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)

Clayton Charles W.
  1. Issuer Name and Ticker or Trading Symbol

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

    2. Secretary and Treasurer

(Street)

320 Stephen King Drive

3. I.R. S. Identification No. of Reporting
Person, if an entity (voluntary)

###-##-####

4. Statement for Month/Day/Year
 1/06/03

(City) (State) (Zip)

Anderson SC 29621

5. If Amendment, Date of Original

(Month/Day/Year)
  • 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)

    2A. Deemed Execution
    Date, if any
    (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 following
    reported
    transaction(s)
    (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

    -

    -

    01/03/03

    01/03/03

    X

    X

    -

    -

    1,750

    (930)*

    A

    D

    $11.00

    20.70

    24,820


    D

    -


    		                   
                         
                         
                         
                         

    *Shares surrendered to Company in exchange for stock acquired pursuant to the Hampshire Group, Limited Stock Option Plan.

    		      
                         

    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.Trans-
    action
    Date
    (Month/
    Day/
    Year)

     

    3A. Deemed
    Execution
    Date, if
    any

    (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)

  • Title and Amount

    • of Underlying
    Securities
    (Instr. 3 and 4)

    8. Price of
    Derivative
    Security
    (Instr.5)

    9. Number
    of Derivative
    Securities
    Beneficially
    Owned
    following
    reported
    transaction(s)
    (Instr. 4)

    10. Ownership
    Form of
    Derivative
    Securities
    beneficially
    owned at end
    of month
    Direct (D) or
    Indirect (I)
    (Instr. 4)

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




    Code




    V




    (A)




    (D)




    Date
    Exercisable




    Expiration Date




    Title



    Amount or Number
    of Shares

    Purchase Plan for Directors and Executives

    -

    -

    01/03/03

    T

    -

    96

    -

    -

    -

    Common
    Stock

    96

    $18.78

    64,470

    D (1)

    -

    Incentive Stock Options (Right to Purchase)

    -

    -

    01/03/03

    X

    -

    (1,750)

    -

    -

    12/31/02

    Common
    Stock

    (1,750)

    11.00

    30,875

    D (2)

    -
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   

    Explanation of Responses:

    1. Right to receive common stock in lieu of executive salary and/or bonus; shares held in trust.
    2. Incentive stock options granted under the Hampshire Group, Limited 1992 Stock Option Plan

    at an exercise price of $5.813-$18.125, exercisable for five years from date of vesting.

     

    /s/ Charles W. Clayton 01/06/03

    Reminder: Report on a separate line for each class of securities beneficially owned directly or Signature of Reporting Person Date

    Indirectly

    *If the form is filed by more than one reporting person, see instruction 4(b)(v)

    ** 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.

    If space is insufficient, see instruction 6 for procedure.