Capri Holdings Limited (CPRI) Form 4 Michael Kors / JOHN D IDOL ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

IDOL JOHN D

(Last) (First) (Middle)

33 KINGSWAY

(Street)

LONDON X0 WC2B 6UF

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Michael Kors Holdings Ltd [ KORS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chairman & CEO

3. Date of Earliest Transaction (Month/Day/Year)
04/18/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary shares, no par value	04/18/2018		M		87,097	A	$20	1,774,643	D
Ordinary shares, no par value	04/18/2018		S(1)		53,597	D	$65.9206(2)	1,721,046	D
Ordinary shares, no par value	04/18/2018		S(1)		33,500	D	$66.7415(3)	1,687,546	D
Ordinary shares, no par value	04/18/2018		M		62,903	A	$2.6316	1,750,449	D
Ordinary shares, no par value	04/18/2018		S(1)		38,413	D	$65.914(4)	1,712,036	D
Ordinary shares, no par value	04/18/2018		S(1)		24,490	D	$66.7329(5)	1,687,546	D
Ordinary shares, no par value								95,000	I	Held by the Idol Family Foundation
Ordinary shares, no par value								150,000	I	Held by John D. Idol 2013 GRAT #1
Ordinary shares, no par value								150,000	I	Held by John D. Idol 2013 GRAT #2

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee share option (right to buy)	$20	04/18/2018		M			87,097	(6)	12/14/2018	Ordinary shares, no par value	87,097	$20	0	D
Employee share option (right to buy)	$2.6316	04/18/2018		M			62,903	(6)	02/18/2020	Ordinary shares, no par value	62,903	$2.6316	428,523	D
Employee share option (right to buy)	$5							(6)	03/25/2021	Ordinary shares, no par value	456,000		456,000	D
Employee share option (right to buy)	$62.24							(6)	06/03/2020	Ordinary shares, no par value	84,219		84,219	D
Employee share option (right to buy)	$49.88							(7)	06/15/2023	Ordinary shares, no par value	14,503		14,503	D
Restricted share units	$0							(7)	(8)	Ordinary shares, no par value	6,014(9)		6,014	D
Employee share option (right to buy)	$47.1							(10)	06/15/2022	Ordinary shares, no par value	107,604		107,604	D
Restricted share units	$0							(10)	(8)	Ordinary shares, no par value	31,846(9)		31,846	D
Employee share option (right to buy)	$94.45							(11)	06/02/2021	Ordinary shares, no par value	89,316		89,316	D

Explanation of Responses:

1. These shares were sold pursuant to a Rule 10b5-1 trading plan. The 10b5-1 trading plan was put in place by the reporting person for estate planning purposes and may result in additional future share sales. The reporting person expects to retain a significant ownership interest in Michael Kors Holdings Limited (the "Company").

2. The sale price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $65.32 to $66.31. Upon request of the staff of the U.S. Securities and Exchange Commission (the "SEC"), the Company or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold at each separate price.

3. The sale price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $66.32 to $67.24. Upon request of the staff of the SEC, the Company or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold at each separate price.

4. The sale price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $65.32 to $66.31. Upon request of the staff of the SEC, the Company or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold at each separate price.

5. The sale price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $66.32 to $67.25. Upon request of the staff of the SEC, the Company or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold at each separate price.

6. Immediately exercisable.

7. Granted on June 15, 2016 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, 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.

8. The RSUs do not expire.

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

10. 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.

11. 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.

	/s/ Krista A. McDonough, as Attorney-in-Fact for John D. Idol	04/20/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.