Kate Spade & Co 4
4 · Kate Spade & Co · Filed Jul 13, 2017
Insider Transaction Report
Form 4
Kate Spade & CoKATE
Benjamin Lawrence S.
Director
Transactions
- Disposition to Issuer
Common stock, par value $1 per share
2017-07-11−57,047→ 0 total
Footnotes (1)
- [F1]Represents shares of common stock, par value $1.00 per share, of the Company (each, a "Share") that were granted as part of director annual retainer compensation and deferred pursuant to the Company's Outside Directors' Deferral Plan (the "Director Deferral Plan"), pursuant to which the Reporting Person elected to defer the receipt of such Shares (each, a "phantom share"). Pursuant to the terms of the Director Deferral Plan, each phantom share was converted into an amount in cash (determined by multiplying $18.50 by the number of phantom shares credited to the Reporting Person's "company stock subaccount" under the Director Deferral Plan) and was transferred and credited to the Reporting Person's "cash subaccount" under the Director Deferral Plan. Following such conversion and transfer, the Reporting Person's cash subaccount balance shall be paid in accordance with the terms of the Director Deferral Plan and the Reporting Person's applicable deferral election.