SEC Form 4 · accession 0001530721-16-000165
Capri Holdings Ltd · CPRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pascale Meyran
Officer — SVP, Chief HR Officer
Period of report
Jun 15, 2016
Accepted (ET)
Oct 4, 2016 · 7:50 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 valueF1 | Jun 15, 2016 | M | 1,487 | $0.00 | A | 8,090 | D | |
| Ordinary shares, no par valueF2 | Jun 15, 2016 | F | 660 | $49.88 | D | 7,430 | D | |
| Ordinary shares, no par valueF3 | Jun 16, 2016 | S | 1,109 | $48.9524 | D | 6,321 | D | |
| Ordinary shares, no par value | Jun 17, 2016 | S | 827 | $49.6497 | D | 5,494 | D | |
| Ordinary shares, no par valueF2 | Oct 1, 2016 | F | 813 | $46.44 | D | 4,681 | 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 unitsF4,F5,F6 | $0.00 | Jun 15, 2016 | M | 1,487 | D | — | — | Ordinary shares, no par value | 1,487 | 4,458 | D |
| Employee share option (right to buy)F7 | $49.88 | Jun 15, 2016 | A | 7,252 | A | — | Jun 15, 2023 | Ordinary shares, no par value | 7,252 | 7,252 | D |
| Restricted share unitsF7,F5,F6 | $0.00 | Jun 15, 2016 | A | 4,010 | A | — | — | Ordinary shares, no par value | 4,010 | 4,010 | D |
| Employee share options (right to buy)F4 | $47.10 | holding | — | — | — | — | Jun 15, 2022 | Ordinary shares, no par value | 10,043 | 10,043 | D |
| Employee share options (right to buy)F8 | $71.66 | holding | — | — | — | — | Oct 1, 2021 | Ordinary shares, no par value | 23,638 | 23,638 | D |
Explanation of responses
- F1Represents 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 or restricted shares, as applicable.
- F3The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $48.9501 - $48.957. 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.
- F4Granted 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.
- 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 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.
- F8Granted on October 1, 2014 pursuant to the Incentive Plan. 25% of these securities vest annually on each of October 1, 2015, 2016, 2017 and 2018, respectively, subject to grantee's continued employment with the Company through the vesting date.