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: Parsons Joseph B. (EVP, CFO, COO & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-02	Ordinary shares, no par value	M	4934	—	Acquired	50108	Direct
2017-06-02	Ordinary shares, no par value	F	1991	$33.05	Disposed	48117	Direct
2017-06-02	Ordinary shares, no par value	F	673	$33.05	Disposed	47444	Direct
2017-06-03	Ordinary shares, no par value	F	1021	$34.49	Disposed	46423	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-02	Performance-based restricted share units	$0	M	4934	Disposed		Ordinary share, no par value (4933)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary shares, no par value	94000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee share option (right to buy)	$5.00	2021-03-25	Ordinary shares, no par value (228000)	228000	Direct
Employee share options (right to buy)	$49.88	2023-06-15	Ordinary shares, no par value (17404)	17404	Direct
Employee share option (right to buy)	$47.10	2022-06-15	Ordinary shares, no par value (25825)	25825	Direct
Employee share option (right to buy)	$94.45	2021-06-02	Ordinary shares, no par value (21436)	21436	Direct
Employee share option (right to buy)	$20.00	2018-12-14	Ordinary shares, no par value (67829)	67829	Direct
Employee share option (right to buy)	$62.24	2020-06-03	Ordinary shares, no par value (25266)	25266	Direct
Restricted share units	$0		Ordinary shares, no par value (9623)	9623	Direct
Restricted share units	$0		Ordinary shares, no par value (3822)	11465	Direct

Footnotes

F1: Represents settlement of performance-based restricted share units ("PSRUs"). See footnote 3.

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

F3: 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.

F4: Immediately exercisable.

F5: Granted on June 15, 2016 pursuant to Michael Kors Holdings Limited Amended and Restated Omnibus Incentive Plan (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.

F6: Granted on June 15, 2015 pursuant to 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.

F7: Granted on June 2, 2014 pursuant to the Incentive Plan. 75% of these share options are immediately exercisable. The remaining unvested share options will vest on June 2, 2018, subject to grantee's continued employment with the Company through the vesting date.

F8: The RSUs do not expire.

F9: Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.