SEC Form 4 · accession 0001530721-16-000161
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
Sep 2, 2016
Accepted (ET)
Sep 6, 2016 · 6:50 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 | Sep 2, 2016 | M | 22,754 | $20.00 | A | 40,707 | D | |
| Ordinary shares, no par value | Sep 2, 2016 | M | 3,587 | $47.10 | A | 44,294 | D | |
| Ordinary shares, no par valueF1 | Sep 2, 2016 | S | 26,341 | $50.0192 | 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)F2 | $20.00 | Sep 2, 2016 | M | 22,754 | D | — | Dec 14, 2018 | Ordinary shares, no par value | 22,754 | 0 | D |
| Employee share option (right to buy)F3 | $47.10 | Sep 2, 2016 | M | 3,587 | D | — | Jun 15, 2022 | Ordinary shares, no par value | 3,587 | 10,760 | D |
| Restricted share unitsF3,F4,F5 | $0.00 | holding | — | — | — | — | — | Ordinary shares, no par value | 6,369 | 6,369 | D |
| Employee share option (right to buy)F6 | $94.45 | holding | — | — | — | — | Jun 2, 2021 | Ordinary shares, no par value | 11,909 | 11,909 | D |
| Employee share option (right to buy)F7 | $62.24 | holding | — | — | — | — | Jun 3, 2020 | Ordinary shares, no par value | 14,036 | 14,036 | D |
Explanation of responses
- F1The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $50.00 - $50.09. Upon request of the SEC staff, the Company or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold at each separate price.
- F2Immediately exercisable.
- 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 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.
- F7Granted 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.