TAPESTRY, INC. — Director's Dealing 2011

Aug 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COACH INC (COH)
CIK: 0001116132
Period of Report: 2011-08-03

Reporting Person: STRITZKE JERRY D (Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-03	Restricted Stock Unit	$	A	9690.0000	Acquired		Common Stock (9690.0000)	Direct
2011-08-03	Stock Option	$61.9200	A	81356.0000	Acquired	2021-08-03	Common Stock (81356.0000)	Direct
2011-08-04	Restricted Stock Unit	$	A	8033.0000	Acquired		Common Stock (8033.0000)	Direct

Footnotes

F1: These securities were issued under the 2010 Stock Incentive Plan of the Issuer.

F2: This security will convert on a 1-for-1 basis into shares of the issuer's common stock.

F3: These service-based securities will vest on the third anniversary of the date of grant, based solely on the reporting person's continued employment with the issuer. Unvested units are cancelled upon termination of the reporting person's employment.

F4: These securities do not expire.

F5: These options vest in three equal installments on the first, second and third anniversaries of the date of grant.

F6: These securities were issued under the 2010 Stock Incentive Plan of the Issuer. These securities represent a portion of a performance-based restricted stock unit grant made on August 5, 2010; the number of units in this portion could not be determined until August 4, 2011, when the Company's fiscal year 2012 financial performance targets were approved by the Company's Board of Directors.

F7: Tranches of these securities will vest 33% on June 29, 2013, and the remaining 67% on June 28, 2014, based on the reporting person's continued employment with the issuer and are also contingent on the company's performance against certain financial targets. Unvested units are cancelled upon termination of the reporting person's employment.