Statement of Changes in Beneficial Ownership (4)
2017年7月14日 - 6:20AM
Edgar (US Regulatory)
FORM 4
[
X
]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
MICHNO TIMOTHY F
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2. Issuer Name
and
Ticker or Trading Symbol
Kate Spade & Co
[
KATE
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
SVP, Gen. Counsel & Secretary
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(Last)
(First)
(Middle)
C/O KATE SPADE & COMPANY, 2 PARK AVENUE
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3. Date of Earliest Transaction
(MM/DD/YYYY)
7/11/2017
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(Street)
NEW YORK, NY 10016
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Restricted Stock Units
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(1)
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7/11/2017
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D
(2)
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7685
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(3)
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(3)
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Common stock, par value $1 per share
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7685
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(2)
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0
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D
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Restricted Stock Units
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(1)
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7/11/2017
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D
(2)
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6843
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(4)
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(4)
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Common stock, par value $1 per share
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6843
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(2)
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0
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D
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Restricted Stock Units
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(1)
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7/11/2017
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D
(2)
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7500
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(5)
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(5)
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Common stock, par value $1 per share
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7500
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(2)
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0
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D
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Performance Share Units
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(6)
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7/11/2017
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D
(7)
(8)
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10265
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(6)
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(6)
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Common stock, par value $1 per share
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10265
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(7)
(8)
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0
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D
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Performance Share Units
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(6)
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7/11/2017
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A
(9)
(10)
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7685
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(6)
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(6)
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Common stock, par value $1 per share
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7685
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(9)
(10)
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7685
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D
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Performance Share Units
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(6)
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7/11/2017
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D
(9)
(10)
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7685
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(6)
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(6)
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Common stock, par value $1 per share
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7685
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(9)
(10)
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0
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D
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Explanation of Responses:
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(1)
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Each restricted stock unit represented a contingent right to receive one Share.
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(2)
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Pursuant to the terms of the Letter Agreement, each of these restricted stock units was cancelled and converted into a right to receive an amount in cash equal to $18.50 for each Share underlying each such restricted stock unit (the aggregate amount, the "RSU Payment"). The RSU Payment will generally be payable in substantially equal installments with each such installment paid on the date that the restricted stock units corresponding to such installment would have otherwise vested in accordance with the terms of the award; provided, however that the RSU Payment will be payable in full no later than 30 days following the applicable termination date in the event that the Reporting Person's employment is terminated without cause or the Reporting Person resigns for good reason during the "waived good reason period," or if the Reporting Person's employment terminates on the "deemed good reason date," in each case, as provided in the Letter Agreement.
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(3)
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This award provided for vesting in two equal installments on March 1, 2019 and March 1, 2020.
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(4)
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This award provided for vesting in two equal installments on March 3, 2018 and March 3, 2019.
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(5)
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This award provided for vesting in two equal installments on November 2, 2017 and November 2, 2018.
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(6)
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Each Performance Share Unit ("PSU") represents the right to receive one Share based on certain vesting conditions.
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(7)
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Pursuant to the Letter Agreement, each of these PSUs was cancelled and converted into a right to receive an amount in cash equal to $18.50 for each Share underlying each such PSUs (assuming that for this purpose that performance in respect of all such outstanding PSUs was achieved at a level that resulted in a payout of 100% of the target award) (the aggregate amount, the "PSU Payment"). The PSU Payment will generally be payable after December 29, 2018, the date representing the end of the applicable performance period, after which the PSUs would have otherwise vested in accordance with the terms of the award; provided, however that the PSU Payment will be payable in full no later than 30 days following the applicable termination date in the event that the Reporting Person's employment is terminated without cause or the Reporting Person resigns for good reason during the "waived good reason period," or if the Reporting Person's employment terminates (cont'd in FN 8)
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(8)
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(cont'd from FN 7) on the "deemed good reason date," in each case, as provided in the Letter Agreement.
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(9)
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Pursuant to the Letter Agreement, each of these PSUs was cancelled and converted into a right to receive an amount in cash equal to $18.50 for each Share underlying each such PSUs (assuming that for this purpose that performance in respect of all such outstanding PSUs was achieved at a level that resulted in a payout of 100% of the target award) (the aggregate amount, the "PSU Payment"). The PSU Payment will generally be payable after December 28, 2019, the date representing the end of the applicable performance period, after which the PSUs would have otherwise vested in accordance with the terms of the award; provided, however that the PSU Payment will be payable in full no later than 30 days following the applicable termination date in the event that the Reporting Person's employment is terminated without cause or the Reporting Person resigns for good reason during the "waived good reason period," or if the Reporting Person's employment terminates (cont'd in FN 10)
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(10)
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(cont'd from FN 9) on the "deemed good reason date," in each case, as provided in the Letter Agreement.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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MICHNO TIMOTHY F
C/O KATE SPADE & COMPANY
2 PARK AVENUE
NEW YORK, NY 10016
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SVP, Gen. Counsel & Secretary
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Signatures
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Robert A. Karpf, as Attorney-In-Fact
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7/13/2017
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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.
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