--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
UNITED STATE
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.1)*
Tiffany & Co.
(Name of Issuer)
Common Stock, $.01 par value per share
(Title of Class of Securities)
886547108
(CUSIP Number)
Stuart I. Rosen, Esq.
General Counsel
Trian Fund Management, L.P.
280 Park Avenue, 41st Floor
New York, New York 10017
(212) 451-3000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 15, 2008
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3454182
Trian Fund Management, L.P.
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
AF
--------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 10,718,600
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 10,718,600
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
10,718,600
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[ ]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 7.90%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3454187
Trian Fund Management GP, LLC
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
AF
--------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 10,718,600
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 10,718,600
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
10,718,600
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[ ]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 7.90%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
OO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3453775
Trian Partners GP, L.P.
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
AF
--------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 10,067,240
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 10,067,240
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
10,067,240
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 7.42%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3453595
Trian Partners General Partner, LLC
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
AF
--------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 10,067,240
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 10,067,240
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
10,067,240
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 7.42%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
OO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3453988
Trian Partners, L.P.
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
WC
--------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 2,396,047
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 2,396,047
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
2,396,047
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 1.77%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 98-0468601
Trian Partners Master Fund, L.P.
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
WC
--------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Cayman Islands
--------------------------------------------------------------------------------
SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 7,671,193
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 7,671,193
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
7,671,193
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 5.66%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3694154
Trian Partners Parallel Fund I, L.P.
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
WC
--------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 211,603
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 211,603
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
211,603
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 0.16%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3694293
Trian Partners Parallel Fund I General Partner, LLC
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
AF
--------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 211,603
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 211,603
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
211,603
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 0.16%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
OO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 87-0763105
Trian Partners Parallel Fund II, L.P.
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
WC
--------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 47,637
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 47,637
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
47,637
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 0.04%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 80-0763102
Trian Partners Parallet Fund II GP, L.P.
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
AF
--------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 47,637
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 47,637
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
47,637
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 0.04%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 80-0763099
Trian Partners Parallel Fund II General Partner, LLC
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
AF
--------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 47,637
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 47,637
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
47,637
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 0.04%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
OO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nelson Peltz
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
AF
--------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 USA
--------------------------------------------------------------------------------
SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 10,718,600
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 10,718,600
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
10,718,600
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[ ]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 7.90%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter W. May
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
AF
--------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 USA
--------------------------------------------------------------------------------
SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 10,718,600
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 10,718,600
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
10,718,600
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[ ]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 7.90%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edward P. Garden
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
AF
--------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 USA
--------------------------------------------------------------------------------
SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 10,718,600
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 10,718,600
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
10,718,600
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 7.90%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
This Amendment No. 1 relates to the Schedule 13D filed with the Securities and
Exchange Commission on February 26, 2007 relating to the Common Stock, $.01 par
value per share (the "Shares"), of Tiffany & Co., a Delaware corporation (the
"Issuer"). The address of the principal executive offices of the Issuer is 727
Fifth Avenue, New York, New York 10022.
Items 3 and 5 of the Schedule 13D are hereby amended and supplemented as
follows:
Item 3. Source and Amount of Funds or Other Consideration
As of 4:00 pm, New York City time, on January 15, 2008, the aggregate purchase
price of the 10,718,600 Shares purchased by Trian Onshore, Trian Offshore,
Parallel Fund I, Parallel Fund II and the Separate Account collectively, was
$417,950,484.69 (including commissions). As set forth in Item 5, none of the
other Filing Persons directly own any Shares or options. The source of funding
for the purchase of the Shares was the respective general working capital of the
purchasers.
Item 5. Interest in Securities of the Issuer
(a) As of 4:00 pm, New York City time, on January 15, 2008, the Filing Persons
beneficially owned, in the aggregate, 10,718,600 Shares, representing
approximately 7.90% of the Issuer's outstanding Shares (based upon the
135,641,832 Shares stated by the Issuer to be outstanding as of October 31, 2007
in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended
October 31, 2007).
(b) Each of Trian Onshore, Trian Offshore, Parallel Fund I and Parallel Fund II
beneficially and directly owns and has sole voting power and sole dispositive
power with regard to 2,396,047, 7,671,193, 211,603 and 47,637 Shares,
respectively, except to the extent that other Filing Persons as described below
may be deemed to have shared voting power and shared dispositive power with
regard to such Shares. Beneficial ownership of 392,120 Shares that are directly
held in the Separate Account is further described below.
Each of Trian GP, Trian GP LLC, Trian Management, Trian Management GP, Nelson
Peltz, Peter W. May and Edward P. Garden, by virtue of their relationships to
Trian Onshore and Trian Offshore (discussed in Item 2), may be deemed to have
shared voting power and shared dispositive power with regard to, and therefore
may be deemed to beneficially own (as that term is defined in Rule 13d-3 under
the Act), the Shares (including Shares underlying the Options) that Trian
Onshore and Trian Offshore directly and beneficially own. Each of Trian GP,
Trian GP LLC, Trian Management, Trian Management GP, Nelson Peltz, Peter W. May
and Edward P. Garden disclaims beneficial ownership of such Shares for all other
purposes. Each of Parallel Fund I GP LLC, Trian Management, Trian Management GP,
Nelson Peltz, Peter W. May and Edward P. Garden, by virtue of their
relationships to Parallel Fund I (discussed in Item 2), may be deemed to have
shared voting power and shared dispositive power with regard to, and therefore
may be deemed to beneficially own (as that term is defined in Rule 13d-3 under
the Act), the Shares (including Shares underlying the Options) that Parallel
Fund I directly and beneficially owns. Each of Parallel Fund I GP LLC, Trian
Management, Trian Management GP, Nelson Peltz, Peter W. May and Edward P. Garden
disclaims beneficial ownership of such Shares for all other purposes. Each of
Parallel Fund II GP LLC, Parallel Fund II GP, Trian Management, Trian Management
GP, Nelson Peltz, Peter W. May and Edward P. Garden, by virtue of their
relationships to Parallel Fund II (discussed in Item 2), may be deemed to have
shared voting power and shared dispositive power with regard to, and therefore
may be deemed to beneficially own (as that term is defined in Rule 13d-3 under
the Act), the Shares (including Shares underlying the Options) that Parallel
Fund II directly and beneficially owns. Each of Parallel Fund II GP LLC,
Parallel Fund II GP, Trian Management, Trian Management GP, Nelson Peltz, Peter
W. May and Edward P. Garden disclaims beneficial ownership of such Shares for
all other purposes. Each of Trian Management, Trian Management GP, Nelson Peltz,
Peter W. May and Edward P. Garden, by virtue of their relationships to the
Separate Account (discussed in Item 2), may be deemed to have shared voting
power and shared dispositive power with regard to, and therefore may be deemed
to beneficially own (as that term
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
is defined in Rule 13d-3 under the Act), the Shares (including Shares underlying
the Options) that the Separate Account directly owns. Each of Trian Management,
Trian Management GP, Nelson Peltz, Peter W. May and Edward P. Garden disclaims
beneficial ownership of such Shares for all other purposes.
(c) Schedule A hereto sets forth all transactions with respect to the Shares
effected during the past sixty (60) days by any of the Filing Persons, inclusive
of the transactions effected through 4:00 pm, New York City time, on January 15,
2008.
(d) Except for the Filing Persons, and Triarc with respect to the Separate
Account, no person is known by the Filing Persons to have the right to receive
or the power to direct the receipt of dividends from, or the proceeds from the
sale of, the Shares beneficially owned by the Filing Persons.
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned knowledge
and belief, each of the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Dated: January 15, 2008
TRIAN PARTNERS GP, L.P.
By: Trian Partners General Partner, LLC, its
general partner
By: /s/ Peter W. May
-----------------------------------------
Name: Peter W. May
Title: Member
TRIAN PARTNERS GENERAL PARTNER, LLC
By: /s/ Peter W. May
-----------------------------------------
Name: Peter W. May
Title: Member
TRIAN PARTNERS. L.P.
By: Trian Partners GP, L.P., its general
partner
By: Trian Partners General Partner, LLC, its
general partner
By: /s/ Peter W. May
-----------------------------------------
Name: Peter W. May
Title: Member
TRIAN PARTNERS MASTER FUND, L.P.
By: Trian Partners GP, L.P., its general
partner
By: Trian Partners General Partner, LLC, its
general partner
By: /s/ Peter W. May
-----------------------------------------
Name: Peter W. May
Title: Member
[Signature Page of Amendment No. 1 to Schedule 13D - Tiffany & Co.]
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
TRIAN PARTNERS PARALLEL FUND I, L.P.
By: Trian Partners Parallel Fund I General
Partner, LLC, its general partner
By: /s/ Peter W. May
-----------------------------------------
Name: Peter W. May
Title: Member
TRIAN PARTNERS PARALLEL FUND I GENERAL
PARTNER, LLC
By: /s/ Peter W. May
-----------------------------------------
Name: Peter W. May
Title: Member
TRIAN PARTNERS PARALLEL FUND II, L.P.
By: Trian Partners Parallel Fund II GP, L.P.,
its general partner
By: Trian Partners Parallel Fund II General
Partner, LLC, its general partner
By: /s/ Peter W. May
-----------------------------------------
Name: Peter W. May
Title: Member
TRIAN PARTNERS PARALLEL FUND II GP, L.P.
By: Trian Partners Parallel Fund II General
Partner, LLC, its general partner
By: /s/ Peter W. May
-----------------------------------------
Name: Peter W. May
Title: Member
[Signature Page of Amendment No. 1 to Schedule 13D - Tiffany & Co.]
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 886547108
TRIAN PARTNERS PARALLEL FUND II GENERAL
PARTNER, LLC
By: /s/ Peter W. May
-----------------------------------------
Name: Peter W. May
Title: Member
TRIAN FUND MANAGEMENT, L.P.
By: Trian Fund Management GP, LLC, its
general partner
By: /s/ Peter W. May
-----------------------------------------
Name: Peter W. May
Title: Member
TRIAN FUND MANAGEMENT GP, LLC
By: /s/ Peter W. May
-----------------------------------------
Name: Peter W. May
Title: Member
/s/ Nelson Peltz
----------------------------------------------
NELSON PELTZ
/s/ Peter W. May
----------------------------------------------
PETER W. MAY
/s/ Edward P. Garden
----------------------------------------------
EDWARD P. GARDEN
[Signature Page of Amendment No. 1 to Schedule 13D - Tiffany & Co.]
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SCHEDULE 13D
CUSIP No. 886547108
Schedule A
----------
The following table sets forth all transactions with respect to the Shares
effected during the past 60 days by any of the Filing Persons, inclusive of any
transactions effected through 4:00 p.m., New York City time, on January 15,
2008. Except as otherwise noted, all such transactions were effected in the open
market, and the table includes commissions paid in per share prices.
Price Transaction
Name Date No. of Shares Per Share ($) Type
---------------- ---------- ------------- ------------- -----------
Trian Onshore 12/13/2007 100,000 45.4607 Purchase
Trian Onshore 1/11/2008 272,262 35.6718 Purchase
Trian Onshore 1/15/2008 545,340 35.1161 Purchase
Trian Offshore 1/11/2008 852,231 35.6718 Purchase
Trian Offshore 1/15/2008 1,707,017 35.1161 Purchase
Parallel Fund I 1/11/2008 24,532 35.6718 Purchase
Parallel Fund I 1/15/2008 49,139 35.1161 Purchase
Parallel Fund II 1/11/2008 5,509 35.6718 Purchase
Parallel Fund II 1/15/2008 11,034 35.1161 Purchase
Separate Account 1/11/2008 45,466 35.6718 Purchase
Separate Account 1/15/2008 91,070 35.1161 Purchase
End of Filing
--------------------------------------------------------------------------------