SEC Form 4 · accession 0000098246-17-000269
TIFFANY & CO · TIF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Joseph Kowalski
Director
Period of report
Oct 10, 2017
Accepted (ET)
Oct 12, 2017 · 5:48 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 | holding | — | — | — | 73,714 | D | ||
| Common Stock $.01 Par | holding | — | — | — | 30,585 | I | By Trust | |
| Common Stock $.01 Par | holding | — | — | — | 7,000 | I | By Kowalski Family Foundation |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent UnitsF2,F3 | — | Oct 10, 2017 | A | 6 | A | — | — | Common Stock $.01 Par | 6 | 12 | D |
Explanation of responses
- F1Includes 2,117 vested restricted stock units.
- F2Represents dividend equivalent units accrued on October 10, 2017 in respect of vested restricted stock units granted to the reporting person on May 26, 2016 pursuant to the Tiffany & Co. 2008 Directors Equity Compensation Plan, which complies with Rule 16b-3. The dividend equivalent units convert to the issuer's common stock on a one-for-one basis.
- F3The dividend equivalent units vest proportionately with the underlying restricted stock units to which they relate. The reporting person has elected to defer the maturity date of all the restricted stock units and the related dividend equivalent 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.