stock Option (Right to Buy)	$7.13	M	10000	Disposed	2013-12-02	Common Stock (10000)	Direct

F1: The option is subject to vesting at an annual rate of 20% commencing on the first anniversary of the grant date.

F2: Represents shares sold to satisfy the Reporting Person's tax obligations in connection with the vesting of 3,750 restricted stock units.