SEC Form 4 · accession 0000098246-17-000085

TIFFANY & CO · TIF

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chairman and Interim CEO · Director

Period of report

Mar 22, 2017

Accepted (ET)

Mar 24, 2017 · 12:31 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000098246

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock $.01 Par^F1,F2	Mar 22, 2017	M	12,357	—	A	58,886	D
Common Stock $.01 Par^F2	Mar 22, 2017	F	4,587	$94.245	D	54,299	D
Common Stock $.01 Par	holding	—	—		—	50,000	I	By Trust
Common Stock $.01 Par	holding	—	—		—	17,572	I	By Kowalski Family Foundation

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance-based Restricted Stock Units^F1	—	Mar 22, 2017	M	12,357	D	—	—	Common Stock $.01 Par	12,357	0	D

F1Each performance-based restricted stock unit represented a contingent right to receive a share of issuer's common stock upon satisfaction of financial performance criteria for the three-year performance period ended January 31, 2017 and publication of issuer's audited financial statements for the fiscal year-ended on that date. 45,000 performance-based restricted stock units were granted pursuant to the Tiffany & Co. 2005 Employee Incentive Plan, which complies with Rule 16b-3. 32,643 performance-based restricted stock units not eligible for conversion at the end of the performance period were canceled.
F2Includes 2,117 restricted stock units, 848 of which are vested and 1,269 of which will vest on the earlier of May 26, 2017, or the termination of the reporting person's service as a director due to death or disability. The reporting person has elected to defer the maturity date of all the restricted stock units (and thereby the delivery of the related shares) until six months after the date on which he ceases to be a director. The terms of the restricted stock units provide for earlier delivery upon the death, or the end of service as a result of the disability, of the reporting person.