SEC Filing | GIII Apparel Group

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SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 SCHEDULE 13G (Amendment No. 1) G-III Apparel Group, Ltd. ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 Par Value Per Share ------------------------------------------------------------------------------- (Title of Class of Securities) 362-37H-101 ------------------------------------------------------------------------------- (CUSIP Number of Class of Securities) 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) [X] RULE 13d-1(c) [ ] RULE 13d-1(d)

CUSIP NO. 362-37H-101 Page 2 of 9 - -------------------------------------------------------------------------------- 1) Name And I.R.S. Identification No. Of Reporting Person Wynnefield Partners Small Cap Value, L.P. 13-3688497 - -------------------------------------------------------------------------------- 2) Check The Appropriate Box If A Member Of A Group (See Instructions) (a) (b)[X] Reporting person is affiliated with other persons - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Citizenship Or Place Of Organization: Delaware - -------------------------------------------------------------------------------- 5) Sole Voting Power: NUMBER OF SHARES 143,260* Shares BENEFICIALLY OWNED -------------------------------------------------- BY EACH REPORTING 6) Shared Voting Power PERSON WITH -------------------------------------------------- 7) Sole Dispositive Power: 143,260* Shares -------------------------------------------------- 8) Shared Dispositive Power - -------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned By Each Reporting Person : 143,260* Shares - -------------------------------------------------------------------------------- 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): 2.1% of Common Stock - -------------------------------------------------------------------------------- 12) Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- * Wynnefield Partners Small Cap Value, L.P. has purchase an aggregate of 3,300 shares since December 31, 2002.

CUSIP NO. 362-37H-101 Page 3 of 9 - -------------------------------------------------------------------------------- 1) Name and I.R.S. Identification No. of Reporting Person (entities only) Wynnefield Partners Small Cap Value, L.P.I 13-3953291 - -------------------------------------------------------------------------------- 2) Check the Appropriate Box If a Member of a Group (See Instructions) (a) (b) [X] Reporting Person is affiliated with other persons - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5) Sole Voting Power: NUMBER OF SHARES 186,272* Shares BENEFICIALLY OWNED -------------------------------------------------- BY EACH REPORTING 6) Shared Voting Power PERSON WITH -------------------------------------------------- 7) Sole Dispositive Power: 186,272* Shares -------------------------------------------------- 8) Shared Dispositive Power - -------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person: 186,272* Shares - -------------------------------------------------------------------------------- 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): 2.7% of Common Stock - -------------------------------------------------------------------------------- 12) Type of Reporting Person: PN - -------------------------------------------------------------------------------- *Wynnefield Partners Small Cap Value, L.P. I has purchased an aggregate of 4,800 shares since December 31, 2002.

CUSIP NO. 362-37H-101 Page 4 of 9 - -------------------------------------------------------------------------------- 1) Name and I.R.S. Identification No. of Reporting Person (entities only) Wynnefield Small Cap Value Offshore Fund, Ltd. (No IRS Identification No.) - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) [X] Reporting person is affiliated with other persons - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) Citizenship or Place of Organization: Cayman Islands - -------------------------------------------------------------------------------- 5) Sole Voting Power: NUMBER OF SHARES 64,900* Shares BENEFICIALLY OWNED BY -------------------------------------------------- EACH REPORTING 6) Shared Voting Power PERSON WITH -------------------------------------------------- 7) Sole Dispositive Power: 64,900* Shares -------------------------------------------------- 8) Shared Dispositive Power - -------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person: 64,900* Shares - -------------------------------------------------------------------------------- 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): 0.9% of Common Stock - -------------------------------------------------------------------------------- 12) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- *Wynnefield Small Cap Value Offshore Fund, Ltd. has purchased an aggregate of 2,800 shares since December 31, 2002

CUSIP NO. 362-37H-101 Page 5 of 9 - -------------------------------------------------------------------------------- 1) Name and I.R.S. Identification No. of Reporting Person (entities only) Wynnefield Capital Management, LLC 13-4018186 - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) [X] Reporting person is affiliated with other persons - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) Citizenship or Place of Organization: New York - -------------------------------------------------------------------------------- 5) Sole Voting Power: NUMBER OF SHARES 329,532 Shares (1) BENEFICIALLY OWNED BY -------------------------------------------------- EACH REPORTING 6) Shared Voting Power PERSON WITH -------------------------------------------------- 7) Sole Dispositive Power: 329,532 Shares (1) -------------------------------------------------- 8) Shared Dispositive Power - -------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person: 329,532 Shares (1) - -------------------------------------------------------------------------------- 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): 4.8% of Common Stock (1) - -------------------------------------------------------------------------------- 12) Type of Reporting Person: OO (Limited Liability Company) - -------------------------------------------------------------------------------- (1) Wynnefield Capital Management, LLC holds an indirect beneficial interest in these shares which are directly beneficially owned by Wynnefield Partners Small Cap Value, L.P. and Wynnefield Partners Small Cap Value, L.P.I.

CUSIP NO. 362-37H-101 Page 6 of 9 - -------------------------------------------------------------------------------- 1) Name and I.R.S. Identification No. of Reporting Person (entities only) Wynnefield Capital, Inc. (No IRS Identification No.) - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) [X] Reporting person is affiliated with other persons - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) Citizenship or Place of Organization: Cayman Islands - -------------------------------------------------------------------------------- 5) Sole Voting Power: NUMBER OF SHARES 64,900 Shares (1) BENEFICIALLY OWNED BY -------------------------------------------------- EACH REPORTING 6) Shared Voting Power PERSON WITH -------------------------------------------------- 7) Sole Dispositive Power: 64,900 Shares (1) -------------------------------------------------- 8) Shared Dispositive Power - -------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person: 64,900 Shares (1) - -------------------------------------------------------------------------------- 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): 0.9% of Common Stock (1) - -------------------------------------------------------------------------------- 12) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- (1) Wynnefield Capital, Inc. holds an indirect beneficial interest in these shares which are directly beneficially owned by Wynnefield Small Cap Value Offshore Fund, Ltd.

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). Names of Persons Filing: Wynnefield Partners Small Cap Value, L.P. ("Partners") -------------------------------------------------------------- Wynnefield Partners Small Cap Value, L.P. I ("Partners I") -------------------------------------------------------------- Wynnefield Partners Small Cap Offshore Fund, Ltd. ("Fund") -------------------------------------------------------------- Wynnefield Capital Management, LLC ("WCM") -------------------------------------------------------------- Wynnefield Capital, Inc. ("WCI") -------------------------------------------------------------- ITEM 2(b). Address of Principal Business Office Or, If None, Residence: 450 Seventh Avenue, Suite 509, New York, NY 10123 -------------------------------------------------------------- ITEM 2(c). Citizenship: Partners and Partners I are Delaware Limited Partnerships -------------------------------------------------------------- Fund and WCI are Cayman Islands Companies -------------------------------------------------------------- WCM is a New York Limited Liability Company -------------------------------------------------------------- ITEM 2(d). Title of Class of Securities: Common Stock, $.01 Par Value Per Share -------------------------------------------------------------- ITEM 2(e). CUSIP Number: 362-37H-101 ------------- ITEM 3. If this Statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is: None of the reporting persons is an entity specified in Rule 13d-1(b)(1)(ii).

ITEM 4. Ownership: (a) Amount beneficially owned by all reporting persons: 394,432 Shares (b) Percent of class: 5.8 % of Common Stock (c) Number of shares as to which the reporting persons have: (i) sole power to vote or to direct the vote: 394,432 Shares (ii) shared power to vote or to direct the vote (iii) sole power to dispose or to direct the disposition: 394,432 Shares (iv) shared power to dispose or to direct the disposition - ---- 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. Not applicable. ITEM 8. Identification and classification of members of the group. None of the reporting persons who have filed this schedule is a person, as defined in Rule 13d-1(b)(1)(ii), promulgated pursuant to the Securities Exchange Act of 1934. ITEM 9. Notice of dissolution of group. Not applicable.

ITEM 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection or as a participant in any transaction having that purpose or effect. Dated: February 12, 2003 WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. By: Wynnefield Capital Management, LLC, General Partner By:/s/ Nelson Obus -------------------------------------- Nelson Obus, Managing Member WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I By: Wynnefield Capital Management, LLC, General Partner By:/s/ Nelson Obus -------------------------------------- Nelson Obus, Managing Member WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD. By: Wynnefield Capital, Inc. By:/s/ Nelson Obus -------------------------------------- Nelson Obus, President WYNNEFIELD CAPITAL MANAGEMENT, LLC By: /s/ Nelson Obus ------------------------------------------ Nelson Obus, Managing Member WYNNEFIELD CAPITAL, INC. By: /s/ Nelson Obus ------------------------------------------ Nelson Obus, President