DUCK HEAD APPAREL COMPANY, INC. INCORPORATED UNDER THE LAWS OF THE STATE OF GEORGIA NUMBER SHARES DH ____________ ________ THIS CERTIFICATE IS TRANSFERABLE IN SEE REVERSE FOR NEW YORK, NEW YORK OR CERTAIN DEFINITIONS CHARLOTTE, NORTH CAROLINA CUSIP THIS CERTIFIES THAT IS THE OWNER OF FULLY PAID SHARES OF THE COMMON STOCK, PAR VALUE $0.01, OF DUCK HEAD APPAREL COMPANY, INC. transferable on the books of the Corporation by the holder hereof in person or by duly authorized Attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar. Witness the facsimile seal of the Corporation and the facsimile signatures of the duly authorized officers. Dated: _________________ COUNTERSIGNED AND REGISTERED: FIRST UNION NATIONAL BANK (CHARLOTTE, NORTH CAROLINA) TRANSFER AGENT AND REGISTRAR BY ________________________ AUTHORIZED SIGNATURE /s/ K. Scott Grassmyer Robert D. Rockey - ----------------------------- ----------------------------- SECRETARY CHAIRMAN OF THE BOARD Duck Head Apparel Company, Inc. This certificate also evidences and entitles the holder hereof to certain Rights as set forth in a Shareholder Rights Agreement between Duck Head Apparel Company, Inc. and First Union National Bank, as Rights Agent, dated as of January 27, 2000 (the "Rights Agreement"), the terms of which are hereby incorporated herein by reference and a copy of which is on file at the principal offices of Duck Head Apparel Company, Inc. Under certain circumstances, as set forth in the Rights Agreement, such Rights will be evidenced by separate certificates and will no longer be evidenced by this certificate. Duck Head Apparel Company, Inc. will mail to the holder of this certificate a copy of the Rights Agreement, as in effect on the date of mailing, without charge promptly after receipt of a written request therefor. Under certain circumstances, Rights issued to Acquiring Persons or any Affiliates or Associates thereof (as defined in the Rights Agreement) and any subsequent holder of such Rights may become null and void. The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT-......Custodian ..... TEN ENT - as tenants by the entireties Cust. Minor JT TEN - as joint tenants with right of under Uniform Gifts to Minors survivorship and not as tenants Act ............ in common (State) Additional abbreviations may also be used though not in the above list. FOR VALUE RECEIVED, ______________________ hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______________________________ ________________________________________________________________________________ (Please print or typewrite name and address including postal zip code of assignee) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________ shares of the Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _______________________________________________________________________ Attorney to transfer the said stock on the books of the within named Corporation, with full power of substitution in the premises. Dated ______________________________ NOTICE: _________________________________________________ THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER. SIGNATURE(S) GUARANTEED: _________________________________________ THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.