SEC Form 4 · accession 0001530721-17-000028
Capri Holdings Ltd · CPRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph B. Parsons
Officer — EVP, CFO, COO & Treasurer
Period of report
Jun 2, 2017
Accepted (ET)
Jun 6, 2017 · 6:43 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 | 4,934 | — | A | 50,108 | D | |
| Ordinary shares, no par valueF2 | Jun 2, 2017 | F | 1,991 | $33.05 | D | 48,117 | D | |
| Ordinary shares, no par valueF2 | Jun 2, 2017 | F | 673 | $33.05 | D | 47,444 | D | |
| Ordinary shares, no par valueF2 | Jun 3, 2017 | F | 1,021 | $34.49 | D | 46,423 | D | |
| Ordinary shares, no par value | holding | — | — | — | 94,000 | I | By JCDRP Family 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 | 4,934 | D | — | — | Ordinary share, no par value | 4,933 | 0 | D |
| Employee share option (right to buy)F4 | $5.00 | holding | — | — | — | — | Mar 25, 2021 | Ordinary shares, no par value | 228,000 | 228,000 | D |
| Employee share options (right to buy)F5 | $49.88 | holding | — | — | — | — | Jun 15, 2023 | Ordinary shares, no par value | 17,404 | 17,404 | D |
| Employee share option (right to buy)F6 | $47.10 | holding | — | — | — | — | Jun 15, 2022 | Ordinary shares, no par value | 25,825 | 25,825 | D |
| Employee share option (right to buy)F7 | $94.45 | holding | — | — | — | — | Jun 2, 2021 | Ordinary shares, no par value | 21,436 | 21,436 | D |
| Employee share option (right to buy)F4 | $20.00 | holding | — | — | — | — | Dec 14, 2018 | Ordinary shares, no par value | 67,829 | 67,829 | D |
| Employee share option (right to buy)F4 | $62.24 | holding | — | — | — | — | Jun 3, 2020 | Ordinary shares, no par value | 25,266 | 25,266 | D |
| Restricted share unitsF5,F8,F9 | $0.00 | holding | — | — | — | — | — | Ordinary shares, no par value | 9,623 | 9,623 | D |
| Restricted share unitsF6,F8,F9 | $0.00 | holding | — | — | — | — | — | Ordinary shares, no par value | 3,822 | 11,465 | D |
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.
- F4Immediately exercisable.
- F5Granted on June 15, 2016 pursuant to Michael Kors Holdings Limited Amended and Restated Omnibus Incentive Plan (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.
- F6Granted on June 15, 2015 pursuant to 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.
- F7Granted 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.
- F8The RSUs do not expire.
- F9Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.