Galtie Philippe 4
4 · TIFFANY & CO · Filed Dec 28, 2020
Insider Transaction Report
Form 4
TIFFANY & COTIF
Galtie Philippe
Senior Vice President
Transactions
- Exercise/Conversion
Common Stock $.01 Par
2020-12-22+852→ 57,891 total - Tax Payment
Common Stock $.01 Par
2020-12-22$131.18/sh−8,267$1,084,424→ 49,624 total - Exercise/Conversion
Performance-based Restricted Stock Units
2020-12-22−14,682→ 0 total→ Common Stock $.01 Par (14,682 underlying) - Exercise/Conversion
Common Stock $.01 Par
2020-12-22+14,682→ 57,039 total - Exercise/Conversion
Common Stock $.01 Par
2020-12-22+18,768→ 68,392 total - Exercise/Conversion
Common Stock $.01 Par
2020-12-22+687→ 69,079 total - Tax Payment
Common Stock $.01 Par
2020-12-22$131.18/sh−10,354$1,358,186→ 58,725 total - Exercise/Conversion
Dividend Equivalent Units
2020-12-22−1,539→ 390 total→ Common Stock $.01 Par (1,539 underlying) - Exercise/Conversion
Performance-based Restricted Stock Units
2020-12-22−18,768→ 0 total→ Common Stock $.01 Par (18,768 underlying)
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. 14,682 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. 18,768 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.