Sec Form 13G Filing - GOLDFARB ARON filing for G III APPAREL GROUP LTD (GIII) - 2007-03-19

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>





                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                 SCHEDULE 13G/A


                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                              (AMENDMENT NO. 13) *


                            G-III Apparel Group, Ltd.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, $0.01 par value per share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   36237 H 101
                                   -----------
                                 (CUSIP Number)


                                 March 14, 2007
                       -----------------------------------
             (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 6 Pages
                                                                               -----------
- ----------------------------------------- ------------------------------------ -------------------------------------



- -------- -----------------------------------------------------------------------------------------------------------
   1     NAMES OF REPORTING PERSONS.
         I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

         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 SHARES         5    SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
   REPORTING PERSON WITH           527,032 shares of Common Stock, par value $0.01
                             ----- ---------------------------------------------------------------------------------
                              6    SHARED VOTING POWER

                                   None
                             ----- ---------------------------------------------------------------------------------
                              7    SOLE DISPOSITIVE POWER

                                   527,032 shares of Common Stock, par value $0.01
                             ----- ---------------------------------------------------------------------------------
                              8    SHARED DISPOSITIVE POWER

                                   None
- --------- ----------------------------------------------------------------------------------------------------------
9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    527,032 shares
- --------- ----------------------------------------------------------------------------------------------------------
- --------- ----------------------------------------------------------------------------------------------------------
10        CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)                  [ ]
- --------- ----------------------------------------------------------------------------------------------------------
11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
               3.3%
- --------- ----------------------------------------------------------------------------------------------------------
12        TYPE OF REPORTING PERSON (See Instructions)
          IN
- --------- ----------------------------------------------------------------------------------------------------------









- ----------------------------------------- ------------------------------------ -------------------------------------
CUSIP No. 36237 H 101                                    13G/A                 Page 3 of 6 Pages
- ----------------------------------------- ------------------------------------ -------------------------------------


NOTE: This Schedule 13G/A reflects a statement of beneficial ownership of
securities of the reporting person as of March 14, 2007.

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 $0.01 ("Common Stock")

Item 2(e)         CUSIP Number:
                  ------------

                  36237 H 101

Item 3            If this statement is filed pursuant to ss.ss.240.13d-1(b) or
                  240.13d-2(b) or (c), check whether the person filing is a:
                  --------------------------------------------------------------

         (a) [_] Broker or dealer registered under Section 15 of the Act;
         (b) [_] Bank as defined in Section 3(a)(6) of the Act;
         (c) [_] Insurance company as defined in Section 3(a)(19) of the Act;
         (d) [_] Investment company registered under Section 8 of the Investment
                 Company Act of 1940;
         (e) [_] An investment adviser in accordance with Rule
                 13d-1(b)(1)(ii)(E);
         (f) [_] An employee benefit plan or endowment fund in accordance with
                 Rule 13d-1(b)(1)(ii)(F);
         (g) [_] A parent holding company or control person in accordance with
                 Rule 13d-1(b)(1)(ii)(G);








- ----------------------------------------- ------------------------------------ -------------------------------------
CUSIP No. 36237 H 101                                    13G/A                 Page 4 of 6 Pages
- ----------------------------------------- ------------------------------------ -------------------------------------


         (h) [_] A savings association as defined in Section 3(b) of the Federal
                 Deposit Insurance Act;
         (i) [_] A church plan that is excluded from the definition of an
                 investment company under Section 3(c)(14) of the Investment Company
                 Act of 1940;
         (j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

                  Not Applicable

Item 4            Ownership:
                  ----------

                  (a) Amount beneficially owned:

                      See Item 9 of the cover page attached hereto. On March 14,
                      2007, Aron Goldfarb (the "Reporting Person") sold 400,000
                      shares of Common Stock in a public offering (the
                      "Offering"), pursuant to a Registration Statement on Form
                      S-3 (No. 333-139795), as amended. As a result of the
                      Offering, the Reporting Person beneficially owns 527,032
                      shares of Common Stock.

                  (b) Percent of Class:

                      See Item 11 of the cover page attached hereto. All
                      calculations are based upon 16,046,345 shares of Common
                      Stock outstanding at the completion of the Offering as of
                      March 14, 2007 (excluding treasury shares). The foregoing
                      information was provided by the Issuer.

                  (c) Number of shares as to which the person has:

                      (i)   Sole power to vote or to direct the vote: 527,032

                      (ii)  Shared power to vote or to direct the vote: None

                      (iii) Sole power to dispose or to direct the disposition
                            of: 527,032

                      (iv)  Shared power to dispose or to direct the disposition
                            of: None

Item 5            Ownership of Five Percent or Less of a Class:
                  --------------------------------------------

                      If this statement is being filed to report the fact that
                      as of the date hereof the reporting person has ceased to
                      be the beneficial owner of more than five percent of the
                      class of securities, check the following [X].

                      As a result of the Offering, the Reporting Person now
                      beneficially owns less than five percent of the Common
                      Stock of the Issuer.

Item 6            Ownership of More than Five Percent on Behalf of Another
                  Person:
                  --------------------------------------------------------

                      Not Applicable








- ----------------------------------------- ------------------------------------ -------------------------------------
CUSIP No. 36237 H 101                                    13G/A                 Page 5 of 6 Pages
- ----------------------------------------- ------------------------------------ -------------------------------------


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:
                  ---------------------------------------------------------

                           Not Applicable

Item 9            Notice of Dissolution of Group:
                  ------------------------------

                           Not Applicable

Item 10  Certification:

                           Not Applicable








- ----------------------------------------- ------------------------------------ -------------------------------------
CUSIP No. 36237 H 101                                    13G/A                 Page 6 of 6 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.


March 16, 2007





                                                 /s/ Aron Goldfarb
                                                 -------------------------------
                                                 ARON GOLDFARB