KATZ CARL 4
4 · G III APPAREL GROUP LTD /DE/ · Filed Oct 10, 2012
Insider Transaction Report
Form 4
KATZ CARL
Director
Transactions
- Award
Common Stock, Par Value $.01 Per Share
2012-10-05+5,000→ 48,555 total(indirect: By Spouse)
Holdings
- 11,200
Common Stock, Par Value $.01 Per Share
Footnotes (1)
- [F1]The above-named person will be entitled to receive these shares of our common stock only if (a) the average closing price per share of our common stock on the Nasdaq Global Select Market is $42.78 (which is 15% above the closing price of our common stock on the Nasdaq Global Select Market on the date of grant) or higher over a twenty consecutive trading day period during the five-year period commencing on October 6, 2012 and ending on October 5, 2017 and (b) our consolidated earnings after taxes, as adjusted for acquisition costs, exceeds $53 million in any of the fiscal years ending January 31, 2013, 2014, 2015, 2016 or 2017. In addition, the right to receive these shares of common stock will become vested at an annual rate of 25% beginning on the second anniversary of the date of grant.