SEC Form 4 · accession 0001530721-18-000121

Capri Holdings Ltd · CPRI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

John D Idol

Officer — Chairman & CEO · Director

Period of report

Dec 14, 2018

Accepted (ET)

Dec 17, 2018 · 9:42 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 value^F2	Dec 14, 2018	G	713,183	$0.00	D	409,867	D
Ordinary shares, no par value	Dec 14, 2018	G	713,183	$0.00	A	713,183	I	Held by John D. Idol 2018 GRAT
Ordinary shares, no par value	holding	—	—		—	586,817	I	Held by John D. Idol 2017 GRAT
Ordinary shares, no par value	holding	—	—		—	149,700	I	Held by John D. Idol 2013 GRAT #1
Ordinary shares, no par value	holding	—	—		—	149,700	I	Held by John D. Idol 2013 GRAT #2

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee share option (right to buy)^F3	$5.00	holding	—	—	—	—	Mar 25, 2021	Ordinary shares, no par value	128,447	128,447	D
Restricted share units^F4,F5,F6	$0.00	holding	—	—	—	—	—	Ordinary shares, no par value	15,923	15,923	D
Restricted share units^F7,F5,F6	$0.00	holding	—	—	—	—	—	Ordinary shares, no par value	4,009	4,009	D
Employee share option, right to buy^F8	$67.52	holding	—	—	—	—	Jun 15, 2025	Ordinary shares, no par value	61,249	61,249	D
Restricted share units^F8,F5	$0.00	holding	—	—	—	—	—	Ordinary shares, no par value	44,431	44,431	D
Employee share option (right to buy)^F3	$62.24	holding	—	—	—	—	Jun 3, 2020	Ordinary shares, no par value	84,219	84,219	D
Employee share option (right to buy)^F7	$49.88	holding	—	—	—	—	Jun 15, 2023	Ordinary shares, no par value	14,503	14,503	D
Employee share option (right to buy)^F4	$47.10	holding	—	—	—	—	Jun 15, 2022	Ordinary shares, no par value	107,604	107,604	D
Employee share option (right to buy)^F3	$94.45	holding	—	—	—	—	Jun 2, 2021	Ordinary shares, no par value	89,316	89,316	D

Explanation of responses

F1Reflects a bona fide gift by Mr. Idol for no consideration to a grantor retained annuity trusts ("GRAT") for the benefit of Mr. Idol's spouse and children of which Mr. Idol is the grantor but is not the trustee. As the grantor, Mr. Idol retains a pecuniary interest in the GRAT and may be deemed to beneficially own the ordinary shares held by the GRAT.
F2This amount excludes 54,600 ordinary shares, no par value, held by the Idol Family Foundation. The reporting person may be deemed to have beneficial ownership of the shares held by the Idol Family Foundation but does not have a pecuinary interest in such shares.
F3Immediately exercisable.
F4Granted 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 unless the grantee is retirement eligible.
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, 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.
F8Granted 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.