-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 AdNgCRfv4OArKTUl52HEztvawj3tcSllGpn2b13bPW1kbONILQZDg73Hg2ZDNnXR
 DaYML2qlUB+3Vu2bFW51Gg==

<SEC-DOCUMENT>0000086346-03-000015.txt : 20030620
<SEC-HEADER>0000086346-03-000015.hdr.sgml : 20030620
<ACCEPTANCE-DATETIME>20030620115901
ACCESSION NUMBER:		0000086346-03-000015
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030619
FILED AS OF DATE:		20030620

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SETOLA MICHAEL J
		CENTRAL INDEX KEY:			0001167512

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06666
		FILM NUMBER:		03751265

	BUSINESS ADDRESS:	
		STREET 1:		C/O SALANT CORP
		STREET 2:		1114 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SALANT CORP
		CENTRAL INDEX KEY:			0000086346
		STANDARD INDUSTRIAL CLASSIFICATION:	MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320]
		IRS NUMBER:				133402444
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0102

	BUSINESS ADDRESS:	
		STREET 1:		1114 AVE OF THE AMERICAS
		STREET 2:		36TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		2122217500

	MAIL ADDRESS:	
		STREET 1:		1058 CLAUSSEN RDSTE 101
		CITY:			AUGUSTA
		STATE:			GA
		ZIP:			30907
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4june03ms_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   04/22/03  TZ    -->
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-06-19</periodOfReport>
    <issuer>
        <issuerCik>0000086346</issuerCik>
        <issuerName>SALANT CORP</issuerName>
        <issuerTradingSymbol>SLNT</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
      <reportingOwnerId>
            <rptOwnerCik>0001167512</rptOwnerCik>
            <rptOwnerName>SETOLA MICHAEL J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>Chairman and CEO</officerTitle>
       </reportingOwnerRelationship>
   </reportingOwner>
   <nonDerivativeSecurity>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-06-19</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>J</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F1"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>21591</value>
         </transactionShares>
         <transactionValue>
           <value>9.3691</value>
            <footnoteId id="F1"/>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
     <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>0</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </nonDerivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
         <value>Options</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>1.640</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-06-19</value>
      </transactionDate>
      <deemedExecutionDate>
         <value>2003-06-19</value>
      </deemedExecutionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>J</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F2"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>37500</value>
         </transactionShares>
         <transactionValue>
           <value>7.729</value>
            <footnoteId id="F2"/>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-06-19</value>
            <footnoteId id="F3"/>
      </exerciseDate>
      <expirationDate>
         <value>2011-11-29</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>37500</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>0</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
         <value>Options</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>4.125</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-06-19</value>
            <footnoteId id="F3"/>
      </transactionDate>
      <deemedExecutionDate>
         <value>2003-06-19</value>
            <footnoteId id="F3"/>
      </deemedExecutionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>J</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F2"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>277777</value>
         </transactionShares>
         <transactionValue>
           <value>5.244</value>
            <footnoteId id="F2"/>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-06-19</value>
            <footnoteId id="F3"/>
      </exerciseDate>
      <expirationDate>
         <value>2009-10-08</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>277777</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>0</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <footnotes>
<footnote id="F1"> In connection with the merger agreement by and among the Issuer, Perry Ellis International, Inc. (&quot;Perry Ellis&quot;) and Connor Acquisition Corp., a wholly owned subsidiary of Perry Ellis, dated February 3, 2003 (&quot;Merger Agreement&quot;), each outstanding share of common stock of the issuer was converted into the right to receive an amount of cash and Perry Ellis common stock equal to an aggregate of $9.3691.</footnote>

<footnote id="F2"> In connection with the 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 application 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.</footnote>

<footnote id="F3"> On the date of issuance, one-third of the reporting person's options were immediately exercisable and the remainder became exercisable equally over the next two years, however, purpusant to an agreement and release entered into by the reporting person under the terms of the Merger Agreement, the vesting of all then-unvested options was accelerated so that such options were fully vested and exercisable upon the closing of the transactions contemplated by the Merger Agreement.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>Michael J Setola</signatureName>
      <signatureDate>2003-06-19</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----