4//SEC Filing
SHUTZER WILLIAM A 4
Accession 0000098246-21-000023
CIK 0000098246other
Filed
Jan 10, 7:00 PM ET
Accepted
Jan 11, 5:11 PM ET
Size
28.0 KB
Accession
0000098246-21-000023
Insider Transaction Report
Form 4
TIFFANY & COTIF
SHUTZER WILLIAM A
Director
Transactions
- Disposition to Issuer
Common Stock $.01 Par
2021-01-07$131.50/sh−112,977$14,856,476→ 0 total - Disposition to Issuer
Common Stock $.01 Par
2021-01-07$131.50/sh−32,210$4,235,615→ 0 total(indirect: By Trust) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2021-01-07−4,951→ 0 totalExercise: $93.53Exp: 2029-06-04→ Common Stock $.01 Par (4,951 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2021-01-07−6,020→ 0 totalExercise: $63.38Exp: 2026-05-26→ Common Stock $.01 Par (6,020 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2021-01-07−3,409→ 0 totalExercise: $94.63Exp: 2025-05-28→ Common Stock $.01 Par (3,409 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2021-01-07−2,976→ 0 totalExercise: $96.73Exp: 2024-05-22→ Common Stock $.01 Par (2,976 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2021-01-07−2,886→ 0 totalExercise: $76.82Exp: 2023-05-16→ Common Stock $.01 Par (2,886 underlying) - Disposition to Issuer
Common Stock $.01 Par
2021-01-07$131.50/sh−102,690$13,503,735→ 0 total(indirect: By KJC Ltd.) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2021-01-07−3,326→ 0 totalExercise: $126.44Exp: 2028-05-24→ Common Stock $.01 Par (3,326 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2021-01-07−5,450→ 0 totalExercise: $85.82Exp: 2027-05-25→ Common Stock $.01 Par (5,450 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2021-01-07−2,878→ 0 totalExercise: $61.12Exp: 2022-05-17→ Common Stock $.01 Par (2,878 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2021-01-07−2,477→ 0 totalExercise: $70.28Exp: 2021-05-19→ Common Stock $.01 Par (2,477 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of October 28, 2020, by and among Tiffany & Co. (the "Company"), LVMH Moet Hennessy-Louis Vuitton SE ("Parent"), Breakfast Holdings Acquisition Corp. ("Holding") and Breakfast Acquisition Corp. ("Merger Sub") (the "Merger Agreement"), which amended and restated the Agreement and Plan of Merger, dated as of November 24, 2019, by and among the Company, Parent, Holding and Merger Sub, in exchange for $131.50 per share in cash, without interest and less any required withholding taxes (the "Per Share Merger Consideration"). The total number of shares disposed of included 1,246 unvested restricted stock units ("RSUs"), and 1,366 vested RSUs (which includes dividend equivalent units credited in respect of such vested RSUs) as to which the director elected to defer the maturity date (and thereby the delivery of the related shares).
- [F2]KJC Ltd. is a Delaware limited partnership of which the reporting person is the sole general partner and of which three of his adult children are limited partners. Reporting person disclaims beneficial ownership of Tiffany & Co. stock held by KJC Ltd.
- [F3]Article IV trust dated August 1, 2012 for one of the reporting person's adult children. Reporting person's spouse, Faye Shutzer, is the sole trustee of the trust. Reporting person disclaims beneficial ownership of the Tiffany & Co. stock held by the trust.
- [F4]Pursuant to the Merger Agreement, each outstanding option, whether vested or unvested, was canceled and converted into the right to receive an amount in cash, without interest and less any required withholding taxes, equal to the product of (i) the excess, if any, of (A) the Per Share Merger Consideration over (B) the per-share exercise price for such option, multiplied by (ii) the total number of shares underlying such option.
Documents
Issuer
TIFFANY & CO
CIK 0000098246
Entity typeother
Related Parties
1- filerCIK 0001016750
Filing Metadata
- Form type
- 4
- Filed
- Jan 10, 7:00 PM ET
- Accepted
- Jan 11, 5:11 PM ET
- Size
- 28.0 KB