SEC Form 4 · accession 0001225208-15-017114
TAPESTRY, INC. · TPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andre Cohen
Officer — President, North America
Period of report
Aug 13, 2015
Accepted (ET)
Aug 17, 2015 · 6:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001116132
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 14, 2015 | M | 1,308 | $0.00 | A | 13,580 | D | |
| Common StockF2 | Aug 14, 2015 | F | 540 | $31.93 | D | 13,040 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3,F4,F5,F6 | — | Aug 13, 2015 | A | 11,125 | A | — | — | Common Stock | 11,125 | 60,959 | D |
| Restricted Stock UnitF3,F4,F7,F6 | — | Aug 13, 2015 | A | 11,125 | A | — | — | Common Stock | 11,125 | 72,084 | D |
| Stock OptionF3,F4,F8 | — | Aug 13, 2015 | A | 62,961 | A | — | Aug 13, 2025 | Common Stock | 62,961 | 62,961 | D |
| Restricted Stock UnitF4,F9,F6 | — | Aug 14, 2015 | M | 1,308 | D | — | — | Common Stock | 1,308 | 70,776 | D |
Explanation of responses
- F1Vesting of Restricted Stock Units.
- F2These shares were withheld to pay for the taxes in connection with the conversion of derivative securities described above.
- F3These securities were issued under the 2010 Stock Incentive Plan of the Issuer.
- F4These securities will convert on a 1-for-1 basis into shares of the issuer's common stock.
- F5These service-based securities will vest on the third anniversary of the date of grant, based solely on the reporting person's continued employment with the issuer. Unvested units are cancelled upon termination of the reporting person's employment.
- F6These securities do not expire.
- F7These performance based securities will vest on the third anniversary of the date of grant, based on the reporting person's continued employment with the issuer and performance of the Company against specified performance goals (determined by the Human Resources Committee of the Board of Directors) at Target levels. The actual number of award shares may range from 0-170% of the Target value, depending on the Company's level of the achievement of these performance measures and goals over the stated periods.
- F8These options vest in three equal installments on the first, second and third anniversaries of the date of grant.
- F9These securities vested on August 14, 2015.