UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 2)* 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) Check the following box if a fee is being paid with this statement |_|. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). *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 Morris 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 2,199,487 shares of Common Stock, par value $.01 SHARES --------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 289,778 EACH --------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON 2,199,487 shares of Common Stock, par value $.01 WITH --------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 289,778 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,887,265 shares which includes (i) 398,000 shares which may be acquired within 60 days upon the exercise of options, (ii) 130,000 shares held in a trust, of which the reporting person's spouse is one of two trustees with shared voting and dispositive power, for the benefit of the reporting person's daughter, (iii) 130,000 held in a trust, of which the reporting person's spouse is one of two trustees with shared voting and dispositive power, for the benefit of the reporting person's son, (iv) 19,889 shares owned by the reporting person's son, who shares the reporting person's household and (v) 9,889 shares owned by the reporting person's wife. - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 36.6% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! -2-
- ----------------------- -------------------- 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, 2001. 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: See Item 9 of the cover page attached hereto which includes 398,000 shares which may be acquired within 60 days upon the exercise of options. -3-
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- ----------------------- -------------------- CUSIP No. 36237 H 101 13G Page 5 of 5 Pages --- --- - ----------------------- -------------------- By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. -5-
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. January 24, 2002 /s/ Morris Goldfarb ------------------- MORRIS GOLDFARB -6-