SEC Form 4 · accession 0001225208-18-002586
TAPESTRY, INC. · TPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian Bickley
Officer — President Global Busines Dev.
Period of report
Aug 14, 2017
Accepted (ET)
Feb 12, 2018 · 8:29 pm EST
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, 2017 | F | 3,975 | $47.92 | D | 117,105 | D | |
| Common Stock | Feb 9, 2018 | M | 92,441 | $38.75 | A | 199,987 | D | |
| Common Stock | Feb 9, 2018 | M | 54,987 | $36.31 | A | 254,974 | D | |
| Common StockF2 | Feb 9, 2018 | M | 41,975 | $0.00 | A | 296,949 | D | |
| Common Stock | Feb 9, 2018 | M | 32,745 | $38.41 | A | 329,694 | D | |
| Common Stock | Feb 9, 2018 | M | 31,585 | $39.87 | A | 361,279 | D | |
| Common Stock | Feb 9, 2018 | M | 12,748 | $29.37 | A | 374,027 | D | |
| Common StockF3 | Feb 9, 2018 | F | 10,167 | $48.78 | D | 363,860 | D | |
| Common StockF3 | Feb 9, 2018 | F | 28,660 | $48.77 | D | 335,200 | D | |
| Common StockF3 | Feb 9, 2018 | F | 29,214 | $48.77 | D | 305,986 | D | |
| Common StockF3 | Feb 9, 2018 | F | 32,176 | $48.79 | D | 273,810 | D | |
| Common StockF4 | Feb 9, 2018 | S | 36,747 | $48.90 | D | 237,063 | D | |
| Common StockF3 | Feb 9, 2018 | F | 47,015 | $48.76 | D | 190,048 | D | |
| Common StockF3,F5 | Feb 9, 2018 | F | 82,502 | $49.16 | D | 107,546 | 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,F6 | — | Feb 9, 2018 | M | 41,975 | D | — | Aug 13, 2025 | Common Stock | 41,975 | 20,986 | D |
| Stock OptionF7 | $38.75 | Feb 9, 2018 | M | 92,441 | D | Jun 29, 2013 | Aug 5, 2020 | Common Stock | 92,441 | 0 | D |
| Stock OptionF7 | $38.41 | Feb 9, 2018 | M | 32,745 | D | Aug 4, 2011 | Aug 4, 2020 | Common Stock | 32,745 | 0 | D |
| Stock OptionF7 | $29.37 | Feb 9, 2018 | M | 12,748 | D | Aug 5, 2010 | Aug 5, 2019 | Common Stock | 12,748 | 0 | D |
| Stock OptionF7 | $39.87 | Feb 9, 2018 | M | 31,585 | D | Aug 11, 2017 | Aug 11, 2026 | Common Stock | 31,585 | 63,167 | D |
| Stock OptionF7 | $36.31 | Feb 9, 2018 | M | 54,987 | D | Aug 14, 2015 | Aug 14, 2024 | Common Stock | 54,987 | 0 | D |
Explanation of responses
- F1These shares were withheld to pay for the taxes in connection with the vesting of resticted stock units on August 14, 2017.
- F2$31.46
- F3These shares were sold to pay for the cost of, and the taxes and fees associated with, the exercise of the derivative securities described above.
- F4The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.75 to $49.15, inclusive. The reporting person undertakes to provide to the Issuer, security holders of the Issuer, or the Securities and Exchange Commission additional information regarding the weighted average, upon request.
- F5Balance reflects disposition of 18,317 shares resulting from liquidation of Issuer's stock fund in 401(k) plan in an exempt transaction pursuant to Section 16b-3(c).
- F6These options vest in three equal installments on the first, second and third anniversaries of the date of grant starting on August 13, 2016.
- F7These options vest in three equal annual installments starting on the Date Exercisable reflected in column 6.