JOHN D. IDOL - 16 Mar 2023 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
16 Mar 2023
Transactions value $
$9,976,236
Form type
4
Filing time
17 Mar 2023, 14:05:07 UTC
Previous filing
20 Dec 2022
Next filing
16 Jun 2023
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 Purchase $1,186,038 +28,239 +1.6% $42 1,755,784 16 Mar 2023 Direct F1
transaction CPRI Ordinary shares, no par value Purchase $6,891,284 +165,219 +9.5% $41.71 1,912,003 16 Mar 2023 Direct F1, F2
transaction CPRI Ordinary shares, no par value Purchase $1,898,913 +46,542 +2.4% $40.8 1,967,545 16 Mar 2023 Direct F1, F3
transaction CPRI Ordinary shares, no par value Gift $0 -1,000,000 -51% $0 967,545 17 Mar 2023 Direct F1, F4
transaction CPRI Ordinary shares, no par value Gift $0 +1,000,000 $0 1,000,000 17 Mar 2023 Held by John D. Idol 2023 GRAT F4
holding CPRI Ordinary shares, no par value 149,700 16 Mar 2023 Held by John D. Idol 2013 GRAT #1
holding CPRI Ordinary shares, no par value 149,700 16 Mar 2023 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
holding CPRI Restricted share units 26,419 16 Mar 2023 Ordinary shares, no par value 26,419 $0 Direct F5, F6, F7
holding CPRI Restricted share units 112,194 16 Mar 2023 Ordinary shares, no par value 112,194 $0 Direct F6, F7, F8
holding CPRI Restricted share units 98,617 16 Mar 2023 Ordinary shares, no par value 98,617 $0 Direct F6, F7, F9
holding CPRI Restricted share units 85,539 16 Mar 2023 Ordinary shares, no par value 85,539 $0 Direct F6, F7, F10
holding CPRI Employee share option (right to buy) 61,249 16 Mar 2023 Ordinary shares, no par value 61,249 $67.52 Direct F11
holding CPRI Employee share option (right to buy) 14,503 16 Mar 2023 Ordinary shares, no par value 14,503 $49.88 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The purchase price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions ranged from $41.00 to $41.99. 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 purchased at each separate price.
F3 The purchase price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions ranged from $40.52 to $40.99. 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 purchased at each separate price.
F4 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 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.
F5 Granted on June 17, 2019 pursuant to the Capri Holdings Limited Third Amended and Restated Incentive Plan (the "Incentive Plan"). The securities underlying the total number of RSUs originally granted 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 dies, becomes permanently disabled or is retirement eligible under the Incentive Plan.
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. The securities underlying the total number of RSUs originally granted 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 dies, becomes permanently disabled or is retirement eligible under the Incentive Plan.
F9 Granted on June 15, 2021 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted 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 dies, becomes permanently disabled or is retirement eligible under the Incentive Plan.
F10 Granted on June 15, 2022 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 1/3 each year on June 15, 2023, 2024, and 2025, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan.
F11 Immediately exercisable.