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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 FC3BHqGpBxyb7DjfOzWb1QGa28ebD65XONxEm/ldBiM4Rk2vOdoMq6o9sSD3qKig
 f5QJdbPRsh4nz1FcJ7ZL5w==

<SEC-DOCUMENT>0001181431-03-015894.txt : 20030729
<SEC-HEADER>0001181431-03-015894.hdr.sgml : 20030729
<ACCEPTANCE-DATETIME>20030729142354
ACCESSION NUMBER:		0001181431-03-015894
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030703
FILED AS OF DATE:		20030729

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GIANT GROUP LTD
		CENTRAL INDEX KEY:			0000041296
		STANDARD INDUSTRIAL CLASSIFICATION:	 [9995]
		IRS NUMBER:				230622690
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		9440 SANTA MONICA BLVD
		STREET 2:		SUITE 407
		CITY:			BEVERLY HILLS
		STATE:			CA
		ZIP:			90210
		BUSINESS PHONE:		3102735678

	MAIL ADDRESS:	
		STREET 1:		9440 SANTA MONICA BLVD
		STREET 2:		SUITE 407
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GIANT PORTLAND & MASONRY CEMENT CO
		DATE OF NAME CHANGE:	19850610

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GIANT PORTLAND CEMENT CO
		DATE OF NAME CHANGE:	19770921

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MALCOLM DAVID L
		CENTRAL INDEX KEY:			0001253386

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04323
		FILM NUMBER:		03808249

	BUSINESS ADDRESS:	
		STREET 1:		750 B STREET
		STREET 2:		STE 3130
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92101
		BUSINESS PHONE:		619595500
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd14348.xml
<DESCRIPTION>DAVID MALCOLM - FORM 4 7/3/03
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-07-03</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000041296</issuerCik>
        <issuerName>GIANT GROUP LTD</issuerName>
        <issuerTradingSymbol>GPOL</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001253386</rptOwnerCik>
            <rptOwnerName>MALCOLM DAVID L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>750 B STREET</rptOwnerStreet1>
            <rptOwnerStreet2>#3130</rptOwnerStreet2>
            <rptOwnerCity>SAN DIEGO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92102</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-07-03</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>3750</value></transactionShares><transactionPricePerShare><value>.45</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>11250</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable
><derivativeTable><derivativeTransaction><securityTitle><value>stock option-common stock</value></securityTitle><conversionOrExercisePrice><value>.45</value></conversionOrExercisePrice><transactionDate><value>2003-07-03</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>3750</value></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1998-07-12</value></exerciseDate><expirationDate><value>2003-07-11</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>common stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>3750</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value
>18750</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><ownerSignature><signatureName>David Malcolm</signatureName><signatureDate>2003-07-29</signatureDate></ownerSignature></ownershipDocument>



</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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