SEC Form 4 · accession 0001225208-18-012784
TAPESTRY, INC. · TPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joshua Schulman
Officer — CEO and Brand President, Coach
Period of report
Aug 16, 2018
Accepted (ET)
Aug 20, 2018 · 7:15 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 16, 2018 | A | 9,731 | $51.38 | A | 39,983 | D | |
| Common StockF2 | Aug 17, 2018 | F | 961 | $51.41 | D | 39,022 | 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,F5 | $51.38 | Aug 16, 2018 | A | 86,598 | A | Aug 16, 2019 | Aug 16, 2028 | Common Stock | 86,598 | 86,598 | D |
Explanation of responses
- F1These securities were acquired in the form of unvested restricted stock units issued under the Issuer's Stock Incentive Plan. 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 16, 2019, the second on August 16, 2020, the third on August 16, 2021 and the fourth on August 16, 2022.
- F2These shares were withheld to pay for the taxes in connection with the vesting of the restricted stock units on the Transaction Date.
- F3These securities were issued under the Issuer's Stock Incentive Plan.
- F4These securities will convert on a 1-for-1 basis into shares of the issuer's common stock.
- F5These 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 16, 2019, the second on August 16, 2020, the third on August 16, 2021 and the fourth on August 16, 2022.