<SEC-DOCUMENT>0001140361-11-058314.txt : 20111220
<SEC-HEADER>0001140361-11-058314.hdr.sgml : 20111220
<ACCEPTANCE-DATETIME>20111220172415
ACCESSION NUMBER:		0001140361-11-058314
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20111216
FILED AS OF DATE:		20111220
DATE AS OF CHANGE:		20111220

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Buxbaum Paul
		CENTRAL INDEX KEY:			0001527525

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20201
		FILM NUMBER:		111272856

	MAIL ADDRESS:	
		STREET 1:		28632 ROADSIDE DRIVE
		STREET 2:		SUITE 200
		CITY:			AGOURA HILLS
		STATE:			CA
		ZIP:			91301

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HAMPSHIRE GROUP LTD
		CENTRAL INDEX KEY:			0000887150
		STANDARD INDUSTRIAL CLASSIFICATION:	KNIT OUTERWEAR MILLS [2253]
		IRS NUMBER:				060967107
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1924 PEARMAN DAIRY ROAD
		STREET 2:		PO BOX 2667
		CITY:			ANDERSON
		STATE:			SC
		ZIP:			29625
		BUSINESS PHONE:		8642311200

	MAIL ADDRESS:	
		STREET 1:		1924 PEARMAN DAIRY ROAD
		STREET 2:		PO BOX 2667
		CITY:			ANDERSON
		STATE:			SC
		ZIP:			29625
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 4
<TEXT>
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<ownershipDocument>

    <schemaVersion>X0304</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2011-12-16</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000887150</issuerCik>
        <issuerName>HAMPSHIRE GROUP LTD</issuerName>
        <issuerTradingSymbol>HAMP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001527525</rptOwnerCik>
            <rptOwnerName>Buxbaum Paul</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O HAMPSHIRE GROUP, LTD</rptOwnerStreet1>
            <rptOwnerStreet2>114 WEST 41ST STREET</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10036</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2011-12-16</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>50000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>2.25</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>50000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Paul N. Buxbaum Revocable Trust u/a/d 11/14/97</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>967009</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By BGY II, LLC</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">See Exhibit 99.1.</footnote>
    </footnotes>

    <remarks>Exhibit List

Exhibit 99.1 - Explanation of Responses</remarks>

    <ownerSignature>
        <signatureName>/s/ Maura M. Langley, Attorney-in-Fact for Paul Buxbaum</signatureName>
        <signatureDate>2011-12-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>misc1.htm
<DESCRIPTION>MISCELLANEOUS EXHIBITS
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exhibit 99.1</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXPLANATION OF RESPONSES</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Received in exchange for Mr. Buxbaum&#8217;s interest in Rio Garment S. de R.L., a limited liability company organized under the laws of Honduras (&#8220;Rio&#8221;), under the terms of the Agreement and Plan of Merger, dated as of June 13, 2011, among the Issuer, RG Merger Sub, S.A., a Honduran <font style="FONT-STYLE: italic; DISPLAY: inline">sociedad anonima </font>and a wholly owned subsidiary of the Issuer, Rio, the equityholders of the Rio (including Mr. Buxbaum) (the &#8220;Equityholders&#8221;) and BGY II, LLC, a Delaware limited liability company (&#8220;BGY II&#8221;) as equityholders&#8217; representative (as amended, the &#8220;Merger Agreement&#8221;). Pursuant to the Merger Agreement, at the closing of the transaction, the Issuer issued an aggregate of 967,009 shares of common stock to BGY II (valued at a 90-day volume-weighted average price per share of $3.6480). In addition, pursuant to the Merger Agreement, an additional 1,781,798 shares of common stock have been held back by the Issuer: (x) 753,838 of which would be issued to BGY II, on behalf of the Equityholders, if Rio&#8217;s 2011 adjusted EBITDA for the year ending December 31, 2011 multiplied by three (3) equals or exceeds $23,000,000 and (y) 1,027,691 of which may be used to satisfy claims arising as a result of the Equityholders&#8217; breach of their representations and warranties or covenants in the Merger Agreement. Mr. Buxbaum owns an interest in BGY II. The Equityholders have executed an Equityholders&#8217; Representative and Distribution of Proceeds Agreement (the &#8220;Distribution of Proceeds Agreement&#8221;), pursuant to which the cash paid, and the common stock issued to, BGY II by the Issuer pursuant to the Merger Agreement is distributed among the Equityholders pursuant to the terms of such Distribution of Proceeds Agreement.</font></div>
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