UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
 
KONTOOR BRANDS, INC.
  
 
(Name of Issuer)
  
     
 
COMMON STOCK
  
 
(Title of Class of Securities)
  
     
 
50050N103
  
 
(CUSIP Number)
  
     
 
December 31, 2020
  
(Date of Event Which Requires Filing of this Statement)
     
     
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
|  |   Rule 13d-1(b)
|X|   Rule 13d-1(c)
|  |   Rule 13d-1(d)
*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 the disclosures provided in a prior cover page.
The information required in 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).

CUSIP No.  50050N103
13G
Page 2 of 5 Pages
 
1.   Name of Reporting Persons / I.R.S. Identification No. of Above Persons (Entities Only)

Todd Barbey
 
2.   Check the Appropriate Box if a Member of a Group (See Instructions)
(a)  [  ]
(b)  [X]
 
3.   SEC Use Only
 
4.   Citizenship or Place of Organization

USA
    
Number of
5.
Sole Voting Power
     
Shares
  
274
     
Beneficially
6.
Shared Voting Power
     
Owned by
  
3,597,446 *Mr. Barbey is co-trustee with The Northern Trust Company of Delaware with respect to these shares.
     
Each
7.
Sole Dispositive Power
     
Reporting
  
274
     
Person
8.
Shared Dispositive Power
     
with
  
3,597,446 *Mr. Barbey is co-trustee with The Northern Trust Company of Delaware with respect to these shares.
 
9.   Aggregate Amount Beneficially Owned by Each Reporting Person

3,597,720
10.  Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  (See Instructions)
[  ]
 
11.  Percent of Class Represented by Amount in Row (9)
(See Instructions)
 
6.3%*
12.  Type of Reporting Person (See Instructions)

IN
 

CUSIP No.  50050N103
13G
Page 3 of 5 Pages
 

 
Item 1(a).  Name of Issuer:

Kontoor Brands, Inc.
 
Item 1(b).  Address of Issuer's Principal Executive Offices:

400 N. Elm Street
Greensboro, North Carolina 27401
 
Item 2(a).  Name of Person Filing:
          (b)   Address of Principal Business Office:
          (c)   Citizenship:
 
Todd Barbey
555 Rivergate Lane, Suite B1-105
Durango, CO 81301
USA
 
Item 2(d).  Title of Class of Securities:

Common Stock
 
Item 2(e).  CUSIP Number:

50050N103
 
Item 3.  If this statement is filed pursuant to ss.240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

(a)
|  |
Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78o).
     
(b)
|  |
Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c).
     
(c)
|  |
Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c).
     
(d)
|  |
Investment company registered under Section 8 of the Investment Company Act (15 U.S.C. 80a-8).
     
(e)
|  |
An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E).
     
(f)
|  |
An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F).
 
(g)
|  |
A parent holding company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G).

CUSIP No.  50050N103
13G
   Page 4 of 5 Pages

(h)
|  |
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813).
     
(i)
|  |
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
     
(j)
|  |
Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
     
Item 4.  Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)   Amount beneficially owned:
3,597,720
   
(b)   Percent of class:
6.3%
   
(c)   Number of shares as to which such person has:
  
   
(i)   Sole power to vote or to direct the vote:
274
   
(ii)  Shared power to vote or to direct the vote:
3,597,446*
   
(iii) Sole power to dispose or to direct the disposition of:
274
   
(iv) Shared power to dispose or to direct the disposition of:
3,597,446*
   
* Mr. Barbey is co-trustee with The Northern Trust Company of Delaware with respect to these shares.

Of the total shares of common stock reported herein, 3,597,720 shares (6.3%) are held in trusts for which Todd Barbey and The Northern Trust Company of Delaware serve as co-trustees and are deemed to share voting and dispositive power with respect to those shares.  Taken separately, none of such trusts beneficially own 5% or more of the common stock.

Of the total shares of common stock reported herein, 274 shares are held by Todd Barbey, as sole trustee.

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following |  |.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.


CUSIP No.  50050N103
13G
Page 5 of 5 Pages

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.


Item 8. Identification and Classification of Members of the Group.


Item 9. Notice of Dissolution of Group


Item 10.  Certification.


By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 16, 2021
  
 
By:
/s/ Todd Barbey
   
Name:  Todd Barbey