FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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
                      

1. Name and Address of Reporting Person *

Koback-Pursel Gretchen
2. Issuer Name and Ticker or Trading Symbol

TIFFANY & CO [ TIF ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Senior Vice President
(Last)          (First)          (Middle)

TIFFANY & CO., 200 FIFTH AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

12/30/2019
(Street)

NEW YORK, NY 10010
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock $.01 Par 12/30/2019  M  6342 A$108.99 11659 D  
Common Stock $.01 Par 12/30/2019  M  5400 A$85.26 17059 D  
Common Stock $.01 Par 12/30/2019  S  10310 D$133.6761 (1)6749 D  
Common Stock $.01 Par         848 I By 401(K) 
Common Stock $.01 Par         435 I By ESOP 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (Right to Buy) $108.99 12/30/2019  M     6342   (2)1/17/2028 Common Stock $.01 Par 6342.0 $0 2114 (3)D  
Employee Stock Option (Right to Buy) $85.26 12/30/2019  M     5400   (4)1/17/2029 Common Stock $.01 Par 5400.0 $0 5400 (5)D  

Explanation of Responses:
(1) The price in Column 4 is a weighted average price. The price actually received ranged from $133.6050 to $133.7600 per share. The reporting person's broker has provided to the issuer and the issuer will provide any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. The proceeds of the sale were applied to pay the exercise price, applicable taxes and commissions in connection with the exercise of the underlying options.
(2) Options granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3, on January 17, 2018. The options were originally scheduled to vest in equal installments on January 17, 2019, 2020, 2021 and 2022. 2,114 options that were initially scheduled to vest on January 17, 2020, and 2,114 options that were initially scheduled to vest on January 17, 2021, were accelerated and vested on December 17, 2019. The remaining 2,114 options subject to this grant are scheduled to vest on the original vesting date of January 17, 2022.
(3) Total grant 8,456 shares. 0 shares previously exercised.
(4) Options granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3, on January 17, 2019. The options were originally scheduled to vest in equal installments on January 17, 2020, 2021, 2022 and 2023. 2,700 options that were initially scheduled to vest on January 17, 2020, and 2,700 options that were initially scheduled to vest on January 17, 2021, were accelerated and vested on December 17, 2019. The remaining 5,400 options subject to this grant are scheduled to vest in equal installments on the original vesting dates of January 17, 2022 and 2023.
(5) Total grant 10,800 shares. 0 shares previously exercised.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Koback-Pursel Gretchen
TIFFANY & CO.
200 FIFTH AVENUE
NEW YORK, NY 10010


Senior Vice President

Signatures
/s/ Catherine W.H. So, Attorney-in-Fact1/2/2020
**Signature of Reporting PersonDate

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