John D. Idol - Dec 9, 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
Dec 9, 2022
Transactions value $
$0
Form type
4
Date filed
12/13/2022, 03:28 PM
Previous filing
Jun 22, 2022
Next filing
Dec 20, 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 -1.46M -100% $0.00* 0 Dec 9, 2022 Held by John D. Idol 2020 GRAT F1
transaction CPRI Ordinary shares, no par value Gift $0 +620K +55.95% $0.00 1.73M Dec 9, 2022 Direct F1, F2
holding CPRI Ordinary shares, no par value 150K Dec 9, 2022 Held by John D. Idol 2013 GRAT #1
holding CPRI Ordinary shares, no par value 150K Dec 9, 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
holding CPRI Restricted share units 27.7K Dec 9, 2022 Ordinary shares, no par value 27.7K $0.00 Direct F3, F4, F5
holding CPRI Restricted share units 118K Dec 9, 2022 Ordinary shares, no par value 118K $0.00 Direct F4, F5, F6
holding CPRI Restricted share units 103K Dec 9, 2022 Ordinary shares, no par value 103K $0.00 Direct F4, F5, F7
holding CPRI Restricted share units 89.6K Dec 9, 2022 Ordinary shares, no par value 89.6K $0.00 Direct F4, F5, F8
holding CPRI Employee share option (right to buy) 61.2K Dec 9, 2022 Ordinary shares, no par value 61.2K $67.52 Direct F9
holding CPRI Employee share option (right to buy) 14.5K Dec 9, 2022 Ordinary shares, no par value 14.5K $49.88 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 619,797 shares were transferred, from a grantor retained annuity trust ("GRAT") in which the reporting person had an indirect pecuniary interest, to the reporting person as an annuity payment in accordance with the terms of the GRAT. The remaining 836,820 shares were transferred to trusts for the benefit of the reporting person's adult children, as beneficiaries of the GRAT, in accordance the provisions of the GRAT which provided for such distribution upon expiration of the GRAT's term.
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 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.
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 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.
F7 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.
F8 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.
F9 Immediately exercisable.