SEC Form 4 · accession 0001530721-18-000027
Capri Holdings Ltd · CPRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Edwards Jr.
Officer — EVP, CFO, COO & Treasurer
Period of report
May 1, 2018
Accepted (ET)
May 3, 2018 · 4:01 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 | May 1, 2018 | M | 20,425 | $0.00 | A | 20,425 | D | |
| Ordinary shares, no par valueF2 | May 1, 2018 | F | 8,334 | $66.40 | D | 12,091 | 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 unitsF3,F4,F5 | $0.00 | May 1, 2018 | M | 20,425 | D | — | — | Ordinary shares, no par value | 20,425 | 61,274 | D |
Explanation of responses
- F1Represents settlement of restricted share units ("RSUs") through the issuance of one ordinary share for each vested RSU.
- F2Represents shares withheld by the Company to cover tax withholding obligations upon vesting.
- F3Granted on May 1, 2017 pursuant to the Michael Kors Holdings Limited Amended and Restated Incentive Plan. These securities vest 25% each year on May 1, 2018, 2019, 2020 and 2021, 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.