SEC Form 4 · accession 0000098246-18-000070
TIFFANY & CO · TIF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Caroline D Naggiar
Officer — SENIOR VICE PRESIDENT
Period of report
Jan 17, 2018
Accepted (ET)
Jan 19, 2018 · 6:54 pm EST
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 | holding | — | — | — | 17,004 | D | ||
| Common Stock $.01 Par | holding | — | — | — | 53 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $108.99 | Jan 17, 2018 | A | 12,212 | A | — | Jan 17, 2028 | Common Stock $.01 Par | 12,212 | 12,212 | D |
| Performance-based Restricted Stock UnitsF3,F4 | — | Jan 17, 2018 | A | 8,946 | A | — | — | Common Stock $.01 Par | 8,946 | 8,946 | D |
| Restricted Stock UnitsF5 | — | Jan 17, 2018 | A | 2,240 | A | — | — | Common Stock $.01 Par | 2,240 | 2,240 | D |
Explanation of responses
- F1Granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3.
- F2The option vests in four equal annual installments on January 17, 2019, 2020, 2021 and 2022.
- F3The performance-based restricted stock units convert to the issuer's common stock on a one-for-one basis.
- F4All or a percentage of the units will be converted to common stock if issuer satisfies financial performance criteria for the three-year performance period ending January 31, 2021. Performance-based restricted stock units not eligible for conversion at the end of such performance period will be canceled.
- F5The restricted stock units convert to the issuer's common stock on a one-for-one basis and will vest in four equal annual installments on January 17, 2019, 2020, 2021 and 2022.