SEC Form 4 · accession 0001530721-17-000032
Capri Holdings Ltd · CPRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cathy Marie Robinson
Officer — SVP, Corp Str & Ch Ops Off
Period of report
Jun 2, 2017
Accepted (ET)
Jun 6, 2017 · 6:49 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 | 8,224 | — | A | 25,437 | D | |
| Ordinary shares, no par valueF2 | Jun 2, 2017 | F | 3,319 | $33.05 | D | 22,118 | D | |
| Ordinary shares, no par valueF2 | Jun 2, 2017 | F | 2,243 | $33.05 | D | 19,875 | D |
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 | 8,224 | D | — | — | Ordinary shares, no par value | 8,224 | 0 | D |
| Restricted share unitsF4,F5,F6 | $0.00 | holding | — | — | — | — | — | Ordinary shares, no par value | — | 23,370 | D |
| Restricted share unitsF7,F5,F6 | $0.00 | holding | — | — | — | — | — | Ordinary shares, no par value | 3,822 | 3,822 | D |
| Restricted share unitsF8,F5,F6 | $0.00 | holding | — | — | — | — | — | Ordinary shares, no par value | 4,010 | 4,010 | D |
| Employee share option (right to buy)F7 | $47.10 | holding | — | — | — | — | Jun 15, 2022 | Ordinary shares, no par value | 8,608 | 8,608 | D |
| Employee share option (right to buy)F8 | $49.88 | holding | — | — | — | — | Jun 15, 2023 | Ordinary shares, no par value | 7,252 | 7,252 | 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.
- F4Granted on September 1, 2015 pursuant to the Michael Kors Holdings Limited Amended and Restated Omnibus Incentive Plan (the "Incentive Plan"). These securities vest over three years on each anniversary of the date of the grant, 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 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 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.