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)

Sperry Harvey L.
  1. Issuer Name and Ticker or Trading Symbol

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

    2. Director

(Street)

Jefferson Glen Farm, Box 72

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

 ###-##-####

4. Statement for Month/Day/Year
 01/23/03

(City) (State) (Zip)

Malden Bridge NY 12115

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 follow-
    ing 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

    -

    01/21/03

    C

    -

    19,876

    A

    $20.00

    -

    -

    -

    Common Stock, par value $0.10 per share

    01/23/03

    -

    S

    -

    14,876

    D

    $20.00

    9,363

    D

    -
                         
                         
                         
                         
                         
                         

     

     

     

    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 (1)

    -

    -

    01/21/03

    C

    -

    -

    19,876

    -

    -

    Common
    Stock

    -

    $20.00

    -

    D (1)

    -
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   

    Explanation of Responses:

    1. Right to receive the issuers Common Stock, $0.10 par value ("Common Stock") in lieu of directors fees pursuant to the Issuers Common Stock Purchase Plan for Directors and Executives with Common Stock distributed either upon termination of the Directors services as a member of the Board of Directors of the Issuer, or on any specific anniversary of the last day of the applicable fiscal year at the election of the Director. Directors do not have voting or dispositive power over these shares until distribution of such shares.

     

    /s/ Harvey L. Sperry 01/23/03

    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.