SEC Form 4 · accession 0001612525-18-000001
PVH CORP. /DE/ · PVH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven B Shiffman
Officer — President & CEO, Calvin Klein
Period of report
Jan 16, 2018
Accepted (ET)
Jan 18, 2018 · 6:06 pm EST
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,F2 | Jan 16, 2018 | M | 3,100 | $26.11 | A | 20,419 | D | |
| Common Stock, $1 par valueF1,F2 | Jan 16, 2018 | S | 3,100 | $143.76 | D | 17,316 | D | |
| Common Stock, $1 par value | holding | — | — | — | 1,948 | 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)F3 | $26.11 | Jan 16, 2018 | M | 3,100 | D | — | Apr 16, 2019 | Common Stock, $1 par value. | 3,100 | 0 | D |
Explanation of responses
- F1In accordance with a domestic relations order, the reporting person transferred to his ex-wife the beneficial ownership of the number of shares of Common Stock subject to stock option awards granted on the dates shown: 3,100 granted on 4/16/09; 1,750 granted on 4/6/10; 1,600 granted on 4/7/11; 1,550 granted on 4/5/12; 1,650 granted on 5/1/13; 1,550 granted on 4/3/14; 1,600 granted on 7/1/14; and 3,500 granted on 4/2/15. The reporting person is deemed to hold these options for the benefit of his ex-wife and can exercise these options solely upon the direction of his ex-wife. The reporting person disclaims beneficial ownership of these options and the underlying shares. The shares reported in Column 4 of Table I were shares delivered to the reporting person pursuant to the exercise of stock options granted on 4/16/09. These options were exercised and the shares were sold at the direction of the reporting person's ex-wife. The reporting person had no pecuniary interest in these shares.
- F2Includes 15,267 shares of Common Stock subject to awards of restricted stock units, of which rights to 1,575 of the shares have been transferred to the reporting person's ex-wife pursuant to a domestic relations order. The reporting person disclaims beneficial ownership of the 1,575 transferred shares.
- F3Options to acquire 775 shares became exercisable on each of 4/16/10, 4/16/11, 4/16/12 and 4/16/13.