SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
Wadle Libby

(Last) (First) (Middle)
C/O J.CREW GROUP, INC.
770 BROADWAY

(Street)
NEW YORK NY 10003

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
09/19/2007
3. Issuer Name and Ticker or Trading Symbol
J CREW GROUP INC [ JCG ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP Factory
5. If Amendment, Date of Original Filed (Month/Day/Year)
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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock par value $0.01 32,017(1) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to purchase) (2) 08/01/2014 Common Stock 9,679 3.53 D
Stock Option (right to purchase) (3) 08/14/2015 Common Stock 29,036 6.93 D
Stock Option (right to purchase) (4) 06/27/2016 Common Stock 11,250 20 D
Stock Option (right to purchase) (5) 11/15/2013 Common Stock 50,000 33.18 D
Stock Option (right to purchase) (6) 05/15/2014 Common Stock 17,500 39.525 D
Explanation of Responses:
1. Includes 32,017 restricted shares of common stock granted under an equity incentive plan of the issuer, of which 2,419 shares will vest on August 1, 2008 and 2,420 shares will vest on August 1, 2009; 4,839 shares will vest on each of August 14, 2008 and August 14, 2009; and, subject to the issuer's satisfaction of certain performance criteria over a two-year period commencing on May 15, 2007, 8,750 shares will vest on each of May 15, 2011 and May 15, 2012.
2. The options become exercisable on August 1, 2008.
3. The options become exercisable in two equal installments beginning on August 14, 2008.
4. The options become exercisable in three equal installments beginning on June 27, 2008.
5. The options become exercisable in two equal installments beginning on November 15, 2010.
6. The options become exercisable in two equal installments beginning on May 15, 2011.
Remarks:
Arlene S. Hong is signing on behalf of Libby Wadle pursuant to an authorization and designation letter previously filed with the SEC.
/s/ Arlene S. Hong on behalf of Libby Wadle 09/25/2007
** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.
                              Power of Attorney



Know all by these presents, that the undersigned hereby constitutes and

appoints each of Arlene Hong, Alice Givens, Kevin Kelly and James Scully, as

the undersigned's true and lawful attorneys-in-fact to:



(1) execute for and on behalf of the undersigned, in the undersigned's capacity

as a reporting person pursuant to Section 16 of the Securities Exchange Act of

1934, as amended (the "Exchange Act"), and the rules thereunder of J. Crew Group,

Inc. (the "Company"), a Form ID, Forms 3, 4 and 5 and any other documents

necessary to faciliate the filing of reports in acccordance with Section 16(a)

of the Exchange Act and the rules thereunder;



(2) do and perform any and all acts for and on behalf of the undersigned which

may be necessary or desirable to complete and execute any such Form ID or

Form 3, 4, or 5,complete and execute any amendment or amendments thereto, and

timely file such form with the United States Securities and Exchange Commission

and stock exchange or similar authority; and



(3) take any other action of any type whatsoever in connection with the

foregoing which, in the opinion of any of such attorneys-in-fact, may be of

benefit to, in the best interest of, or legally required by, the undersigned, it

being understood that the documents executed by any of such attorneys-in-fact on

behalf of the undersigned pursuant to this Power of Attorney shall be in such

form and shall contain such terms and conditions as any of such attorneys-in-fact

may approve in the discretion of any of such attorneys-in-fact.



The undersigned hereby grants to each such attorney-in-fact full power and

authority to do and perform any and every act and thing whatsoever requisite,

necessary, or proper to be done in the exercise of any of the rights and powers

herein granted, as fully to all intents and purposes as the undersigned might

or could do if personally present, with full power of substitution or

revocation, hereby ratifying and confirming all that any of such attorneys-in-fact,

or the substitute or substitutes of any of such attorneys-in-fact, shall lawfully

do or cause to be done by virtue of this Power of Attorney and the rights and

powers herein granted.  The undersigned acknowledges that the foregoing

attorneys-in-fact, in serving in such capacity at the request of the undersigned,

are not assuming, nor is the Company assuming, any of the undersigned's

responsibilities to comply with Section 16 of the Exchange Act.



This Power of Attorney shall remain in full force and effect until the

undersigned is no longer required to file Forms 3, 4, and 5 with respect to

the undersigned's holdings of and transactions in securities issued by the

Company, unless earlier revoked by the undersigned in a signed writing

delivered to the foregoing attorneys-in-fact.



IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be

executed as of September 24, 2007.





Signature:  /s/  Libby Wadle



Name:  Libby Wadle

(please print)