SEC Form 4 · accession 0001530721-16-000106
Capri Holdings Ltd · CPRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jean Tomlin
Director
Period of report
Jun 9, 2016
Accepted (ET)
Jun 10, 2016 · 4:25 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 value | Jun 9, 2016 | S | 2,975 | $50.65 | D | 2,044 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted share unitsF1,F2,F3 | $0.00 | holding | — | — | — | — | — | Ordinary shares, no par value | 3,561 | 3,561 | D |
Explanation of responses
- F1Granted pursuant to the Michael Kors Holdings Limited Amended and Restated Omnibus Incentive Plan (the "Incentive Plan"). The restricted share units ("RSUs") vest on the earliest of: (1) the one year anniversary of the date of grant (July 30, 2016), or (2) the Company's annual shareholder meeting that occurs in the calendar year following the date of grant, and will be settled upon vesting unless the reporting person elects to defer settlement to a later date. If the reporting person's service with the Company terminates prior to the first anniversary of the date of grant, the RSUs will vest pro-rata based on the number of days from the date of grant through and including the date of the reporting person's termination of service. The RSUs will also vest in full in the event of the reporting person's death or disability.
- F2The RSUs do not expire.
- F3Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.