SEC Form 4 · accession 0001530721-18-000013
Capri Holdings Ltd · CPRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
M William Benedetto
Director
Period of report
Feb 16, 2018
Accepted (ET)
Feb 20, 2018 · 4:09 pm EST
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 | Feb 16, 2018 | S | 4,000 | $63.938 | D | 14,662 | 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 unitsF2,F3,F4 | $0.00 | holding | — | — | — | — | — | Ordinary shares, no par value | 4,115 | 4,115 | D |
Explanation of responses
- F1The sale price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $63.71 to $64.09. Upon request of the staff of the U.S. Securities and Exchange Commission, Michael Kors Holdings Limited (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.
- F2Granted pursuant to the Michael Kors Holdings Limited Amended and Restated Omnibus Incentive Plan. The RSUs vest on the earliest of: (1) the one year anniversary of the date of grant (August 3, 2018), or (2) the Company's annual shareholder meeting that occurs in the calendar year following the date of grant, and will be settled upon vesting unless the reporting person elects to defer settlement to a later date. If the reporting person's service with the Company terminates prior to the first anniversary of the date of grant, the RSUs will vest pro-rata based on the number of days from the date of grant through and including the date of the reporting person's termination of service. The RSUs will also vest in full in the event of the reporting person's death or disability.
- F3The RSUs do not expire.
- F4Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.