FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 06/11/2007 |
3. Issuer Name and Ticker or Trading Symbol
JONES APPAREL GROUP INC [ JNY ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 1,667(1) | D | |
Common Stock | 3,000(2) | D | |
Common Stock | 8,000(3) | D | |
Common Stock | 18,000(4) | D | |
Common Stock | 10,000(5) | D | |
Common Stock | 15,000(6) | D | |
Common Stock | 1,332 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (right to buy) | (7) | 08/20/2011 | Common Stock | 50,000 | $33 | D | |
Employee Stock Option (right to buy) | (8) | 12/03/2011 | Common Stock | 15,198 | $31.26 | D | |
Employee Stock Option (right to buy) | (9) | 12/12/2010 | Common Stock | 10,000 | $33.36 | D |
Explanation of Responses: |
1. This amount reflects restricted stock granted to the reporting person, pursuant to the terms of the Jones Apparel Group, Inc. 1999 Stock Incentive Plan. Vesting restrictions lapse on December 9, 2007. |
2. This amount reflects restricted stock granted to the reporting person, pursuant to the terms of the Jones Apparel Group, Inc. 1999 Stock Incentive Plan. Vesting restrictions lapse as to 1,000 shares on August 3, 2007, 1,000 shares on May 27, 2008 and 1,000 shares on May 27, 2009. |
3. This amount reflects restricted stock granted to the reporting person, pursuant to the terms of the Jones Apparel Group, Inc. 1999 Stock Incentive Plan. Vesting restrictions lapse on the second business day immediately following the Company's public announcement of fourth quarter financial results for the year 2007. |
4. This amount reflects restricted stock granted to the reporting person, pursuant to the terms of the Jones Apparel Group, Inc. 1999 Stock Incentive Plan. Vesting restrictions lapse on the second business day immediately following the Company's public announcement of fourth quarter financial results for the year 2008. |
5. This amount reflects restricted stock granted to the reporting person, pursuant to the terms of the Jones Apparel Group, Inc. 1999 Stock Incentive Plan. Vesting restrictions lapse on the second business day immediately following the Company's public announcement of fourth quarter financial results for the year 2009. |
6. This amount reflects restricted stock granted to the reporting person, pursuant to the terms of the Jones Apparel Group, Inc. 1999 Stock Incentive Plan. Vesting restrictions lapse on the second business day immediately following the Company's public announcement of fourth quarter financial results for the year 2009, provided that the Company achieves certain performance targets. |
7. This option vested cumulatively as follows: 10,000 on 12/31/01; 20,000 on 6/30/02; 30,000 on 12/31/02; 40,000 on 6/30/03; and 50,000 on 12/31/03. |
8. This option vested cumulatively as follows: 3,198 on 12/3/2003; 7,198 on 12/3/2004; 11,198 on 12/3/2005; and 15,198 on 12/3/2006. |
9. This option vests in five equal annual installments beginning on December 12, 2004. |
Remarks: |
/s/Andrew M. Cohen | 06/18/2007 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |