SEC Form 4 · accession 0001530721-18-000056
Capri Holdings Ltd · CPRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael David Kors
Officer — Hon Chair & Chief Creative Off · Director
Period of report
Jun 15, 2018
Accepted (ET)
Jun 19, 2018 · 8:21 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,F2 | Jun 15, 2018 | M | 15,923 | $0.00 | A | 4,314,854 | D | |
| Ordinary shares, no par valueF3,F2 | Jun 15, 2018 | F | 7,388 | $67.52 | D | 4,307,466 | D | |
| Ordinary shares, no par valueF1,F2 | Jun 15, 2018 | M | 2,005 | $0.00 | A | 4,309,471 | D | |
| Ordinary shares, no par valueF2 | Jun 15, 2018 | F | 1,068 | $67.52 | D | 4,308,403 | D | |
| Ordinary shares, no par valueF4,F2 | Jun 15, 2018 | A | 32,484 | $0.00 | A | 4,340,887 | D | |
| Ordinary shares, no par valueF2 | Jun 15, 2018 | F | 17,288 | $67.52 | D | 4,323,599 | D | |
| Ordinary shares, no par valueF1 | Jun 15, 2018 | M | 3,605 | $0.00 | A | 28,593 | I | Held by spouse |
| Ordinary shares, no par valueF2 | Jun 15, 2018 | F | 1,919 | $67.52 | D | 26,674 | I | Held by spouse |
| Ordinary shares, no par valueF1 | Jun 15, 2018 | M | 3,185 | $0.00 | A | 29,859 | I | Held by spouse |
| Ordinary shares, no par valueF2 | Jun 15, 2018 | F | 1,696 | $67.52 | D | 28,163 | I | Held by spouse |
| Ordinary shares, no par valueF1 | Jun 15, 2018 | M | 2,506 | $0.00 | A | 30,669 | I | Held by spouse |
| Ordinary shares, no par valueF2 | Jun 15, 2018 | F | 1,334 | $67.52 | D | 29,335 | I | Held by spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted share unitsF5,F6,F7 | $0.00 | Jun 15, 2018 | M | 15,923 | D | — | — | Ordinary shares, no par value | 15,923 | 15,923 | D |
| Restricted share unitsF8,F6,F7 | $0.00 | Jun 15, 2018 | M | 2,005 | D | — | — | Ordinary shares, no par value | 2,005 | 4,009 | D |
| Restricted share unitsF9,F6,F7 | $0.00 | Jun 15, 2018 | M | 3,605 | D | — | — | Ordinary shares, no par value | 3,605 | 10,813 | I |
| Restricted share unitsF5,F6,F7 | $0.00 | Jun 15, 2018 | M | 3,185 | D | — | — | Ordinary shares, no par value | 3,185 | 3,184 | I |
| Restricted share unitsF8,F6,F7 | $0.00 | Jun 15, 2018 | M | 2,506 | D | — | — | Ordinary shares, no par value | 2,506 | 5,012 | I |
| Employee share option (right to buy)F10 | $67.52 | Jun 15, 2018 | A | 61,249 | A | — | Jun 15, 2025 | Ordinary shares, no par value | 61,249 | 61,249 | D |
| Restricted share unitsF10,F6,F7 | $0.00 | Jun 15, 2018 | A | 44,431 | A | — | — | Ordinary shares, no par value | 44,431 | 44,431 | D |
| Restricted share unitsF10,F6,F7 | $0.00 | Jun 15, 2018 | A | 7,405 | A | — | — | Ordinary shares, no par value | 7,405 | 7,405 | I |
| Employee share option (right to buy)F11 | $2.6316 | holding | — | — | — | — | Oct 25, 2020 | Ordinary shares, no par value | 165,765 | 165,765 | I |
| Employee share option (right to buy)F8 | $49.88 | holding | — | — | — | — | Jun 15, 2023 | Ordinary shares, no par value | 14,503 | 14,503 | D |
| Employee share option (right to buy)F5 | $47.10 | holding | — | — | — | — | Jun 15, 2022 | Ordinary shares, no par value | 107,604 | 107,604 | D |
| Employee share option (right to buy)F11 | $94.45 | holding | — | — | — | — | Jun 2, 2021 | Ordinary shares, no par value | 89,316 | 89,316 | D |
| Employee share option (right to buy)F11 | $94.45 | holding | — | — | — | — | Jun 2, 2021 | Ordinary shares, no par value | 5,104 | 5,104 | I |
| Employee share option (right to buy)F11 | $20.00 | holding | — | — | — | — | Dec 14, 2018 | Ordinary shares, no par value | 387,597 | 387,597 | D |
| Employee share option (right to buy)F11 | $20.00 | holding | — | — | — | — | Dec 14, 2018 | Ordinary share, no par value | 38,760 | 38,760 | I |
| Employee share option (right to buy)F11 | $62.24 | holding | — | — | — | — | Jun 3, 2020 | Ordinary shares, no par value | 84,219 | 84,219 | D |
| Employee share option (right to buy)F11 | $62.24 | holding | — | — | — | — | Jun 3, 2020 | Ordinary shares, no par value | 12,031 | 12,031 | I |
Explanation of responses
- F1Respresents settlement of restricted share units ("RSUs") through the issuance of one ordinary share for each vested RSU.
- F10Granted on June 15, 2018 pursuant to the Incentive Plan. These securities vest 25% each year on June 15, 2019, 2020, 2021, and 2022, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee is retirement eligible.
- F11Immediately exercisable.
- F2This amount excludes 95,000 ordinary shares, no par value, held by the Kors LePere Foundation. The reporting person may be deemed to have beneficial ownership of the shares held by the Kors LePere Foundation but does not have a pecuinary interest in such shares.
- F3Represents shares withheld by the Company to cover tax withholding obligations upon vesting.
- F4Represents shares acquired upon vesting of performance-based restricted share units.
- F5Granted 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.
- F6The RSUs do not expire.
- F7Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
- 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 unless the grantee is retirement eligible.
- F9Granted on June 15, 2017 pursuant to the Incentive Plan. These securities vest 25% each year on June 15, 2018, 2019, 2020, and 2021, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee is retirement eligible.