SEC Form 4 · accession 0001612525-16-000005
PVH CORP. /DE/ · PVH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven B Shiffman
Officer — CEO, Calvin Klein
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 5:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000078239
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $1 par valueF1 | Apr 1, 2016 | A | 8,052 | $0.00 | A | 15,400 | D | |
| Common Stock, $1 par valueF3,F2 | Apr 2, 2016 | A | 826 | $0.00 | A | 16,226 | D | |
| Common Stock, $1 par valueF4,F2 | Apr 2, 2016 | F | 306 | $99.39 | D | 15,920 | D | |
| Common Stock, $1 par valueF5,F6 | Apr 3, 2016 | F | 112 | $99.39 | D | 16,808 | D | |
| Common Stock, $1 par value | holding | — | — | — | 3,539 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F7,F8 | $99.39 | Apr 1, 2016 | A | 15,100 | A | — | Apr 1, 2026 | Common Stock, $1 par value | 15,100 | 15,100 | D |
Explanation of responses
- F1Represents shares subject to an award of restricted stock units. Each unit represents a contingent right to receive one share of Issuer's Common Stock. The units vest 25% (2,013 shares) on each anniversary of grant. Vested shares are delivered as soon as practicable after they vest.
- F2Includes 14,920 shares of Common Stock subject to awards of restricted stock units.
- F3Represents shares received upon settlement of a performance share award.
- F4Represents shares withheld to satisfy the Reporting Person's tax obligations with the settlement of the performance share award described in Note (3) above.
- F5Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting of 302 restricted stock units.
- F6Includes 15,618 shares of Common Stock subject to awards of restricted stock units.
- F7All options exercisable for shares of Issuer's Common Stock, $1 par value.
- F8Options to acquire 3,775 shares become exercisable on each of 4/1/2017, 4/1/2018, 4/1/2019 and 4/1/2020.