Morris Goldfarb - 29 Mar 2022 Form 4 Insider Report for G III APPAREL GROUP LTD /DE/ (GIII)

Role
CEO, Director
Signature
/s/ Morris Goldfarb
Issuer symbol
GIII
Transactions as of
29 Mar 2022
Net transactions value
-$6,211,592
Form type
4
Filing time
31 Mar 2022, 21:31:15 UTC
Previous filing
22 Mar 2022
Next filing
17 Jun 2022
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 +415,704 +25% $0.000000 2,070,720 29 Mar 2022 Direct F1
transaction GIII Common Stock, Par Value $.01 Per Share Tax liability $6,211,592 -212,217 -10% $29.27 1,858,503 29 Mar 2022 Direct F2
holding GIII Common Stock, Par Value $.01 Per Share 200,000 29 Mar 2022 Arlene Goldfarb 2012 Delaware Trust
holding GIII Common Stock, Par Value $.01 Per Share 166,750 29 Mar 2022 Goldfarb Family Partners, LLC
holding GIII Common Stock, Par Value $.01 Per Share 200,000 29 Mar 2022 Morris Goldfarb 2012 Delaware Trust
holding GIII Common Stock, Par Value $.01 Per Share 500,000 29 Mar 2022 Morris Goldfarb 2018 GRAT JG
holding GIII Common Stock, Par Value $.01 Per Share 500,000 29 Mar 2022 Morris Goldfarb 2018 GRAT LF
holding GIII Common Stock, Par Value $.01 Per Share 29,666 29 Mar 2022 Spouse
holding GIII Common Stock, Par Value $.01 Per Share 76,175 29 Mar 2022 The Morris And Arlene Goldfarb Family Foundation
holding GIII Common Stock, Par Value $.01 Per Share 500,000 29 Mar 2022 Morris Goldfarb 2021 GRAT JG
holding GIII Common Stock, Par Value $.01 Per Share 500,000 29 Mar 2022 Morris Goldfarb 2021 GRAT LF
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to an amendment to his employment agreement, Mr. Goldfarb reduced the amount of the contractual annual cash bonus earned by him for the fiscal year ended January 31, 2022 that is paid in cash and received 415,704 shares of common stock in lieu of the payment of the portion of his fiscal 2022 cash bonus owed to him in excess of a specified capped amount.
F2 Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the shares described in Footnote 1.