-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GvUTfYKax4QbSMfwA2z1D2/eHmej8F0paCbRdbgJR3qAeRTfdujItFXXCRkHQ+3I SVOHwWD3owXFnpfLPClImQ== 0001157523-06-002714.txt : 20060315 0001157523-06-002714.hdr.sgml : 20060315 20060315171153 ACCESSION NUMBER: 0001157523-06-002714 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060314 ITEM INFORMATION: Other Events FILED AS OF DATE: 20060315 DATE AS OF CHANGE: 20060315 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COACH INC CENTRAL INDEX KEY: 0001116132 STANDARD INDUSTRIAL CLASSIFICATION: LEATHER & LEATHER PRODUCTS [3100] IRS NUMBER: 522242751 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16153 FILM NUMBER: 06689022 BUSINESS ADDRESS: STREET 1: 516 WEST 34TH ST CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 2125941850 MAIL ADDRESS: STREET 1: 516 WEST 34TH ST CITY: NEW YORK STATE: NY ZIP: 10001 8-K 1 a5103424.txt COACH, INC. 8-K Correspondence Document March 15, 2006 VIA EDGAR - --------- Securities and Exchange Commission Attention: Filing Desk 450 Fifth Street, N.W. Washington, D.C. 20549 Re: Report on Form 8-K of Coach, Inc. --------------------------------- Ladies/Gentlemen: Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, we are filing by EDGAR a Current Report on Form 8-K of Coach, Inc. (the "Company") including exhibits. Thank you for your assistance in this matter. If you should have any questions on the foregoing, please call the undersigned at (212) 615-2002. Very truly yours, /s/ Daniel J. Ross Attachments SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 14, 2006 Coach, Inc. ------------------- (Exact name of registrant as specified in its charter) Maryland 1-16153 52-2242751 -------------- --------- ------------ (State of (Commission File Number) (IRS Employer Incorporation) Identification No.) 516 West 34th Street, New York, NY 10001 ------------------------------------------------- (Address of principal executive offices) (Zip Code) (212) 594-1850 ---------------------- (Registrant's telephone number, including area code) Item 8.01. Other Events. ------------ Rule 10b5-1 Trading Plan ------------------------ On March 14, 2006, Lew Frankfort, the Chairman and Chief Executive Officer of Coach, Inc., entered into a trading plan with Goldman, Sachs & Co. Pursuant to this plan, Goldman, Sachs will undertake to sell approximately 250,000 of Mr. Frankfort's shares of Coach common stock at specified intervals. This trading plan is intended to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and complies with Coach's insider trading policy. Under the trading plan, Mr. Frankfort will sell pre-determined numbers of these shares at market prices between May and August 2006. These sales will be timed to follow Coach's regular earnings announcements for the third and fourth quarters of Coach's fiscal year 2006 (ending on April 1 and July 1, 2006, respectively), subject to certain minimum prices, reflecting Mr. Frankfort's continued confidence in the Company's outlook. The trading plan expires on September 5, 2006 unless terminated earlier under certain conditions. The shares to be sold by Mr. Frankfort under the trading plan will be acquired pursuant to exercises of options to purchase a total of approximately 747,000 shares of Coach common stock beginning on or about March 15, 2006. Net of shares sold to pay the purchase price and taxes for these exercises, Mr. Frankfort will receive approximately 310,000 shares of stock. Figures in this paragraph are based on a price of $37.00 per share, the closing price of Coach common stock on the New York Stock Exchange on March 14, 2006, rounded to the nearest dollar. The purpose of Mr. Frankfort's trading plan is to diversify a portion of his assets in an orderly manner, while still maintaining his outright Coach stock ownership over time through option exercises. Following Mr. Frankfort's exercise and the sales of shares under the new trading plan, as well as the sales of an additional 432,000 shares remaining to be sold under a trading plan adopted in December 2005, Mr. Frankfort expects his ownership level to remain at approximately 3.5 million shares, further reflecting his positive outlook for the company's prospects. In addition, Mr. Frankfort continues to hold: o options to purchase approximately 6.5 million shares of Coach common stock (following the exercises described above); and o approximately 294,000 restricted stock units. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: March 15, 2006 COACH, INC. By: /s/ Carole P. Sadler ------------------------------ Carole P. Sadler Senior Vice President, General Counsel and Secretary -----END PRIVACY-ENHANCED MESSAGE-----