Capri Holdings Ltd — Director's Dealing 2017

Jun 7, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Michael Kors Holdings Ltd (KORS)
CIK: 0001530721
Period of Report: 2017-06-02

Reporting Person: Meyran Pascale (SVP, Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-02	Ordinary shares, no par value	M	5420	—	Acquired	10101	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-02	Performance-based restricted share units	$0	M	5420	Disposed		Ordinary shares, no par value (5420)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted share units	$0.00		Ordinary shares, no par value (1487)	4458	Direct
Employee share option (right to buy)	$49.88	2023-06-15	Ordinary shares, no par value (7252)	7252	Direct
Restricted share units	$0		Ordinary shares, no par value (4010)	4010	Direct
Employee share options (right to buy)	$47.10	2022-06-15	Ordinary shares, no par value (10043)	10043	Direct
Employee share options (right to buy)	$71.66	2021-10-01	Ordinary shares, no par value (23638)	23638	Direct

Footnotes

F1: Represents settlement of performance-based restricted share units ("PSRUs"). See footnote 2.

F2: Represents PRSUs granted to the reporting person on June 2, 2014. The PSRUs vested on June 2, 2017 upon achievement of a pre-established cumulative net earnings goal for the applicable period resulting in the reporting person earning 86.3% of the ordinary shares originally subject to the award.

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 October 1, 2014 pursuant to the Incentive Plan. 25% of these securities vest annually on each of October 1, 2015, 2016, 2017 and 2018,
respectively, subject to grantee's continued employment with the Company through the vesting date.