SEC FORM 4/A

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this 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^*

GUEZ HUBERT

(Last)

(First)

(Middle)

C/O DIVERSIFIED APPAREL RESOURCES, LLC

5804 E. SLAUSON AVENUE

(Street)

COMMERCE

90040

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CYGNE DESIGNS INC [ CYDS.OB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/21/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)
09/23/2005

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/21/2005		J⁽¹⁾		3,381,420	A	⁽¹⁾	3,426,420	D
Common Stock	09/21/2005		J⁽¹⁾		7,500,000	D	⁽¹⁾	3,000,000	I	-⁽²⁾
Common Stock	09/21/2005		J⁽¹⁾		4,118,580	A	⁽¹⁾	4,118,580	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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Distribution of 7,500,000 shares of the Issuer's Common Stock from Diversified Apparel Resources, LLC, formerly known as Commerce Clothing, LLC ("DAR") to all members in the following amounts: 3,381,420 shares the Reporting Person; 1,570,915 shares to Guez Living Trust dated December 6, 1996; 1,379,225 shares to 215 GZ Partners; 584,220 shares to Griffin James Aron Guez Irrevocable Trust dated January 1, 1996; and 584,220 shares to Stephan Avner Felix Guez Irrevocable Trust dated January 1, 1996. DAR retains 3,000,000 shares of the Issuer's common stock.

2. The Reporting Person is a 32.2% owner, and the manager, of DAR. The Reporting Person is a co-trustee and co-beneficiary of Guez Living Trust dated December 6, 1996. Guez Living Trust has a 100% ownership interest in 215 GZ Partners. As such, the Reporting Person may be deemed to beneficially own the shares held by DAR, Guez Living Trust and 215 GZ Partners but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. The Reporting Person's son, Griffin Guez is the sole beneficiary of Griffin James Aron Guez Irrevocable Trust dated January 1, 1996 and the Reporting Person's mother, Marguerite Ester Guez is the trustee. The Reporting Person's adult son Stephan Guez is the trustee & sole beneficiary of Stephan Avner Felix Guez Irrevocable Trust. As such, the Reporting Person may be deemed to beneficially own the shares owned by the Trusts but disclaims beneficial ownership of such shares.

	/s/ Hubert Guez	10/06/2005
	** Signature of Reporting Person	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).
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