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PVH CORP. /DE/ — Director's Dealing 2012
Apr 9, 2012
31157_dirs_2012-04-09_b1bf2e9d-b2d1-42f9-b8c9-8e807831e326.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PVH CORP. /DE/ (PVH)
CIK: 0000078239
Period of Report: 2012-04-05
Reporting Person: ONNINK LUDOVICUS RUDOLPH (COO of Tommy Hilfiger)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-04-05 | Common Stock, $1 par value | A | 2136 | — | Acquired | 8764 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-04-05 | Option (Right to Buy) | $91.88 | A | 5400 | Acquired | 2022-04-05 | Common Stock, $1 par value (5400) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $1 par value | 200181 | 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% (534 shares) on the second anniversary of grant, 25% (534 shares) on the third anniversary of grant and 50% (1,068 shares) on the fourth anniversary of grant. Vested shares will are delivered as soon as practicable after they vest.
F2: Represents shares of Common Stock subject to awards of restricted stock units.
F3: Mr. Onnink indirectly beneficially owns these shares of Common Stock by virtue of interests Mr. Onnink holds in Elmira 5 B.V. The aggregate number of shares of Common Stock beneficially owned by Elmira 5 B.V. is 1,375,396 shares.
F4: 200,181 of these shares are held in escrow. 82,427 of such shares will be released on May 6, 2012 and 82,428 on May 6, 2013. The remaining 35,326 of such shares will be released on May 6, 2012, subject to forfeiture if certain vesting conditions are not met. Earlier release of shares from escrow may occur under certain circumstances.
F5: All options exercisable for shares of Issuer's Common Stock, $1 par value.
F6: Options to acquire 1,350 shares become exercisable on each of 4/5/2013, 4/5/2014, 4/5/2015 and 4/5/2016.