SEC Form 4 · accession 0000950142-16-003875
Capri Holdings Ltd · CPRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Lee S. Sporn
Officer — SVP Bus Affairs, GC
Period of report
Jun 1, 2016
Accepted (ET)
Jun 3, 2016 · 6:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001530721
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary shares, no par valueF1 | Jun 1, 2016 | M | 7,230 | — | A | 20,556 | D | |
| Ordinary shares, no par valueF2 | Jun 1, 2016 | F | 2,926 | $45.55 | D | 17,630 | D | |
| Ordinary shares, no par valueF3 | Jun 2, 2016 | F | 375 | $47.51 | D | 17,255 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-based restricted share unitsF1 | $0.00 | Jun 1, 2016 | M | 4,820 | D | — | — | Ordinary shares, no par value | 7,230 | 0 | D |
| Employee share option (right to buy)F4 | $47.10 | holding | — | — | — | — | Jun 15, 2022 | Ordinary shares, no par value | 14,347 | 14,347 | D |
| Restricted share unitF4,F5,F6 | $0.00 | holding | — | — | — | — | — | Ordinary shares, no par value | 8,493 | 8,493 | D |
| Employee share option (right to buy)F7 | $94.45 | holding | — | — | — | — | Jun 2, 2021 | Ordinary shares, no par value | 11,909 | 11,909 | D |
| Employee share option (right to buy)F8 | $5.00 | holding | — | — | — | — | Mar 25, 2021 | Ordinary shares, no par value | 76,000 | 76,000 | D |
| Employee share option (right to buy)F8 | $20.00 | holding | — | — | — | — | Dec 14, 2018 | Ordinary shares, no par value | 27,454 | 27,454 | D |
| Employee share option (right to buy)F9 | $62.24 | holding | — | — | — | — | Jun 3, 2020 | Ordinary shares, no par value | 14,036 | 14,036 | D |
Explanation of responses
- F1Represents performance-based restricted share units ("PSRUs") granted to the reporting person on June 3, 2013. The PSRUs vested on June 1, 2016 upon achievement of a pre-established cumulative net earnings goal for the applicable period resulting in the reporting person earning 150% of the shares originally subject to the award.
- F2Represents shares withheld by the Company to cover tax withholding obligations upon the vesting of the PSRUs.
- F3Represents shares withheld by the Company to cover tax withholding obligations upon the vesting of restricted shares.
- F4Granted on June 15, 2015 pursuant to the Michael Kors Holdings Limited Omnibus Incentive Plan (the "Incentive Plan"). These securities will vest 25% each year on June 15, 2016, 2017, 2018, and 2019, respectively, subject to grantee's continued employment with the Company through the vesting date.
- F5The RSUs do not expire.
- F6Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
- F7Granted on June 2, 2014 pursuant to the Incentive Plan. 25% of these share options are immediately exercisable. The remaining unvested share options will vest 25% each year on June 2, 2016, 2017 and 2018, respectively, subject to grantee's continued employment with the Company through the vesting date.
- F8Immediately exercisable.
- F9Granted on June 3, 2013 pursuant to the Incentive Plan. 50% of these share options are immediately exercisable. The remaining unvested share options will vest 25% each year on June 3, 2016 and 2017, respectively, subject to grantee's continued employment with the Company through the vesting date.