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PVH CORP. /DE/ — Director's Dealing 2011
Apr 11, 2011
31157_dirs_2011-04-11_e629abe3-7c97-49d5-b7a5-a7452002556b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PHILLIPS VAN HEUSEN CORP /DE/ (PVH)
CIK: 0000078239
Period of Report: 2011-04-07
Reporting Person: Shaffer Michael A (Executive VP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-04-07 | Common Stock, $1 par value | A | 5544 | — | Acquired | 33506 | Direct |
| 2011-04-07 | Common Stock, $1 par value | A | 20000 | $35.63 | Acquired | 53506 | Direct |
| 2011-04-07 | Common Stock, $1 par value | A | 20000 | $38.98 | Acquired | 73506 | Direct |
| 2011-04-07 | Common Stock, $1 par value | A | 20000 | $58.60 | Acquired | 93506 | Direct |
| 2011-04-07 | Common Stock, $1 par value | S | 60000 | $65.4934 | Disposed | 33506 | Direct |
| 2011-04-09 | Common Stock, $1 par value | F | 954 | $64.08 | Disposed | 32552 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-04-07 | Option (Right to Buy) | $64.97 | A | 20800 | Acquired | 2021-04-07 | Common Stock, $1 par value (20800) | Direct |
| 2011-04-07 | Option (Right to Buy) | $35.63 | M | 20000 | Disposed | 2016-01-07 | Common Stock, $1 par value (20000) | Direct |
| 2011-04-07 | Option (Right to Buy) | $38.98 | M | 20000 | Disposed | 2016-03-27 | Common Stock, $1 par value (20000) | Direct |
| 2011-04-07 | Option (Right to Buy) | $58.60 | M | 20000 | Disposed | 2017-04-05 | Common Stock, $1 par value (20000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $1 par value | 6642.39 | Indirect |
Footnotes
F1: Represents shares subject to an award of restricted stock units. Each unit represents a contingent right to receive one share of Issuer's Common Stock. The units vest 25% (1,386 shares) on the second anniversary of grant, 25% (1,386 shares) on the third anniversary of grant and 50% (2,772 shares) on the fourth anniversary of grant. Vested shares are delivered as soon as practicable after they vest.
F2: Includes 26,660 shares of Common Stock subject to awards of restricted stock units.
F3: This price is a weighted average price. The sales occurred at prices from $64.95 to $65.94. The reporting person will provide to the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F4: Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting of 2,063 restricted stock units. The restricted stock units were reported as directly owned shares at the time they were granted.
F5: Includes 24,597 shares of Common Stock subject to awards of restricted stock units.
F6: All options exercisable for shares of Issuer's Common Stock, $1 par value.
F7: Options to acquire 5,200 shares become exercisable on each of 4/07/2012, 4/07/2013, 4/07/2014 and 4/07/2015.
F8: Options to acquire 5,000 shares became exercisable on each of 1/17/2007, 1/17/2008, 1/17/2009 and 1/17/2010.
F9: Options to acquire 5,000 shares became exercisable on each of 3/27/2007, 3/27/2008, 3/27/2009 and 3/27/2010.
F10: Options to acquire 5,000 shares became exercisable on each of 4/5/2008, 4/5/2009, 4/5/2010 and 4/5/2011.