SEC Form 4 · accession 0000098246-17-000145
TIFFANY & CO · TIF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles K. Marquis
Director
Period of report
May 25, 2017
Accepted (ET)
May 30, 2017 · 7:05 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 ParF1,F2,F3 | May 25, 2017 | A | 933 | $0.00 | A | 50,202 | D | |
| Common Stock $.01 ParF4,F3 | May 26, 2017 | G | 1,269 | $0.00 | D | 48,933 | D | |
| Common Stock $.01 ParF5,F6 | holding | — | — | — | 30,249 | I | By Revocable Trust | |
| Common Stock $.01 ParF7 | holding | — | — | — | 56,000 | I | Irrevocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F8 | $85.82 | May 25, 2017 | A | 5,450 | A | May 26, 2017 | May 25, 2027 | Common Stock $.01 Par | 5,450 | 5,450 | D |
Explanation of responses
- F1Includes 933 unvested restricted stock units, which will vest in accordance with their terms on the earlier of the one-year anniversary of the grant date, or the termination of the reporting person's service as a director due to death or disability.
- F2Given for no consideration.
- F3Includes 933 unvested restricted stock units, which will vest on the earlier of May 25, 2018, 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 these 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.
- F4Shares transferred to the Charles and Cynthia Marquis Joint Revocable Trust dated 12/8/03.
- F51,269 shares were transferred on 5/26/17 from directly owned shares to the Charles and Cynthia Marquis Joint Revocable Trust dated 12/8/03.
- F6Charles and Cynthia Marquis Joint Revocable Trust dated 12/8/03.
- F7Irrevocable Trust titled "Marquis 2012 Children's Trust." Reporting person is the sole trustee of the trust. Reporting person disclaims beneficial ownership of Tiffany & Co. stock held by the Marquis 2012 Children's Trust.
- F8Options granted pursuant to the Tiffany & Co. 2008 Directors Equity Compensation Plan, which complies with Rule 16b-3. The option is exercisable on the first business day following the grant date.