SEC Form 4 · accession 0001225208-18-002587
TAPESTRY, INC. · TPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd Kahn
Officer — President, CAO and Secretary
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 | 3,883 | $47.92 | D | 65,798 | D | |
| Common StockF2 | Feb 8, 2018 | M | 8,700 | $0.00 | A | 77,890 | D | |
| Common Stock | Feb 8, 2018 | S | 1,251 | $50.08 | D | 76,639 | D | |
| Common StockF3 | Feb 8, 2018 | F | 7,449 | $50.08 | D | 69,190 | D | |
| Common StockF2 | Feb 9, 2018 | M | 22,721 | $0.00 | A | 91,911 | D | |
| Common StockF4 | Feb 9, 2018 | S | 3,106 | $48.75 | D | 88,805 | D | |
| Common StockF3 | Feb 9, 2018 | F | 19,615 | $48.75 | D | 69,190 | 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,F5 | — | Feb 8, 2018 | M | 8,700 | D | — | Aug 15, 2024 | Common Stock | 8,700 | 22,721 | D |
| Stock OptionF2,F5 | — | Feb 9, 2018 | M | 22,721 | D | — | Aug 15, 2024 | Common Stock | 22,721 | 0 | D |
Explanation of responses
- F1These securities were withheld to pay for the taxes in connection with the vesting of restricted stock units on August 14, 2017.
- F2$36.31
- 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.
- F4These securities were sold in part pursuant to a divorce settlement.
- F5These options vested in three equal installments on the first, second and third anniversaries of the date of grant on August 14, 2015, 2016, and 2017.