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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 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 (Month/Day/Year) |
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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option (Right to Buy) (7) | $ 107.47 | 04/02/2015 | A | 7,000 | (8) | 04/02/2025 | Common Stock, $1 par value | 7,000 | $ 0 | 7,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SHIFFMAN STEVEN B C/O CALVIN KLEIN, INC. 205 WEST 39TH STREET NEW YORK, NY 10018 |
President & CEO, Calvin Klein |
Steven B. Shiffman | 04/06/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents shares subject to an award of restricted stock units. Each unit represents a contingent right to receive one share of Issuer's Common Stock. The units vest 25% (698 shares) on the second anniversary of grant, 25% (698 shares) on the third anniversary of grant and 50% (1,396 shares) on the fourth anniversary of grant. Vested shares are delivered as soon as practicable after they vest. |
(2) | Includes 8,137 shares of Common Stock subject to awards of restricted stock units. |
(3) | Represents shares received upon settlement of a performance share award. |
(4) | Represents shares withheld to satisfy the Reporting Person's tax obligations with the settlement of the performance share award described in Note (3) above. |
(5) | Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting of 307 restricted stock units. The restricted stock units were reported as directly owned shares at the time they were granted. |
(6) | Includes 7,830 shares of Common Stock subject to awards of restricted stock units. |
(7) | All options exercisable for shares of Issuer's Common Stock, $1 par value. |
(8) | Options to acquire 1,750 shares become exercisable on each of 4/2/2016, 4/2/2017, 4/2/2018 and 4/2/2019. |