FORM 4 Check this box if no longer subject to Section 16.  Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print or Type Responses)	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.  20549 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(h) of the Investment Company Act of 1940	OMB APPROVAL
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 1. Name and Address of Reporting Person *

         Hechler        Jon (Last)            (First)              (Middle)


3840 Bank Street (Street)


Baltimore,      Maryland     21224 (City)       (State)          (Zip)

   2. Issuer Name and Ticker
    or Trading Symbol

I.C. Isaacs & Company, Inc. (ISAC.OB)  3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary)

Table I - 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	9/30/2002		S		3,000	D	$1.48	362,791	D
Common Stock								736,361 (1)	I	(2)

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 or Exercise Price of Derivative Security

3. Transaction 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)

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 Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Securities: 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

Explanation of Responses:

(1)   The reporting person disclaims beneficial ownership of the 736,361 shares of common stock, par value $0.0001 per share, of I.C. Isaacs & Company, Inc. (the “Company”) held by the Estate of Ira J. Hechler (the “Estate”).  Nothing set forth in this report shall be construed as an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 of the Exchange Act of 1934, as amended, or for any other purpose.

(2)   The reporting person is the executor and a beneficiary of the Estate pursuant to the Last Will and Testament of Ira J. Hechler, dated June 9, 1989, and, as a beneficiary of the Estate, is entitled to receive a distribution from the Estate, a portion of which distribution may consist of the shares of Common Stock of the Company held by the Estate or proceeds from the sale of such shares.

/s/ Jon Hechler ** Signature of Reporting Person 9/30/02 Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or 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.

http://www.sec.gov/divisions/corpfin/forms/form4.htm

Last update: 09/05/2002