Sec Form 4 Filing - Galtie Philippe @ TIFFANY & CO - 2020-11-25

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Galtie Philippe
2. Issuer Name and Ticker or Trading Symbol
TIFFANY & CO [ TIF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Vice President
(Last) (First) (Middle)
TIFFANY & CO., 200 FIFTH AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
11/25/2020
(Street)
NEW YORK, NY10010
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock $.01 Par 11/25/2020 M 8,328 A $ 91.87 44,937 D
Common Stock $.01 Par 11/25/2020 M 10,021 A $ 108.99 54,958 D
Common Stock $.01 Par 11/25/2020 M 25,592 A $ 85.26 80,550 D
Common Stock $.01 Par 11/25/2020 S 38,193 D $ 131.5893 ( 1 ) 42,357 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 91.87 11/25/2020 M 8,328 ( 2 ) 07/19/2027 Common Stock $.01 Par 8,328 $ 0 0 ( 3 ) D
Employee Stock Option (Right to Buy) $ 108.99 11/25/2020 M 10,021 ( 4 ) 01/17/2028 Common Stock $.01 Par 10,021 $ 0 0 ( 5 ) D
Employee Stock Option (Right to Buy) $ 85.26 11/25/2020 M 25,592 ( 6 ) 01/17/2029 Common Stock $.01 Par 25,592 $ 0 0 ( 7 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Galtie Philippe
TIFFANY & CO.
200 FIFTH AVENUE
NEW YORK, NY10010
Executive Vice President
Signatures
/s/ Catherine W.H. So, Attorney-in-Fact 11/30/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price in Column 4 is a weighted average price. The price actually received ranged from $131.4900 to $131.6500 per share. The reporting person's broker has provided to the issuer and the issuer will provide any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. The sale represents shares sold to cover the exercise price and applicable taxes in connection with the exercise of the underlying options.
( 2 )Options granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3, on July 19, 2017. The options were originally scheduled to vest in equal installments on July 19, 2018, 2019, 2020 and 2021. 8,328 options that were initially scheduled to vest on July 19, 2021 were accelerated and vested on November 23, 2020.
( 3 )Total grant 33,312 shares. 24,984 shares previously exercised.
( 4 )Options granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3, on January 17, 2018. The options were originally scheduled to vest in equal installments on January 17, 2019, 2020, 2021 and 2022. 10,021 options that were initially scheduled to vest on January 17, 2022 were accelerated and vested on November 23, 2020.
( 5 )Total grant 40,084 shares. 30,063 shares previously exercised.
( 6 )Options granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3, on January 17, 2019. The options were originally scheduled to vest in equal installments on January 17, 2020, 2021, 2022 and 2023. 12,796 options that were initially scheduled to vest on January 17, 2022, and 12,796 options that were initially scheduled to vest on January 17, 2023, were accelerated and vested on November 23, 2020.
( 7 )Total grant 51,184 shares. 25,592 shares previously exercised.

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