Capri Holdings Ltd — Director's Dealing 2014

Aug 4, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Michael Kors Holdings Ltd (KORS)
CIK: 0001530721
Period of Report: 2014-07-31

Reporting Person: Tomlin Jean (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-01	Ordinary shares, no par value	M	2185	—	Acquired	3178	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-31	Restricted share units	$0	A	1841	Acquired		Ordinary shares, no par value (1841)	Direct
2014-08-01	Restricted share units	$	M	2185	Disposed		Ordinary shares, no par value (2185)	Direct

Footnotes

F1: Restricted share units ("RSUs") converted into ordinary shares of the Company on a one-for-one basis.

F2: Granted pursuant to the Michael Kors Holdings Limited Omnibus Incentive Plan. The RSUs vest on the earliest of: (1) the one year anniversary of the date of grant, or (2) the Company's annual shareholder meeting that occurs in the calendar year following the date of grant, and will be settled upon vesting unless the reporting person elects to defer settlement to a later date. If the reporting person's service with the Company terminates prior to the first anniversary of the date of grant, the RSUs will vest pro-rata based on the number of days from the date of grant through and including the date of the reporting person's termination of service. The RSUs will also vest in full in the event of the reporting person's death or disability.

F3: The RSUs do not expire.

F4: Settlement of this award may be satisfied through the issuance of one ordinary share or cash equal to the fair market value of one ordinary share for each vested RSU (as determined by the Compensation Committee of the Company in its sole discretion).