SEC Form 4 · accession 0001530721-16-000112
Capri Holdings Ltd · CPRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael David Kors
Officer — Hon Chair & Chief Creative Off · Director
Period of report
Jun 15, 2016
Accepted (ET)
Jun 17, 2016 · 7:32 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 15, 2016 | M | 15,924 | $0.00 | A | 4,351,864 | D | |
| Ordinary shares, no par valueF2 | Jun 15, 2016 | F | 8,910 | $49.88 | D | 4,342,954 | D | |
| Ordinary shares, no par valueF1 | Jun 15, 2015 | M | 3,185 | $0.00 | A | 24,926 | I | Held by spouse |
| Ordinary shares, no par valueF2 | Jun 15, 2016 | F | 1,413 | $49.88 | D | 23,513 | I | Held by spouse |
| Ordinary shares, no par value | holding | — | — | — | 95,000 | I | Held by the Kors LePere Foundation |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted share unitsF3,F4,F5 | $0.00 | Jun 15, 2016 | M | 15,924 | D | — | — | Ordinary shares, no par value | 15,924 | 47,770 | D |
| Restricted share unitsF3,F4,F5 | $0.00 | Jun 15, 2016 | M | 3,185 | D | — | — | Ordinary shares, no par value | 3,185 | 9,554 | D |
| Employee share option (right to buy)F6 | $49.88 | Jun 15, 2016 | A | 14,503 | A | — | Jun 15, 2023 | Ordinary shares, no par value | 14,503 | 14,503 | D |
| Restricted share unitsF6,F4 | $0.00 | Jun 15, 2016 | A | 8,019 | A | — | — | Ordinary shares, no par value | 8,019 | 8,019 | D |
| Restricted share unitsF6,F4 | $0.00 | Jun 15, 2016 | A | 10,024 | A | — | — | Ordinary shares, no par value | 10,024 | 10,024 | I |
| Employee share option (right to buy)F3 | $47.10 | holding | — | — | — | — | Jun 15, 2022 | Ordinary shares, no par value | 107,604 | 107,604 | D |
| Employee share option (right to buy)F7 | $94.45 | holding | — | — | — | — | Jun 2, 2021 | Ordinary shares, no par value | 89,316 | 89,316 | D |
| Employee share option (right to buy)F7 | $94.45 | holding | — | — | — | — | Jun 2, 2021 | Ordinary shares, no par value | 5,104 | 5,104 | I |
| Employee share option (right to buy)F8 | $2.6316 | holding | — | — | — | — | Apr 16, 2018 | Ordinary shares, no par value | 246,590 | 246,590 | I |
| Employee share option (right to buy)F8 | $2.6316 | holding | — | — | — | — | Oct 25, 2020 | Ordinary shares, no par value | 165,765 | 165,765 | I |
| Employee share option (right to buy)F8 | $20.00 | holding | — | — | — | — | Dec 14, 2018 | Ordinary shares, no par value | 387,597 | 387,597 | D |
| Employee share option (right to buy)F8 | $20.00 | holding | — | — | — | — | Dec 14, 2018 | Ordinary share, no par value | 38,760 | 38,760 | I |
| Employee share option (right to buy)F9 | $62.24 | holding | — | — | — | — | Jun 3, 2020 | Ordinary shares, no par value | 84,219 | 84,219 | D |
| Employee share option (right to buy)F9 | $62.24 | holding | — | — | — | — | Jun 3, 2020 | Ordinary shares, no par value | 12,031 | 12,031 | I |
Explanation of responses
- F1Respresents settlement of restricted share units ("RSUs") through the issuance of one ordinary share for each vested RSU.
- F2Represents shares withheld by the Company to cover tax withholding obligations upon the vesting of RSUs.
- F3Granted on June 15, 2015 pursuant to the Michael Kors Holdings Limited Amended and Restated Omnibus Incentive Plan (the "Incentive Plan"). These securities 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.
- F4The RSUs do not expire.
- F5Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
- F6Granted on June 15, 2016 pursuant to the Incentive Plan. These securities vest 25% each year on June 15, 2017, 2018, 2019, and 2020, respectively, subject to grantee's continued employment with the Company through the vesting date.
- F7Granted on June 2, 2014 pursuant to the Incentive Plan. 50% of these share options are immediately exercisable. The remaining unvested share options will vest 50% each year on June 2, 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. 75% of these share options are immediately exercisable. The remaining unvested share options will vest on June 3, 2017, subject to grantee's continued employment with the Company through the vesting date.