Other Events.

In connection with the appointment of Mark J. Erceg as Registrant’s executive vice president and chief financial officer, effective October 18, 2016, the Compensation Committee of the Registrant’s Board of Directors made the following equity grants to him on November 16, 2016, each under the 2014 Tiffany & Co. Employee Incentive Plan, as amended and restated: (i) a special one-time grant of tranche-vesting restricted stock units, with a grant date fair value of $2,000,000, scheduled to vest ratably over three years, on each anniversary date of the grant; and (ii) a special one-time grant of stock options with a grant date fair value of $2,000,000, scheduled to vest ratably over three years, on each anniversary date of the grant.

About TIFFANY & CO. (NYSE:TIF)

Tiffany & Co. is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. The Americas segment includes sale in Company-operated TIFFANY & CO. stores in the United States, Canada and Latin America. The Asia-Pacific segment includes over 80 Company-operated TIFFANY & CO. stores in China, Korea, Hong Kong, Taiwan, Australia, Singapore, Macau, Malaysia and Thailand. The Japan segment includes approximately 60 Company-operated TIFFANY & CO. stores. The retail sales in Europe are transacted in over 40 Company-operated TIFFANY & CO. stores. The Other segment includes retail sales and wholesale distribution; wholesale sales of diamonds, and licensing agreements.

TIFFANY & CO. (NYSE:TIF) Recent Trading Information

TIFFANY & CO. (NYSE:TIF) closed its last trading session up +0.12 at 76.88 with 934,628 shares trading hands.