Capri Holdings Ltd — Director's Dealing 2016

Jun 18, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Michael Kors Holdings Ltd (KORS)
CIK: 0001530721
Period of Report: 2016-06-15

Reporting Person: IDOL JOHN D (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-15	Ordinary shares, no par value	M	15924	—	Acquired	1684221	Direct
2016-06-15	Ordinary shares, no par value	F	8273	$49.88	Disposed	1675948	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-15	Restricted share units	$0	M	15924	Disposed		Ordinary shares, no par value (15924)	Direct
2016-06-15	Employee share option (right to buy)	$49.88	A	14503	Acquired	2023-06-15	Ordinary shares, no par value (14503)	Direct
2016-06-15	Restricted share units	$0	A	8019	Acquired		Ordinary shares, no par value (8019)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary shares, no par value	95000	Indirect
Ordinary shares, no par value	150000	Indirect
Ordinary shares, no par value	150000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee share option (right to buy)	$47.10	2022-06-15	Ordinary shares, no par value (107604)	107604	Direct
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)	$2.6316	2020-02-18	Ordinary shares, no par value (491426)	491426	Direct
Employee share option (right to buy)	$5.00	2021-03-25	Ordinary shares, no par value (456000)	456000	Direct
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)	$62.24	2020-06-03	Ordinary shares, no par value (84219)	84219	Direct

Footnotes

F1: Represents settlement of restricted share units ("RSUs") through the issuance of one ordinary share for each vested RSU.

F2: Represents shares withheld by the Company to cover tax withholding obligations upon the vesting of RSUs.

F3: Granted on June 15, 2015 pursuant to the Michael Kors Holdings Limited Amended and Restated Omnibus Incentive Plan (the "Incentive Plan"). These securities vest 25% each year on June 15, 2016, 2017, 2018, and 2019, respectively, subject to grantee's continued employment with the Company through the vesting date.

F4: The RSUs do not expire.

F5: Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.

F6: Granted on June 15, 2016 pursuant to the Incentive Plan. These securities vest 25% each year on June 15, 2017, 2018, 2019, and 2020, respectively, subject to grantee's continued employment with the Company through the vesting date.

F7: Granted on June 2, 2014 pursuant to the Incentive Plan. 50% of these share options are immediately exercisable. The remaining unvested share options will vest 50% each year on June 2, 2017 and 2018, respectively, subject to grantee's continued employment with the Company through the vesting date.

F8: Immediately exercisable.

F9: Granted on June 3, 2013 pursuant to the Incentive Plan. 75% of these share options are immediately exercisable. The remaining unvested share options will vest on June 3, 2017, subject to grantee's continued employment with the Company through the vesting date.