Robin Anthony David Freestone - 28 Jul 2021 Form 4 Insider Report for Capri Holdings Ltd (CPRI)

Role
Director
Signature
/s/ Krista A. McDonough, as Attorney-in-Fact for Robin Freestone
Issuer symbol
CPRI
Transactions as of
28 Jul 2021
Net transactions value
-$248,731
Form type
4
Filing time
29 Jul 2021, 17:34:12 UTC
Next filing
01 Aug 2022
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 +10,707 +145% 18,099 28 Jul 2021 Direct F1
transaction CPRI Ordinary shares, no par value Tax liability $248,731 -5,033 -28% $49.42 13,066 28 Jul 2021 Direct F2

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 -10,707 -100% $0.000000* 0 28 Jul 2021 Ordinary shares, no par value 10,707 $0.000000 Direct F3
transaction CPRI Restricted share units Award $0 +3,035 $0.000000 3,035 28 Jul 2021 Ordinary shares, no par value 3,035 $0.000000 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted share units ("RSUs") converted into ordinary shares of the Company on a one-for-one basis upon vesting.
F2 Represents shares withheld by the Company to cover tax withholding obligations upon vesting.
F3 The RSUs do not expire.
F4 Granted pursuant to the Capri Holdings Limited Second Amended and Restated Omnibus Incentive Plan. The RSUs vest on the earliest of: (1) the one year anniversary of the date of grant (July 28, 2022), or (2) the Company's annual shareholder meeting that occurs in the calendar year following the date of grant, and will be settled upon vesting unless the reporting person elects to defer settlement to a later date. If the reporting person's service with the Company terminates prior to the first anniversary of the date of grant, the RSUs will vest pro-rata based on the number of days from the date of grant through and including the date of the reporting person's termination of service. The RSUs will also vest in full in the event of the reporting person's death or disability.
F5 Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.