John D. Idol - Jun 17, 2022 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
Jun 17, 2022
Transactions value $
-$4,045,320
Form type
4
Date filed
6/22/2022, 12:24 PM
Previous filing
Jun 17, 2022
Next filing
Dec 13, 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 +27.7K +2.71% $0.00 1.05M Jun 17, 2022 Direct F1, F2
transaction CPRI Ordinary shares, no par value Tax liability -$636K -14.1K -1.35% $45.00 1.04M Jun 17, 2022 Direct F2, F3
transaction CPRI Ordinary shares, no par value Award $0 +148K +14.34% $0.00 1.18M Jun 17, 2022 Direct F2, F4
transaction CPRI Ordinary shares, no par value Tax liability -$3.41M -75.8K -6.4% $45.00 1.11M Jun 17, 2022 Direct F2, F3
holding CPRI Ordinary shares, no par value 1.46M Jun 17, 2022 Held by John D. Idol 2020 GRAT
holding CPRI Ordinary shares, no par value 150K Jun 17, 2022 Held by John D. Idol 2013 GRAT #1
holding CPRI Ordinary shares, no par value 150K Jun 17, 2022 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 -27.7K -50% $0.00 27.7K Jun 17, 2022 Ordinary shares, no par value 27.7K $0.00 Direct F5, F6, F7
holding CPRI Restricted share units 118K Jun 17, 2022 Ordinary shares, no par value 118K $0.00 Direct F6, F7, F8
holding CPRI Restricted share units 103K Jun 17, 2022 Ordinary shares, no par value 103K $0.00 Direct F6, F7, F9
holding CPRI Restricted share units 89.6K Jun 17, 2022 Ordinary shares, no par value 89.6K $0.00 Direct F6, F7, F10
holding CPRI Employee share option (right to buy) 61.2K Jun 17, 2022 Ordinary shares, no par value 61.2K $67.52 Direct F11
holding CPRI Employee share option (right to buy) 14.5K Jun 17, 2022 Ordinary shares, no par value 14.5K $49.88 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 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 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 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 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 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 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 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 will 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.