A low-profile three-eyelet derby with cut-out construction in a fine, black horse leather. Features one-piece construction at the upper, a sine-curve flat toe cap, and cotton rope laces. The cutout detail references historic footwear silhouettes and complements the sleek profile by allowing pants cuffs to conceal the lace system. Completed with Blake stitch construction, a leather oustole, and a nail tacked heel with a rubber slip pad.