COSTLEY GARY E 4
4 · TIFFANY & CO · Filed Oct 13, 2017
Insider Transaction Report
Form 4
TIFFANY & COTIF
COSTLEY GARY E
Director
Transactions
- Award
Dividend Equivalent Units
2017-10-10+6→ 12 total→ Common Stock $.01 Par (6 underlying)
Holdings
- 10,962
Common Stock $.01 Par
Footnotes (3)
- [F1]Includes 9,962 restricted stock units, 9,029 of which are vested and 933 of 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.
- [F2]Represents 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.
- [F3]The 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.