SEC Form 4 · accession 0001530721-17-000026
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 2, 2017
Accepted (ET)
Jun 6, 2017 · 6:38 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 2, 2017 | M | 20,558 | — | A | 4,332,712 | D | |
| Ordinary shares, no par valueF2 | Jun 2, 2017 | F | 11,212 | $33.05 | D | 4,321,500 | D | |
| Ordinary shares, no par valueF2 | Jun 2, 2017 | F | 3,082 | $33.05 | D | 4,318,418 | D | |
| Ordinary shares, no par valueF2 | Jun 3, 2017 | F | 4,720 | $34.49 | D | 4,313,698 | D | |
| Ordinary shares, no par valueF2 | Jun 2, 2017 | F | 529 | $33.05 | D | 22,984 | I | Held by spouse |
| Ordinary shares, no par valueF2 | Jun 3, 2017 | F | 535 | $34.49 | D | 22,449 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-based restricted share unitsF3 | $0.00 | Jun 2, 2017 | M | 20,558 | D | — | — | Ordinary shares, no par value | 20,558 | 0 | D |
| Employee share option (right to buy)F4 | $49.88 | holding | — | — | — | — | Jun 15, 2023 | Ordinary shares, no par value | 14,503 | 14,503 | D |
| Restricted share unitsF4,F5,F6 | $0.00 | holding | — | — | — | — | — | Ordinary shares, no par value | 8,019 | 8,019 | D |
| Restricted share unitsF4,F5,F6 | $0.00 | holding | — | — | — | — | — | Ordinary shares, no par value | 10,024 | 10,024 | I |
| Employee share option (right to buy)F7 | $47.10 | holding | — | — | — | — | Jun 15, 2022 | Ordinary shares, no par value | 107,604 | 107,604 | D |
| Employee share option (right to buy)F8 | $94.45 | holding | — | — | — | — | Jun 2, 2021 | Ordinary shares, no par value | 89,316 | 89,316 | D |
| Employee share option (right to buy)F8 | $94.45 | holding | — | — | — | — | Jun 2, 2021 | Ordinary shares, no par value | 5,104 | 5,104 | I |
| Employee share option (right to buy)F9 | $2.6316 | holding | — | — | — | — | Apr 16, 2018 | Ordinary shares, no par value | 246,590 | 246,590 | I |
| Employee share option (right to buy)F9 | $2.6316 | holding | — | — | — | — | Oct 25, 2020 | Ordinary shares, no par value | 165,765 | 165,765 | I |
| Employee share option (right to buy)F9 | $20.00 | holding | — | — | — | — | Dec 14, 2018 | Ordinary shares, no par value | 387,597 | 387,597 | D |
| Employee share option (right to buy)F9 | $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
- F1Represents settlement of performance-based restricted share units ("PSRUs"). See footnote 3.
- F2Represents shares withheld by the Company to cover tax withholding obligations upon vesting.
- F3Represents PRSUs granted to the reporting person on June 2, 2014. The PSRUs vested on June 2, 2017 upon achievement of a pre-established cumulative net earnings goal for the applicable period resulting in the reporting person earning 86.3% of the ordinary shares originally subject to the award.
- F4Granted 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.
- 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, 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.
- F8Granted on June 2, 2014 pursuant to the Incentive Plan. 75% of these share options are immediately exercisable. The remaining unvested share options will vest on June 2, 2018, subject to grantee's continued employment with the Company through the vesting date.
- F9Immediately exercisable.