Capri Holdings Ltd — Director's Dealing 2013

Apr 1, 2013

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Michael Kors Holdings Ltd (KORS)
CIK: 0001530721
Period of Report: 2013-03-31

Reporting Person: Parsons Joseph B. (EVP, CFO, COO & Treasurer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary shares, no par value	5184	Direct
Ordinary shares, no par value	29166	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee share option (right to buy)	$5.00	2021-03-25	Ordinary shares, no par value (456000)		Direct
Employee share option (right to buy)	$20.00	2018-12-14	Ordinary shares, no par value (67829)		Direct

Footnotes

F1: Represents restricted shares granted pursuant to the Michael Kors Holdings Limited Omnibus Incentive Plan (the "Incentive Plan). 1/3 of these restricted shares will vest annually on each of December 14, 2013, 2014 and 2015, respectively, subject to grantee's continued employment with the Company through the vesting date.

F2: Granted on March 25, 2011 pursuant to the Amended and Restated Michael Kors (USA), Inc. Stock Option Plan. These share options vest in full 10-years from the date of grant if the Company's shareholder net equity has increased by at least 20% per annum during such 10-year period. These share options may also vest on an accelerated basis if the pre-established annual performance goal (tied to annual divisional pre-tax profit) for the year has been met, in each case, subject to the grantee's continued employment with the Company through the vesting date. As a result, if the annual performance goal is attained for Fiscal 2013, Fiscal 2014 and/or Fiscal 2015, then 1/3 of these share options will vest on or about the date the audit of the financial statements of the Company for the fiscal years ended March 30, 2013, March 29, 2014, and March 28, 2015, respectively, is completed.

F3: Granted on December 14, 2011 pursuant to the Incentive Plan. 1/3 of these share options will vest annually on each of December 14, 2013, 2014 and 2015, respectively, subject to grantee's continued employment with the Company through the vesting date.