U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549
 

FORM 4
 

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
 

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,

Section 17(a) of the Public Utility Holding Company Act of 1935 or

Section 30(f) of the Investment Company Act of 1940
 

[_ ] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations

may continue. See Instruction 1(b).
 

1. Name and Address of Reporting Person*

(Last) (First) (Middle)

Kuttner Ludwig G.
  1. Issuer Name and Ticker or Trading Symbol

Hampshire Group, Limited (HAMP)
  1. Relationship of Reporting Person to Issuer
    [X] Director
    [X] 10% Owner
    [X] Officer (give title below)
    [-] Other (specify below)

Chairman and Chief Executive Officer

(Street)

P.O. Box 359
  1. I.R. S. Identification No. of Reporting Person, if an entity
    ###-##-####

4. Statement for Month/Year
 03/01

(City) (State) (Zip)

Keene VA 22946

5. If Amendment, Date of Original

(Month/Year)
  1. Individual or Joint/Group Filing (Check applicable line)

[X] Form filed by one Reporting person

[ - ] Form filed by more than one Reporting Person
   

Table 1 Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security

(Instr. 3)

2. Transaction Date

(Month/Day/Year)

3. Transaction Code
(Instr. 8)

4. Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)

5. Amount of
Securities
Beneficially
Owned at End
of Month
(Instr. 3 and 4)

6. Ownership
Form: Direct
(D)
or Indirect (I)
(Instr. 4)

7. Nature of
Indirect
Beneficial
Ownership
(Instr. 4)

Code

V

Amount

(A) or (D)

Price
                   

Common Stock, par value $0.10 per share

  

-

-

-

-

-

620,474

D

-

Common Stock, par value $0.10 per share

  

-

-

-

-

-

107,549

I

Shares owned by controlled corporation
   

-

-

-

-

-

      
   

-

-

-

-

-

      
                   
                   

 

 

 

Table II Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of
Derivative
Security
(Instr.3)

2. Conversion of
Exercise
Price of
Derivative
Security

3. Transaction
Date

(Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of
Derivative
Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)

6. Date Exercisable and
Expiration Date

(Month/Day/Year)

7. Title and Amount of
Underlying
Securities
(Instr. 3 and 4)

8. Price of
Derivative
Security
(Instr.5)

9. Number
of Derivative
Securities
Beneficially
Owned at End of Month
(Instr. 4)

10. Ownership
Form of
Derivative
Security:
Direct (D) or
Indirect (I)
(Instr. 4)

11. Nature of
Indirect
Beneficial
Ownership
(Instr. 4)
     

Code

V

(A)

(D)

Date
Exercisable

Expiration Date

Title

Number
of Shares

Purchase Plan for Directors and Executives

-

03/15/01

T

-

9,081

-

-

-

Common
Stock

9,081

$7.144

170,018

D (1)

-

Company Sponsored 401(k) Plan

-

-

-

-

-

-

-

-

Common
Stock

-

-

19,042

D (2)

-

Incentive Stock Options (Right to Purchase)

-

03/01/01

H

-

-

(35,138)

-

03/01/01

Common
Stock

(35,138)

$9.900

62,052

D (3)

-
                             
                             
                             
                             
                             
                             
                             

Explanation of Responses:

  1. Right to receive common stock in lieu of executive salary and/or bonus; shares held in trust.
  2. Shares held by Trustee of Hampshire Group, Limited 401(k) Plan.
  3. Incentive stock options granted under the Hampshire Group, Limited 1992 Stock Option Plan at an exercise price of $5.813-$14.500, exercisable for five years from date of vesting.

 

/s/ Ludwig Kuttner 04/06/01

Signature of Reporting Person Date

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.

See 18 U.S.C. 1001 and 15 U.S.C 78ff (a).

Note File three copies of this Form, one of which must be manually signed.