John D. Idol - Dec 7, 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
Stock symbol
CPRI
Transactions as of
Dec 7, 2021
Transactions value $
$0
Form type
4
Date filed
12/8/2021, 02:26 PM
Previous filing
Nov 9, 2021
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPRI Ordinary shares, no par value Gift $0 -543K -27.17% $0.00 1.46M Dec 7, 2021 Held by John D. Idol 2020 GRAT F1
transaction CPRI Ordinary shares, no par value Gift $0 +543K +139.37% $0.00 933K Dec 7, 2021 Direct F1, F2
holding CPRI Ordinary shares, no par value 150K Dec 7, 2021 Held by John D. Idol 2013 GRAT #1
holding CPRI Ordinary shares, no par value 150K Dec 7, 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
holding CPRI Restricted share units 55.4K Dec 7, 2021 Ordinary shares, no par value 55.4K $0.00 Direct F3, F4, F5
holding CPRI Restricted share units 11.1K Dec 7, 2021 Ordinary shares, no par value 11.1K $0.00 Direct F4, F5
holding CPRI Restricted share units 235K Dec 7, 2021 Ordinary shares, no par value 235K $0.00 Direct F4, F5, F6
holding CPRI Restricted share units 155K Dec 7, 2021 Ordinary shares, no par value 155K $0.00 Direct F4, F5, F7
holding CPRI Employee share option (right to buy) 61.2K Dec 7, 2021 Ordinary shares, no par value 61.2K $67.52 Direct
holding CPRI Employee share option (right to buy) 14.5K Dec 7, 2021 Ordinary shares, no par value 14.5K $49.88 Direct F8
holding CPRI Employee share option (right to buy) 108K Dec 7, 2021 Ordinary shares, no par value 108K $47.10 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were transfered from a grantor retained annuity trust ("GRAT") in which the reporting person has an indirect pecuniary interest to the reporting person as an annuity payment in accordance with the terms of the GRAT.
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 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 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.
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 unless the grantee is retirement eligible.
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.
F8 Immediately exercisable.