Sammy Aaron - 16 Mar 2021 Form 4/A - Amendment Insider Report for G III APPAREL GROUP LTD /DE/ (GIII)

Role
Vice Chairman and President, Director
Signature
/s/ Sammy Aaron
Issuer symbol
GIII
Transactions as of
16 Mar 2021
Net transactions value
$0
Form type
4/A - Amendment
Filing time
30 Jun 2021, 18:06:36 UTC
Date Of Original Report
22 Mar 2021
Next filing
16 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GIII Common Stock, Par Value $.01 Per Share Award $0 +42,422 +9% $0.000000 511,869 16 Mar 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of restricted stock units ("RSUs") each representing a contingent right to receive one share of common stock of G-III Apparel Group, Ltd ("G-III"). The RSUs will cliff vest on April 1, 2024 only if the Reporting Person remains employed by or continues to provide services to G-III.
F2 The amended Amount of Securities Acquired reflects that on June 28, 2021, the Compensation Committee amended the March 16, 2021 RSU award to consist of (a) the retention of 50% of the RSUs awarded and (b) performance share units subject to several performance conditions, in lieu of 50% of the RSUs awarded, as further described in the issuer's Form 8-K filed on June 30, 2021.
F3 Reflects the amendment described in footnote (2). Does not reflect the intervening transaction reported on the Reporting Person's Form 4 filed on 6/16/2021.