SEC Form 4 · accession 0001225208-17-014183
TAPESTRY, INC. · TPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joshua Schulman
Officer — CEO and President, Coach Brand
Period of report
Aug 17, 2017
Accepted (ET)
Aug 18, 2017 · 6:03 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 17, 2017 | A | 9,756 | $41.00 | A | 31,388 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2,F3,F4 | $41.00 | Aug 17, 2017 | A | 104,623 | A | Aug 17, 2018 | Aug 17, 2027 | Common Stock | 104,623 | 104,623 | D |
Explanation of responses
- F1These securities were acquired 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 23, 2016) of the Issuer. These securities will vest in four equal tranches on the first, second, third and fourth anniversaries of the date of grant. The first tranch will vest on August 17, 2018, the second on August 17, 2019, the third on August 17, 2020 and the fourth on August 17, 2021.
- F2These securities were issued under the Amended and Restated Coach, Inc. 2010 Stock Incentive Plan (Amended and Restated as of September 23, 2016) of the Issuer.
- F3These securities will convert on a 1-for-1 basis into shares of the issuer's common stock.
- F4These service-based securities vest in four equal installments on the first, second, third and fourth anniversaries of the date of grant. The first tranch will vest on August 17, 2018, the second on August 17, 2019, the third on August 17, 2020 and the fourth on August 17, 2021.