SEC Form 4 · accession 0001530721-16-000159
Capri Holdings Ltd · CPRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee S. Sporn
Officer — SVP Bus Affairs, GC
Period of report
Aug 30, 2016
Accepted (ET)
Sep 1, 2016 · 4:21 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 | Aug 30, 2016 | M | 4,700 | $20.00 | A | 22,653 | D | |
| Ordinary shares, no par value | Aug 30, 2016 | S | 4,700 | $50.00 | D | 17,953 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee share option (right to buy)F1 | $20.00 | Aug 30, 2016 | M | 4,700 | D | — | Dec 14, 2018 | Ordinary shares, no par value | 4,700 | 22,754 | D |
| Restricted share unitsF2,F3,F4 | $0.00 | holding | — | — | — | — | — | Ordinary shares, no par value | 6,369 | 6,369 | D |
| Employee share option (right to buy)F2 | $47.10 | holding | — | — | — | — | Jun 15, 2022 | Ordinary shares, no par value | 14,347 | 14,347 | D |
| Employee share option (right to buy)F5 | $94.45 | holding | — | — | — | — | Jun 2, 2021 | Ordinary shares, no par value | 11,909 | 11,909 | D |
| Employee share option (right to buy)F6 | $62.24 | holding | — | — | — | — | Jun 3, 2020 | Ordinary shares, no par value | 14,036 | 14,036 | D |
Explanation of responses
- F1Immediately exercisable.
- F2Granted 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.
- F3The RSUs do not expire.
- F4Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
- F5Granted 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.
- F6Granted 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.