Filing Details
- Accession Number:
- 0001209191-16-126623
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-06-08 17:39:13
- Reporting Period:
- 2016-06-06
- Filing Date:
- 2016-06-08
- Accepted Time:
- 2016-06-08 17:39:13
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
98246 | Tiffany & Co | TIF | Retail-Jewelry Stores (5944) | 133228013 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
928264 | W Peter May | C/O Trian Fund Management, L.p. 280 Park Avenue, 41St Floor New York NY 10017 | Yes | No | No | No | |
1345471 | Trian Fund Management, L.p. | 280 Park Avenue, 41St Floor New York NY 10017 | Yes | No | No | Yes |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2016-06-06 | 14,260 | $63.01 | 0 | No | 4 | S | Indirect | Please see explanation below |
Common Stock | Acquisiton | 2016-06-06 | 7,000 | $63.01 | 8,269 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Indirect | Please see explanation below |
No | 4 | P | Direct |
Footnotes
- In connection with his service on the Board of the Issuer, Mr. May received 848 shares from the Issuer that were transferred to Trian Management (as defined below), for no consideration, pursuant to an agreement, dated as of May 15, 2008, between Mr. May and Trian Management relating to fees paid to Mr. May in connection with his service on the Board of the Issuer.
- Trian Fund Management, L.P ("Trian Management") serves as the management company for Trian Partners, L.P. ("Trian Onshore"), Trian Partners Master Fund, L.P. ("Trian Offshore") and Trian Partners Parallel Fund I, L.P. ("Parallel Fund I" and collectively, the "Trian Entities"), and as such determines the investment and voting decisions of the Trian Entities with respect to the shares of the Issuer held by them. Mr. May is a member of Trian Fund Management GP, LLC, which is the general partner of Trian Management, and therefore is in a position to determine the investment and voting decisions made by Trian Management on its own behalf and on behalf of the Trian Entities.
- (FN 2, contd.) Accordingly, Mr. May may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the shares beneficially owned by Trian Management and the Trian Entities. The Reporting Persons disclaim beneficial ownership of such shares except to the extent of their respective pecuniary interests therein and this report shall not be deemed an admission that the Reporting Persons are the beneficial owner of such securities for purposes of Section 16 or for any other purpose. As a result of the sale of shares reported herein, Trian Management and the Trian Entities no longer hold any shares of the Issuer and as such, Trian Management will no longer be a Reporting Person on any Section 16 filings made by Mr. May with respect to the Issuer.
- In addition to the shares purchased by Mr. May reported herein, on June 6, 2016 The Leni and Peter May Family Foundation, a Section 501(c)(3) foundation in which neither Mr. May nor Trian Management or the Trian Entities has a pecuniary interest, acquired 7,260 shares of the Issuer at a price of $63.01 per share.