Jenna Hendricks - Dec 18, 2023 Form 4 Insider Report for Capri Holdings Ltd (CPRI)

Role
SVP, Chief People Officer
Signature
/s/ Krista A. McDonough, as Attorney-In-Fact for Jenna Hendricks
Stock symbol
CPRI
Transactions as of
Dec 18, 2023
Transactions value $
$0
Form type
4
Date filed
12/20/2023, 06:00 PM
Previous filing
Aug 3, 2023
Next filing
Jun 20, 2024

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 +20.3K +46.86% $0.00 63.7K Dec 18, 2023 Direct F1

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 -9.12K -100% $0.00* 0 Dec 18, 2023 Ordinary shares, no par value 9.12K $0.00 Direct F2, F3, F4
transaction CPRI Restricted share units Options Exercise $0 -5.27K -50% $0.00 5.27K Dec 18, 2023 Ordinary shares, no par value 5.27K $0.00 Direct F2, F3, F4, F5
transaction CPRI Restricted share units Options Exercise $0 -5.94K -25% $0.00 17.8K Dec 18, 2023 Ordinary shares, no par value 5.94K $0.00 Direct F2, F3, F4, F6
* 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 Reflects the accelerated vesting of time-based RSU awards that were otherwise scheduled to vest in 2024 for the purpose of reducing or eliminating the excise tax imposed under Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended, that would be imposed on amounts payable to the Reporting Person in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 10, 2023, by and among Tapestry, Inc., Sunrise Merger Sub, Inc., and the Company.
F3 The RSUs do not expire.
F4 Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
F5 Granted on June 15, 2022 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 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.
F6 Granted on June 15, 2023 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted will vest 25% each year on June 15, 2024, 2025, 2026, and 2027, 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.