G III APPAREL GROUP LTD /DE/ — Director's Dealing 2016

May 13, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: G III APPAREL GROUP LTD /DE/ (GIII)
CIK: 0000821002
Period of Report: 2016-05-11

Reporting Person: GOLDFARB MORRIS (Director, CEO and President, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-11	Common Stock, Par Value $.01 Per Share	J	100000	$40.19	Acquired	2577699	Direct
2016-05-11	Common Stock, Par Value $.01 Per Share	J	100000	$40.19	Disposed	0	Indirect
2016-05-11	Common Stock, Par Value $.01 Per Share	J	500000	$40.19	Acquired	3077699	Direct
2016-05-11	Common Stock, Par Value $.01 Per Share	J	500000	$40.19	Disposed	0	Indirect
2016-05-11	Common Stock, Par Value $.01 Per Share	J	100000	$40.19	Acquired	3177699	Direct
2016-05-11	Common Stock, Par Value $.01 Per Share	J	100000	$40.19	Disposed	0	Indirect
2016-05-11	Common Stock, Par Value $.01 Per Share	J	500000	$40.19	Acquired	3677699	Direct
2016-05-11	Common Stock, Par Value $.01 Per Share	J	500000	$40.19	Disposed	0	Indirect
2016-05-11	Common Stock, Par Value $.01 Per Share	J	600000	$39.16	Acquired	600000	Indirect
2016-05-11	Common Stock, Par Value $.01 Per Share	J	600000	$39.16	Disposed	3077699	Direct
2016-05-11	Common Stock, Par Value $.01 Per Share	J	600000	$39.16	Acquired	600000	Indirect
2016-05-11	Common Stock, Par Value $.01 Per Share	J	600000	$39.16	Disposed	2477699	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, Par Value $.01 Per Share	200000	Indirect
Common Stock, Par Value $.01 Per Share	166750	Indirect
Common Stock, Par Value $.01 Per Share	200000	Indirect
Common Stock, Par Value $.01 Per Share	29666	Indirect
Common Stock, Par Value $.01 Per Share	92802	Indirect
Common Stock, Par Value $.01 Per Share	130000	Indirect
Common Stock, Par Value $.01 Per Share	130000	Indirect

Footnotes

F1: Effective May 11, 2016, Mr. Goldfarb withdrew 100,000 shares of common stock from each of the Morris Goldfarb 2015 GRAT JG and the Morris Goldfarb 2015 GRAT LF and 500,000 shares of common stock from each of the Morris Goldfarb 2015 GRAT JG II and the Morris Goldfarb 2015 GRAT LF II 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of the high and low sales prices of our common stock on such date, multiplied by the number of shares of common stock withdrawn from the corresponding GRAT.

F2: Effective May 11, 2016, Mr. Goldfarb transferred 600,000 shares of common stock to each of the Morris Goldfarb 2016 GRAT JG and the Morris Goldfarb 2016 GRAT LF.