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TAPESTRY, INC. — Director's Dealing 2013
Mar 6, 2013
30268_dirs_2013-03-06_09bfddd6-b153-4a62-9121-ce075925a672.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COACH INC (COH)
CIK: 0001116132
Period of Report: 2013-03-04
Reporting Person: Luis Victor (Director, President and CCO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-03-04 | Restricted Stock Unit | $ | A | 507305.0000 | Acquired | Common Stock (507305.0000) | Direct |
Footnotes
F1: These securities were issued under the 2010 Stock Incentive Plan of the Issuer. These securities represent a performance restricted stock unit ("PRSU") award based on total return outperformance relative to the Standard & Poor's 500 Index over a multi-year period of up to a maximum grant valued at $25 million on March 4, 2013, the date of grant.
F2: These securities will convert on a 1-for-1 basis into shares of the issuer's common stock.
F3: The shares of common stock under this PRSU award will be earned and distributed based on performance criteria which compare the Company's total stockholder return over the performance period, to the total stockholder return of the companies included in the Standard & Poor's 500 Index on the date of grant (excluding Coach, Inc.).
F4: These securities will vest in full as of the fifth anniversary of grant, with opportunities to vest 1/5th as of the third anniversary and 1/5th as of the fourth anniversary of grant, depending in each case on performance, and subject to Mr. Luis' employment as Chief Executive Officer of the Company on each vesting date.
F5: These securities do not expire.