Capri Holdings Ltd — Director's Dealing 2018

Dec 18, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Michael Kors Holdings Ltd (KORS)
CIK: 0001530721
Period of Report: 2018-12-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-14	Ordinary shares, no par value	G	713183	—	Disposed	409867	Direct
2018-12-14	Ordinary shares, no par value	G	713183	—	Acquired	713183	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary shares, no par value	586817	Indirect
Ordinary shares, no par value	149700	Indirect
Ordinary shares, no par value	149700	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 (128447)	128447	Direct
Restricted share units	$0		Ordinary shares, no par value (15923)	15923	Direct
Restricted share units	$0		Ordinary shares, no par value (4009)	4009	Direct
Employee share option, right to buy	$67.52	2025-06-15	Ordinary shares, no par value (61249)	61249	Direct
Restricted share units	$0		Ordinary shares, no par value (44431)	44431	Direct
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)	$49.88	2023-06-15	Ordinary shares, no par value (14503)	14503	Direct
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

Footnotes

F1: Reflects a bona fide gift by Mr. Idol for no consideration to a grantor retained annuity trusts ("GRAT") for the benefit of Mr. Idol's spouse and children of which Mr. Idol is the grantor but is not the trustee. As the grantor, Mr. Idol retains a pecuniary interest in the GRAT and may be deemed to beneficially own the ordinary shares held by the GRAT.

F2: This amount excludes 54,600 ordinary shares, no par value, held by the Idol Family Foundation. The reporting person may be deemed to have beneficial ownership of the shares held by the Idol Family Foundation but does not have a pecuinary interest in such shares.

F3: Immediately exercisable.

F4: 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 unless the grantee is retirement eligible.

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 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 unless the grantee is retirement eligible.

F8: Granted on June 15, 2018 pursuant to the Incentive Plan. These securities vest 25% each year on June 15, 2019, 2020, 2021, and 2022, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee is retirement eligible.