SEC Form 4 · accession 0001225208-15-017049
TAPESTRY, INC. · TPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Victor Luis
Officer — Chief Executive Officer · Director
Period of report
Aug 12, 2015
Accepted (ET)
Aug 14, 2015 · 6:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001116132
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2,F3,F4 | — | Aug 12, 2015 | A | 2,721 | A | — | — | Common Stock | 2,721 | 707,016 | D |
Explanation of responses
- F1These securities were issued under the 2010 Stock Incentive Plan of the Issuer.
- F2These securities will convert on a 1-for-1 basis into shares of the Issuer's common stock.
- F3These securities were acquired through a performance adjustment related to the Reporting Person's PRSU granted issued on 8/15/2013, pursuant to the performance of the Company against specified performance goals, and determined by the Human Resources Committee of Coach's Board of Directors to be 113.94% of the target value. The second tranche of the original grant, reported at target, was originally 19,521.56 shares. Applying the 113.94% performance factor adjustment resulted in an additional 2,721 shares, for a total grant of 22,242.86 shares. The original grant has a graded vesting schedule and the date exercisable will vary for each vesting tranche.
- F4These securities do not expire.