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: TUCCI MICHAEL D (President, N. America Retail)

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	48201.0000	Acquired		Common Stock (48201.0000)	Direct
2011-08-04	Restricted Stock Unit	$	A	36150.0000	Acquired		Common Stock (36150.0000)	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 will vest 15% on each of June 28, 2014 and June 27, 2015, and the remaining 70% of the RSUs shall become vested on July 2, 2016, based solely on his continued employment with the Issuer. Unvested units are cancelled upon termination of the reporting person's employment.

F7: These securities were issued under the 2010 Stock Incentive Plan of the Issuer. These securities represent approximately 50% of a total grant expected fair market value of $4.2 million, assuming performance of the Company against specified performance goals (determined by the Human Resources Committee of Coach's Board of Directors) at Target levels. The number of units representing the remaining portions of the expected fair market value of the grant will be fixed at the beginning of performance period of fiscal year 2013. The actual award value may range from 0-133% of the Target value, depending on the Company's level of the achievement of certain pre-set performance measures and goals over the stated periods.

F8: These securities will vest 50% on each of June 28, 2014 and June 27, 2015, based on his continued employment with the Issuer and the Issuer's achievement of specified performance goals referred to in footnote 7. Unvested units are cancelled upon termination of the reporting person's employment.