JOHN D. IDOL - 15 Jun 2021 Form 4 Insider Report for Capri Holdings Ltd (CPRI)

Role
Chairman & CEO, Director
Signature
/s/ Krista A. McDonough, as Attorney-in-Fact for John D. Idol
Issuer symbol
CPRI
Transactions as of
15 Jun 2021
Transactions value $
-$4,958,441
Form type
4
Filing time
17 Jun 2021, 18:57:12 UTC
Next filing
21 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPRI Ordinary shares, no par value Options Exercise $0 +11.1K +1.3% $0.00 865K 15 Jun 2021 Direct F1, F2
transaction CPRI Ordinary shares, no par value Tax liability -$298K -5.44K -0.63% $54.83 860K 15 Jun 2021 Direct F2, F3
transaction CPRI Ordinary shares, no par value Options Exercise $0 +118K +13.67% $0.00 978K 15 Jun 2021 Direct F1, F2
transaction CPRI Ordinary shares, no par value Tax liability -$3.16M -57.6K -5.89% $54.83 920K 15 Jun 2021 Direct F2, F3
transaction CPRI Ordinary shares, no par value Award $0 +56K +6.09% $0.00 976K 15 Jun 2021 Direct F2, F4
transaction CPRI Ordinary shares, no par value Tax liability -$1.5M -27.4K -2.81% $54.83 949K 15 Jun 2021 Direct F2, F3
holding CPRI Ordinary shares, no par value 2M 15 Jun 2021 Held by John D. Idol 2020 GRAT
holding CPRI Ordinary shares, no par value 150K 15 Jun 2021 Held by John D. Idol 2013 GRAT #1
holding CPRI Ordinary shares, no par value 150K 15 Jun 2021 Held by John D. Idol 2013 GRAT #2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CPRI Restricted share units Options Exercise $0 -11.1K -50% $0.00 11.1K 15 Jun 2021 Ordinary shares, no par value 11.1K $0.00 Direct F5, F6, F7
transaction CPRI Restricted share units Options Exercise $0 -118K -33.33% $0.00 235K 15 Jun 2021 Ordinary shares, no par value 118K $0.00 Direct F6, F7, F8
transaction CPRI Restricted share units Award $0 +155K $0.00 155K 15 Jun 2021 Ordinary shares, no par value 155K $0.00 Direct F6, F7, F9
holding CPRI Restricted share units 83.1K 15 Jun 2021 Ordinary shares, no par value 83.1K $0.00 Direct F6, F7, F10
holding CPRI Employee share option, right to buy 61.2K 15 Jun 2021 Ordinary shares, no par value 61.2K $67.52 Direct F5
holding CPRI Employee share option (right to buy) 14.5K 15 Jun 2021 Ordinary shares, no par value 14.5K $49.88 Direct F11
holding CPRI Employee share option (right to buy) 108K 15 Jun 2021 Ordinary shares, no par value 108K $47.10 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Respresents settlement of restricted share units ("RSUs") through the issuance of one ordinary share for each vested RSU.
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 Represents shares withheld by the Company to cover tax withholding obligations upon vesting.
F4 Represents shares acquired upon vesting of performance-based restricted share units.
F5 Granted on June 15, 2018 pursuant to the Capri Holdings Limited Second Amended and Restated Incentive Plan (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.
F6 The RSUs do not expire.
F7 Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
F8 Granted on June 15, 2020 pursuant to the Incentive Plan. These securities vest 1/3 each year on June 15, 2021, 2022, and 2023, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee is retirement eligible.
F9 Granted on June 15, 2021 pursuant to the Incentive Plan. These securities vest 1/3 each year on June 15, 2022, 2023, and 2024, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee is retirement eligible.
F10 Granted on June 17, 2019 pursuant to the Incentive Plan. These securities vest 25% each year on June 15, 2020, 2021, 2022, and 2023, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee is retirement eligible.
F11 Immediately exercisable.