SEC Form 4 · accession 0001225208-16-037890
TAPESTRY, INC. · TPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian Bickley
Officer — President, International Group
Period of report
Aug 11, 2016
Accepted (ET)
Aug 15, 2016 · 6:36 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 11, 2016 | A | 8,528 | $39.87 | A | 119,251 | D | |
| Common StockF2 | Aug 12, 2016 | F | 5,051 | $39.33 | D | 114,200 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3,F4 | $39.87 | Aug 11, 2016 | A | 94,752 | A | Aug 11, 2017 | Aug 11, 2026 | Common Stock | 94,752 | 94,752 | D |
Explanation of responses
- F1All of the securities acquired were received in the form of unvested restricted stock units issued under the Amended and Restated Coach, Inc. 2010 Stock Incentive Plan (Amended and Restated as of September 18, 2015) of the Issuer. These securities will vest on August 11, 2019.
- F2These shares were withheld to pay for the taxes in connection with the vesting of restricted stock units.
- F3These securities will convert on a 1-for-1 basis into shares of the issuer's common stock.
- F4These service-based securities vest in three equal installments on the first, second and third anniversaries of the date of grant. The first tranch will vest on August 11, 2017, the second on August 11, 2018, and the third on August 11, 2019.