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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
TARRANT APPAREL GROUP
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(Name of Issuer)
COMMON STOCK, NO PAR VALUE
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(Title of Class of Securities)
876289 109
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(CUSIP Number)
DECEMBER 14, 2007
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Persons who respond to the collection of information contained
in this form are not required to respond unless the form
displays a currently valid OMB control number.
Page 1 of 5
SEC 1745 (8-07)
CUSIP No. 876289 109 13G Page 2 of 5 Pages
________________________________________________________________________________
1. NAMES OF REPORTING PERSONS
Charles Ghailian
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(see instructions) (a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 1,822,000 (1)
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,822,000 (1)
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,822,000 (1)
________________________________________________________________________________
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
(see instructions)
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON* (see instructions)
IN
________________________________________________________________________________
(1) Includes 322,000 shares which may be acquired by the Reporting Person
upon exercise of stock options.
CUSIP No. 876289 109 13G Page 3 of 5 Pages
________________________________________________________________________________
Item 1(a). Name of Issuer:
Tarrant Apparel Group
________________________________________________________________________________
Item 1(b). Address of Issuer's Principal Executive Offices:
3151 East Washington Boulevard
Los Angeles, California 90023
________________________________________________________________________________
Item 2(a). Name of Person Filing:
Charles Ghailian
________________________________________________________________________________
Item 2(b). Address of Principal Business Office, or if None, Residence:
3151 East Washington Boulevard
Los Angeles, California 90023
________________________________________________________________________________
Item 2(c). Citizenship:
U.S.A.
________________________________________________________________________________
Item 2(d). Title of Class of Securities:
Common Stock, no par value
________________________________________________________________________________
Item 2(e). CUSIP Number:
876289 109
________________________________________________________________________________
Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
Not Applicable
________________________________________________________________________________
Item 4. Ownership.
Not Applicable
________________________________________________________________________________
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
________________________________________________________________________________
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not Applicable
CUSIP No. 876289 109 13G Page 4 of 5 Pages
________________________________________________________________________________
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control
Person.
Not Applicable
________________________________________________________________________________
Item 8. Identification and Classification of Members of the Group.
Not Applicable
________________________________________________________________________________
Item 9. Notice of Dissolution of Group.
Not Applicable
________________________________________________________________________________
Item 10. Certifications.
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 20, 2008
----------------------------------------
(Date)
/s/ Charles Ghailian
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(Signature)
Charles Ghailian
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(Name/Title)
Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
Page 5 of 5