SEC Form 4 · accession 0001530721-17-000034
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 2, 2017
Accepted (ET)
Jun 6, 2017 · 7:36 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 | 5,420 | — | A | 10,101 | 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 unitsF2 | $0.00 | Jun 2, 2017 | M | 5,420 | D | — | — | Ordinary shares, no par value | 5,420 | 0 | D |
| Restricted share unitsF3,F4,F5 | $0.00 | holding | — | — | — | — | — | Ordinary shares, no par value | 1,487 | 4,458 | D |
| Employee share option (right to buy)F6 | $49.88 | holding | — | — | — | — | Jun 15, 2023 | Ordinary shares, no par value | 7,252 | 7,252 | D |
| Restricted share unitsF6,F4,F5 | $0.00 | holding | — | — | — | — | — | Ordinary shares, no par value | 4,010 | 4,010 | D |
| Employee share options (right to buy)F3 | $47.10 | holding | — | — | — | — | Jun 15, 2022 | Ordinary shares, no par value | 10,043 | 10,043 | D |
| Employee share options (right to buy)F7 | $71.66 | holding | — | — | — | — | Oct 1, 2021 | Ordinary shares, no par value | 23,638 | 23,638 | D |
Explanation of responses
- F1Represents settlement of performance-based restricted share units ("PSRUs"). See footnote 2.
- F2Represents 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.
- 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 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.
- F7Granted 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.