Bogliolo Alessandro 4
4 · TIFFANY & CO · Filed Dec 28, 2020
Insider Transaction Report
Form 4
TIFFANY & COTIF
Bogliolo Alessandro
DirectorChief Executive Officer
Transactions
- Tax Payment
Common Stock $.01 Par
2020-12-22$131.18/sh−45,425$5,958,624→ 132,296 total - Tax Payment
Common Stock $.01 Par
2020-12-22$131.18/sh−34,876$4,574,859→ 92,369 total - Exercise/Conversion
Dividend Equivalent Units
2020-12-22−6,611→ 1,273 total→ Common Stock $.01 Par (6,611 underlying) - Exercise/Conversion
Common Stock $.01 Par
2020-12-22+3,597→ 127,245 total - Exercise/Conversion
Common Stock $.01 Par
2020-12-22+3,014→ 177,721 total - Exercise/Conversion
Performance-based Restricted Stock Units
2020-12-22−61,934→ 0 total→ Common Stock $.01 Par (61,934 underlying) - Exercise/Conversion
Common Stock $.01 Par
2020-12-22+82,338→ 174,707 total - Exercise/Conversion
Performance-based Restricted Stock Units
2020-12-22−82,338→ 0 total→ Common Stock $.01 Par (82,338 underlying) - Exercise/Conversion
Common Stock $.01 Par
2020-12-22+61,934→ 123,648 total
Footnotes (4)
- [F1]Each performance-based restricted stock unit represented a contingent right to receive a share of issuer's common stock upon satisfaction of financial performance criteria for the three-year performance period ended January 31, 2021 and publication of issuer's audited financial statements for the fiscal year ending on that date. 61,934 performance-based restricted stock units were granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3. Such performance-based restricted stock units were accelerated to vest in full, notwithstanding actual financial performance, on December 22, 2020.
- [F2]Settlement of dividend equivalent units in connection with vesting of performance-based stock units. The dividend equivalent units accrued when and as dividends were paid on the issuer's common stock and vested proportionately with the performance-based stock units to which they relate. The dividend equivalent units convert to the issuer's common stock on a one-for-one basis.
- [F3]Shares withheld to cover taxes on vested performance-based restricted stock units pursuant to issuer's default equity vesting procedures.
- [F4]Each performance-based restricted stock unit represented a contingent right to receive a share of issuer's common stock upon satisfaction of financial performance criteria for the three-year performance period ended January 31, 2022 and publication of issuer's audited financial statements for the fiscal year ending on that date. 82,338 performance-based restricted stock units were granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3. Such performance-based restricted stock units were accelerated to vest in full, notwithstanding actual financial performance, on December 22, 2020.