SEC Form 4 · accession 0001209191-16-107192
Kate Spade & Co · KATE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Thomas J Linko
Officer — SVP, Chief Financial Officer
Period of report
Mar 4, 2016
Accepted (ET)
Mar 8, 2016 · 8:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000352363
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $1 per shareF2 | Mar 4, 2016 | M | 1,170 | $0.00 | A | 3,690 | D | |
| Common Stock, par value $1 per share | Mar 4, 2016 | F | 495 | $23.28 | D | 3,195 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Share UnitsF4,F1,F3 | — | Mar 4, 2016 | M | 1,170 | D | Mar 4, 2016 | — | Common stock, par value $1 per share | 1,170 | 2,014 | D |
Explanation of responses
- F1Market share units ("MSUs") granted on March 3, 2014 and converted to an equal number of shares of Issuer's common stock upon vesting on March 4, 2016, in accordance with the terms of the 2014 MSU award.
- F2Reflects correction for an arithmetic error of 20 shares.
- F3Not applicable.
- F4Each MSU represents the right to receive one share of common stock based on certain vesting conditions. The number of MSUs reported as beneficially owned following the reported transaction represents 50% of the target number awarded on March 3, 2014. The actual number of shares of common stock that may vest is contingent on the market price levels that the Issuer's common stock achieves during pre-determined intervals, with a potential payout ranging from 30% to 200% of the number of target MSUs awarded. The remainder of this 2014 MSU award will vest after the performance period ending on March 3, 2017.