Capri Holdings Ltd — Director's Dealing 2016

Jun 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Michael Kors Holdings Ltd (KORS)
CIK: 0001530721
Period of Report: 2016-06-01

Reporting Person: Sporn Lee S. (SVP Bus Affairs, GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-01	Ordinary shares, no par value	M	7230	—	Acquired	20556	Direct
2016-06-01	Ordinary shares, no par value	F	2926	$45.55	Disposed	17630	Direct
2016-06-02	Ordinary shares, no par value	F	375	$47.51	Disposed	17255	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-01	Performance-based restricted share units	$0	M	4820	Disposed		Ordinary shares, no par value (7230)	Direct

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 (14347)	14347	Direct
Restricted share unit	$0		Ordinary shares, no par value (8493)	8493	Direct
Employee share option (right to buy)	$94.45	2021-06-02	Ordinary shares, no par value (11909)	11909	Direct
Employee share option (right to buy)	$5	2021-03-25	Ordinary shares, no par value (76000)	76000	Direct
Employee share option (right to buy)	$20	2018-12-14	Ordinary shares, no par value (27454)	27454	Direct
Employee share option (right to buy)	$62.24	2020-06-03	Ordinary shares, no par value (14036)	14036	Direct

Footnotes

F1: Represents performance-based restricted share units ("PSRUs") granted to the reporting person on June 3, 2013. The PSRUs vested on June 1, 2016 upon achievement of a pre-established cumulative net earnings goal for the applicable period resulting in the reporting person earning 150% of the shares originally subject to the award.

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

F3: Represents shares withheld by the Company to cover tax withholding obligations upon the vesting of restricted shares.

F4: Granted on June 15, 2015 pursuant to the Michael Kors Holdings Limited Omnibus Incentive Plan (the "Incentive Plan"). These securities will 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.

F5: The RSUs do not expire.

F6: Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.

F7: Granted on June 2, 2014 pursuant to 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.

F8: Immediately exercisable.

F9: 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.