Capri Holdings Ltd — Director's Dealing 2013

Jun 5, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Michael Kors Holdings Ltd (KORS)
CIK: 0001530721
Period of Report: 2013-06-03

Reporting Person: Russell Britton (SVP, Global Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-06-03	Ordinary shares, no par value	A	1687	—	Acquired	4523	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-06-03	Employee share option (right to buy)	$62.24	A	4211	Acquired	2020-06-03	Ordinary shares, no par value (4211)	Direct
2013-06-03	Performance-based restricted share units	$	A	1446	Acquired		Ordinary shares, no par value (1446)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee share option (right to buy)	$52.90	2019-10-01	Ordinary shares, no par value (6726)	6726	Direct

Footnotes

F1: Represents securities granted pursuant to the Michael Kors Holdings Limited Omnibus Incentive Plan (the "Incentive Plan"). 25% of these securities will vest annually on each of June 3, 2014, 2015, 2016 and 2017, respectively, subject to grantee's continued employment with the Company through the vesting date.

F2: Represents securities granted pursuant to the Incentive Plan. 25% of these securities will vest annually on each of October 1, 2013, 2014, 2015 and 2016, respectively, subject to grantee's continued employment with the Company through the vesting date.

F3: Each performance-based restricted share unit ("PRSUs") represents a contingent right to receive one ordinary share of the Company. The PRSUs will cliff vest around June 2016 only upon achievement of a pre-established cumulative net earnings goal for the applicable three-year period (2014-2016), subject to the grantee's continued employment with the Company through the end of such performance period.

F4: The number of ordinary shares earned with respect to such PRSUs will range from 0-150% of the shares originally subject to the award, depending on actual achievement.