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: Kors Michael David (Director, Hon Chair & Chief Creative Off)

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary shares, no par value	4201793	Direct
Ordinary shares, no par value	125000	Direct
Ordinary shares, no par value	95000	Indirect
Ordinary shares, no par value	4167	Indirect
Ordinary shares, no par value	12500	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee share option (right to buy)	$20.00	2018-12-14	Ordinary shares, no par value (387597)		Direct
Employee share option (right to buy)	$2.6316	2018-04-16	Ordinary shares, no par value (246590)		Indirect
Employee share option (right to buy)	$2.6316	2020-10-25	Ordinary shares, no par value (165765)		Indirect
Employee share option (right to buy)	$20.00	2018-12-14	Ordinary shares, no par value (38760)		Indirect

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 December 14, 2011 pursuant to the Incentive Plan. 25% of these share options are immediately exercisable. 1/3 of the remaining unvested 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.

F3: Immediately exercisable.

F4: Granted on October 25, 2010 pursuant to the Amended and Restated Michael Kors (USA), Inc. Stock Option Plan. 53,762 share options are immediately exercisable and 112,003 are unvested. 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. If the annual performance goal is attained for Fiscal 2013, Fiscal 2014 and/or Fiscal 2015, then 1/3 of the unvested share options will vest on or about the date the audit of the financial statements of the Company for Fiscal 2013, 2014 and 2015, respectively, is completed.