SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* SADLER CAROLE P (Last) (First) (Middle) 516 WEST 34TH STREET 12TH FLOOR (Street) NEW YORK NY 10001 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol COACH INC [ COH ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) SVP, General Counsel
	3. Date of Earliest Transaction (Month/Day/Year) 11/07/2003
	4. If Amendment, Date of Original Filed (Month/Day/Year)	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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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	11/07/2003		M/K		66,664	A	$4	131,104	D
Common Stock(1)	11/07/2003		F/K		7,346	D	$36.2991	123,758	D
Common Stock(2)	11/07/2003		F/K		22,557	D	$36.2991	101,201	D
Common Stock	11/07/2003		M/K		40,000	A	$9.0975	141,201	D
Common Stock(1)	11/07/2003		F/K		10,025	D	$36.2991	131,176	D
Common Stock(2)	11/07/2003		F/K		11,399	D	$36.2991	119,777	D
Common Stock	11/07/2003		M/K		25,658	A	$22.6226	145,435	D
Common Stock(1)	11/07/2003		F/K		15,990	D	$36.2991	129,445	D
Common Stock(2)	11/07/2003		F/K		3,677	D	$36.2991	125,768	D
Common Stock	11/07/2003		M/K		1,092	A	$15.9018	126,860	D
Common Stock(1)	11/07/2003		F/K		478	D	$36.2991	126,382	D
Common Stock(2)	11/07/2003		F/K		234	D	$36.2991	126,148(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$4	11/07/2003		D/K			66,664	08/08/1988(4)	10/04/2010	Common Stock	66,664	$0	0.00	D
Stock Option	$9.0975	11/07/2003		D/K			40,000	08/08/1988(4)	08/09/2011	Common Stock	40,000	$0	40,000	D
Stock Option	$22.6226	11/07/2003		D			25,658	08/08/1988(4)	08/09/2011	Common Stock	25,658	$0	0.00	D
Stock Option	$15.9018	11/07/2003		D/K			1,092	08/08/1988(4)	08/26/2009	Common Stock	1,092	$0	0.00	D

Explanation of Responses:

1. These shares were withheld to pay for the cost of the exercise of the derivative securities.

2. These shares were sold to pay for the taxes in connection with the exercise of the derivative securities.

3. All share amounts on this form reflect a 2-for-1 split of the Company's stock on October 1, 2003.

4. These options are fully vested.

Remarks:

	Daniel J. Ross, Assistant Secretary, pursuant to a power of	11/11/2003
	** 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 4 (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.