SEC Form 4 · accession 0001225208-18-002943
TAPESTRY, INC. · TPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Victor Luis
Officer — Chief Executive Officer · Director
Period of report
Feb 12, 2018
Accepted (ET)
Feb 14, 2018 · 6:05 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 | Feb 12, 2018 | M | 314,211 | $0.00 | A | 465,249 | D | |
| Common StockF2 | Feb 12, 2018 | M | 287,823 | $0.00 | A | 753,072 | D | |
| Common Stock | Feb 12, 2018 | M | 92,441 | $38.75 | A | 845,513 | D | |
| Common Stock | Feb 12, 2018 | M | 16,400 | $39.87 | A | 861,913 | D | |
| Common Stock | Feb 12, 2018 | M | 5,218 | $38.41 | A | 867,131 | D | |
| Common StockF3 | Feb 12, 2018 | F | 4,415 | $50.01 | D | 862,716 | D | |
| Common StockF3 | Feb 12, 2018 | F | 14,711 | $50.02 | D | 848,005 | D | |
| Common StockF3 | Feb 12, 2018 | F | 81,857 | $50.03 | D | 766,148 | D | |
| Common StockF4 | Feb 12, 2018 | S | 113,998 | $50.02 | D | 652,150 | D | |
| Common StockF3 | Feb 12, 2018 | F | 233,466 | $50.02 | D | 418,684 | D | |
| Common StockF3 | Feb 12, 2018 | F | 267,646 | $50.00 | D | 151,038 | D | |
| Common Stock | Feb 13, 2018 | M | 95,074 | $39.87 | A | 246,112 | D | |
| Common Stock | Feb 13, 2018 | S | 9,782 | $50.00 | D | 236,330 | D | |
| Common StockF3 | Feb 13, 2018 | F | 85,292 | $50.00 | D | 151,038 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF5 | $38.75 | Feb 12, 2018 | M | 92,441 | D | — | Aug 5, 2020 | Common Stock | 92,441 | 0 | D |
| Stock OptionF2,F6 | — | Feb 12, 2018 | M | 287,823 | D | — | Aug 13, 2025 | Common Stock | 287,823 | 143,911 | D |
| Stock OptionF1,F7 | — | Feb 12, 2018 | M | 314,211 | D | — | Aug 15, 2024 | Common Stock | 314,211 | 0 | D |
| Stock OptionF8 | $38.41 | Feb 12, 2018 | M | 5,218 | D | Aug 4, 2013 | Aug 4, 2020 | Common Stock | 5,218 | 0 | D |
| Stock OptionF9 | $39.87 | Feb 12, 2018 | M | 16,400 | D | Aug 11, 2017 | Aug 11, 2026 | Common Stock | 16,400 | 318,020 | D |
| Stock OptionF9 | $39.87 | Feb 13, 2018 | M | 95,074 | D | Aug 11, 2017 | Aug 11, 2026 | Common Stock | 95,074 | 222,946 | D |
Explanation of responses
- F1$36.31
- 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 $50.00 to $50.03, 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.
- F5These options vested in three equal installments on June 29, 2013, June 28, 2014 and June 27, 2015 .
- 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 vested in three equal installments on the first, second and third anniversaries of the date of grant starting on August 14, 2015.
- F8These options vested in three equal installments on the first, second and third anniversaries of the date of grant starting on August 4, 2011.
- F9These options vest in three equal installments on the first, second and third anniversaries of the date of grant starting on August 11, 2017.