X0101 4 2003-06-19 0000086346 SALANT CORP SLNT 0001243580 LYNCH ROSE PEABODY 1 0 0 0 Options 4.125 2003-06-19 2003-06-19 4 J 0 3500 5.244 D 2003-06-19 2009-10-08 Common Stock 3500 0 D Options 2.870 2003-06-19 2003-06-19 4 J 0 500 6.499 D 2003-06-19 2011-11-29 Common Stock 500 0 D In connection with the merger agreement by and among the Issuer, Perry Ellis International, Inc. ("Perry Ellis") and Connor Acquisition Corp., a wholly owned subsidiary of Perry Ellis, dated February 3, 2003 ("Merger Agreement"), the reporting person agreed to surrender for cancellation all of his options in exchange for the right to receive an amount of cash and Perry Ellis common stock equal to the excess value of $9.3691 over the applicable exercise price for each share of Salant common stock subject to his outstanding options. This option consideration was delivered pursuant to the Merger Agreement and paid in the form of Perry Ellis common stock and cash. Rose Peabody Lynch 2003-06-19