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SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 11) 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, 2005 --------------------------------------------------- (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/A Page 2 of 5 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS 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 - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 956,355 shares of Common Stock, par value $.01 BENEFICIALLY ------------------------------------------------------------------ OWNED BY 6 SHARED VOTING POWER EACH None REPORTING ------------------------------------------------------------------ PERSON WITH 7 SOLE DISPOSITIVE POWER 956,355 shares of Common Stock, par value $.01 ------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER None - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 956,355 shares which includes 25,000 shares which may be acquired within 60 days upon the exercise of options - -------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.6% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (See Instructions) IN - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP No. 36237 H 101 13G/A Page 3 of 5 Pages - -------------------------------------------------------------------------------- NOTE: This Schedule 13G/A reflects a statement of beneficial ownership of securities of the reporting person as of December 31, 2005. 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/A Page 4 of 5 Pages - -------------------------------------------------------------------------------- See Item 9 of the cover page attached hereto which includes 25,000 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: 956,355 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: 956,355 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 10, 2006 /s/ Aron Goldfarb ------------------------ ARON GOLDFARB