Bogliolo Alessandro 4
4 · TIFFANY & CO · Filed Jan 11, 2021
Insider Transaction Report
Form 4
TIFFANY & COTIF
Bogliolo Alessandro
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Restricted Stock Units
2021-01-07−27,995→ 0 total→ Common Stock $.01 Par (27,995 underlying) - Disposition to Issuer
Performance-based Restricted Stock Units
2021-01-07−55,717→ 0 total→ Common Stock $.01 Par (55,717 underlying) - Disposition to Issuer
Common Stock $.01 Par
2021-01-07$131.50/sh−132,296$17,396,924→ 0 total
Footnotes (3)
- [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").
- [F2]Pursuant to the Merger Agreement, each outstanding performance-based restricted stock unit 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 total number of shares subject to such performance-based restricted stock unit (including for the avoidance of doubt any dividend equivalent units credited in respect of such performance-based restricted stock unit), multiplied by (ii) the Per Share Merger Consideration.
- [F3]Pursuant to the Merger Agreement, each outstanding restricted stock unit 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 total number of shares subject to such restricted stock unit (including for the avoidance of doubt any dividend equivalent units credited in respect of such restricted stock unit), multiplied by (ii) the Per Share Merger Consideration.