Thomas J. Edwards - Jun 17, 2021 Form 4 Insider Report for Capri Holdings Ltd (CPRI)

Role: EVP, CFO & COO
Signature: /s/ Krista A. McDonough, as attorney-in-fact for Thomas J. Edwards, Jr.
Stock symbol: CPRI
Transactions as of: Jun 17, 2021
Transactions value $: -$151,820
Form type: 4
Date filed: 6/21/2021, 04:25 PM
Previous filing: Jun 17, 2021
Next filing: Feb 25, 2022

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	+5.54K	+6.2%	$0.00	94.9K	Jun 17, 2021	Direct	F1
transaction	CPRI	Ordinary shares, no par value	Tax liability	-$152K	-2.83K	-2.99%	$53.59	92.1K	Jun 17, 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	-5.54K	-33.34%	$0.00	11.1K	Jun 17, 2021	Ordinary shares, no par value	5.54K	$0.00	Direct	F3, F4, F5
holding	CPRI	Restricted share units						4.07K	Jun 17, 2021	Ordinary shares, no par value	4.07K	$0.00	Direct	F4, F5
holding	CPRI	Restricted share units						58.8K	Jun 17, 2021	Ordinary shares, no par value	58.8K	$0.00	Direct	F4, F5, F6
holding	CPRI	Restricted share units						54.7K	Jun 17, 2021	Ordinary shares, no par value	54.7K	$0.00	Direct	F4, F5, F7
holding	CPRI	Employee share option (right to buy)						12.3K	Jun 17, 2021	Ordinary shares, no par value	12.3K	$67.52	Direct

* 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	Represents shares withheld by the Company to cover tax withholding obligations upon vesting.
F3	Granted on June 17, 2019 pursuant to the Capri Holdings Limited Second Amended and Restated Incentive Plan (the "Incentive Plan"). The securities underlying the total number of RSUs originally granted will vest 25% each year on June 17, 2020, 2021, 2022 and 2023, respectively, subject to grantee's continued employment with the Company through the vesting date.
F4	The RSUs do not expire.
F5	Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
F6	Granted on June 15, 2020 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted will 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.
F7	Granted on June 15, 2021 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted will 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.