SEC Form 4 · accession 0000098246-19-000015
TIFFANY & CO · TIF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrea Davey
Officer — Senior Vice President
Period of report
Jan 17, 2019
Accepted (ET)
Jan 22, 2019 · 4:36 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 ParF1 | Jan 17, 2019 | M | 273 | — | A | 3,173 | D | |
| Common Stock $.01 ParF2 | Jan 17, 2019 | M | 5 | — | A | 3,178 | D | |
| Common Stock $.01 ParF3 | Jan 17, 2019 | F | 109 | $83.39 | D | 3,069 | D |
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)F5 | $85.26 | Jan 17, 2019 | A | 11,400 | A | — | Jan 17, 2029 | Common Stock $.01 Par | 11,400 | 11,400 | D |
| Restricted Stock UnitsF6 | — | Jan 17, 2019 | A | 2,092 | A | — | — | Common Stock $.01 Par | 2,092 | 2,092 | D |
| Performance-based Restricted Stock UnitsF7,F8 | — | Jan 17, 2019 | A | 8,358 | A | — | — | Common Stock $.01 Par | 8,358 | 8,358 | D |
| Restricted Stock UnitsF1 | — | Jan 17, 2019 | M | 273 | D | — | — | Common Stock $.01 Par | 273 | 819 | D |
| Dividend Equivalent UnitsF2 | — | Jan 17, 2019 | M | 5 | D | — | — | Common Stock $.01 Par | 5 | 156 | D |
Explanation of responses
- F1The 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.
- F2Settlement of dividend equivalent units in connection with vesting of restricted stock units. The dividend equivalent units accrued when and as dividends were paid on the issuer's common stock and vested proportionately with the restricted stock units to which they relate. The dividend equivalent units convert to the issuer's common stock on a one-for-one basis.
- F3Shares withheld to cover taxes on vested restricted stock units and dividend equivalent units pursuant to issuer's default equity vesting procedures.
- F4Granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3.
- F5The option vests in four equal annual installments on January 17, 2020, 2021, 2022 and 2023.
- F6The 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, 2020, 2021, 2022 and 2023.
- F7The performance-based restricted stock units convert to the issuer's common stock on a one-for-one basis.
- F8All 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, 2022. Performance-based restricted stock units not eligible for conversion at the end of such performance period will be canceled.