Capri Holdings Ltd — Director's Dealing 2015

Jun 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Michael Kors Holdings Ltd (KORS)
CIK: 0001530721
Period of Report: 2015-06-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-02	Ordinary shares, no par value	F	3888	$48.60	Disposed	4333132	Direct
2015-06-03	Ordinary shares, no par value	F	4720	$48.58	Disposed	4328412	Direct
2015-06-02	Ordinary shares, no par value	F	529	$48.60	Disposed	25188	Indirect
2015-06-03	Ordinary shares, no par value	F	535	$48.58	Disposed	24653	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary shares, no par value	95000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee share option (right to buy)	$94.45	2021-06-02	Ordinary shares, no par value (89316)	89316	Direct
Employee share option (right to buy)	$94.45	2021-06-02	Ordinary shares, no par value (5104)	5104	Indirect
Employee share option (right to buy)	$62.24	2020-06-03	Ordinary shares, no par value (84219)	84219	Direct
Employee share option (right to buy)	$62.24	2020-06-03	Ordinary shares, no par value (12031)	12031	Indirect
Employee share option (right to buy)	$20.00	2018-12-14	Ordinary shares, no par value (387597)	387597	Direct
Employee share option (right to buy)	$2.6316	2018-04-16	Ordinary shares, no par value (246590)	246590	Indirect
Employee share option (right to buy)	$2.6316	2020-10-25	Ordinary shares, no par value (165765)	165765	Indirect
Employee share option (right to buy)	$20.00	2018-12-14	Ordinary share, no par value (38760)	38760	Indirect

Footnotes

F1: Represents shares withheld by the Company to cover tax withholding obligations upon the vesting of restricted shares.

F2: Granted on June 2, 2014 pursuant to the Michael Kors Holdings Limited Omnibus Incentive Plan (the "Incentive Plan"). 25% of these share options are immediately exercisable. The remaining unvested share options will vest 25% each year on June 2, 2016, 2017 and 2018, respectively, subject to grantee's continued employment with the Company through the vesting date.

F3: Granted on June 3, 2013 pursuant to the Incentive Plan. 50% of these share options are immediately exercisable. The remaining unvested share options will vest 25% each year on June 3, 2016 and 2017, respectively, subject to grantee's continued employment with the Company through the vesting date.

F4: Granted on December 14, 2011 pursuant to the Incentive Plan. 290,698 share options are immediately exercisable. The remaining 98,889 unvested share options will vest on December 14, 2015, subject to grantee's continued employment with the Company through the vesting date.

F5: Immediately exercisable.

F6: Granted on October 25, 2010 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. 129,178 share options are immediately exercisable. If the annual performance goal is attained for Fiscal 2016, then the remaining 36,587 unvested share options will vest on or about the date the audit of the financial statements of the Company for the fiscal year ended April 2, 2016 is completed.

F7: Granted on December 14, 2011 pursuant to the Incentive Plan. 29,070 share options are immediately exercisable. The remaining 9,690 unvested share options will vest on December 14, 2015, subject to grantee's continued employment with the Company through the vesting date.