Capri Holdings Limited Form 4 Michael Kors / Michael David Kors 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

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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^*

Kors Michael David

(Last)

(First)

(Middle)

33 KINGSWAY

(Street)

LONDON

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)
Hon Chair & Chief Creative Off

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2018

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary shares, no par value	06/15/2018		M		15,923⁽¹⁾	A	$0	4,314,854⁽²⁾	D
Ordinary shares, no par value	06/15/2018		F		7,388⁽³⁾	D	$67.52	4,307,466⁽²⁾	D
Ordinary shares, no par value	06/15/2018		M		2,005⁽¹⁾	A	$0	4,309,471⁽²⁾	D
Ordinary shares, no par value	06/15/2018		F		1,068⁽²⁾	D	$67.52	4,308,403⁽²⁾	D
Ordinary shares, no par value	06/15/2018		A		32,484⁽⁴⁾	A	$0	4,340,887⁽²⁾	D
Ordinary shares, no par value	06/15/2018		F		17,288⁽²⁾	D	$67.52	4,323,599⁽²⁾	D
Ordinary shares, no par value	06/15/2018		M		3,605⁽¹⁾	A	$0	28,593	I	Held by spouse
Ordinary shares, no par value	06/15/2018		F		1,919⁽²⁾	D	$67.52	26,674	I	Held by spouse
Ordinary shares, no par value	06/15/2018		M		3,185⁽¹⁾	A	$0	29,859	I	Held by spouse
Ordinary shares, no par value	06/15/2018		F		1,696⁽²⁾	D	$67.52	28,163	I	Held by spouse
Ordinary shares, no par value	06/15/2018		M		2,506⁽¹⁾	A	$0	30,669	I	Held by spouse
Ordinary shares, no par value	06/15/2018		F		1,334⁽²⁾	D	$67.52	29,335	I	Held by spouse

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted share units	$0	06/15/2018		M			15,923	⁽⁵⁾	⁽⁶⁾	Ordinary shares, no par value	15,923⁽⁷⁾	$0	15,923	D
Restricted share units	$0	06/15/2018		M			2,005	⁽⁸⁾	⁽⁶⁾	Ordinary shares, no par value	2,005⁽⁷⁾	$0	4,009	D
Restricted share units	$0	06/15/2018		M			3,605	⁽⁹⁾	⁽⁶⁾	Ordinary shares, no par value	3,605⁽⁷⁾	$0	10,813	I	Held by spouse
Restricted share units	$0	06/15/2018		M			3,185	⁽⁵⁾	⁽⁶⁾	Ordinary shares, no par value	3,185⁽⁷⁾	$0	3,184	I	Held by spouse
Restricted share units	$0	06/15/2018		M			2,506	⁽⁸⁾	⁽⁶⁾	Ordinary shares, no par value	2,506⁽⁷⁾	$0	5,012	I	Held by spouse
Employee share option (right to buy)	$67.52	06/15/2018		A		61,249		⁽¹⁰⁾	06/15/2025	Ordinary shares, no par value	61,249	$0	61,249	D
Restricted share units	$0	06/15/2018		A		44,431		⁽¹⁰⁾	⁽⁶⁾	Ordinary shares, no par value	44,431⁽⁷⁾	$0	44,431	D
Restricted share units	$0	06/15/2018		A		7,405		⁽¹⁰⁾	⁽⁶⁾	Ordinary shares, no par value	7,405⁽⁷⁾	$0	7,405	I	Held by spouse
Employee share option (right to buy)	$2.6316							⁽¹¹⁾	10/25/2020	Ordinary shares, no par value	165,765		165,765	I	Held by spouse
Employee share option (right to buy)	$49.88							⁽⁸⁾	06/15/2023	Ordinary shares, no par value	14,503		14,503	D
Employee share option (right to buy)	$47.1							⁽⁵⁾	06/15/2022	Ordinary shares, no par value	107,604		107,604	D
Employee share option (right to buy)	$94.45							⁽¹¹⁾	06/02/2021	Ordinary shares, no par value	89,316		89,316	D
Employee share option (right to buy)	$94.45							⁽¹¹⁾	06/02/2021	Ordinary shares, no par value	5,104		5,104	I	Held by spouse
Employee share option (right to buy)	$20							⁽¹¹⁾	12/14/2018	Ordinary shares, no par value	387,597		387,597	D
Employee share option (right to buy)	$20							⁽¹¹⁾	12/14/2018	Ordinary share, no par value	38,760		38,760	I	Held by spouse
Employee share option (right to buy)	$62.24							⁽¹¹⁾	06/03/2020	Ordinary shares, no par value	84,219		84,219	D
Employee share option (right to buy)	$62.24							⁽¹¹⁾	06/03/2020	Ordinary shares, no par value	12,031		12,031	I	Held by spouse

Explanation of Responses:

1. Respresents settlement of restricted share units ("RSUs") through the issuance of one ordinary share for each vested RSU.

2. This amount excludes 95,000 ordinary shares, no par value, held by the Kors LePere Foundation. The reporting person may be deemed to have beneficial ownership of the shares held by the Kors LePere Foundation but does not have a pecuinary interest in such shares.

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

4. Represents shares acquired upon vesting of performance-based restricted share units.

5. 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.

6. The RSUs do not expire.

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

8. 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.

9. Granted on June 15, 2017 pursuant to the Incentive Plan. These securities vest 25% each year on June 15, 2018, 2019, 2020, and 2021, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee is retirement eligible.

10. 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.

11. Immediately exercisable.

	/s/ Krista A. McDonough, as Attorney-in-Fact for Michael Kors	06/19/2018
	** 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).
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Capri Holdings Limited (CPRI) Form 4Michael Kors / Michael David Kors ownership change