Michael Kors Holdings Ltd 4
4 · Michael Kors Holdings Ltd · Filed Jun 3, 2016
Insider Transaction Report
Form 4
Sporn Lee S.
SVP Bus Affairs, GC & Sec
Transactions
- Tax Payment
Ordinary shares, no par value
2016-06-01$45.55/sh−2,926$133,279→ 17,630 total - Exercise/Conversion
Ordinary shares, no par value
2016-06-01+7,230→ 20,556 total - Tax Payment
Ordinary shares, no par value
2016-06-02$47.51/sh−375$17,816→ 17,255 total - Exercise/Conversion
Performance-based restricted share units
2016-06-01−4,820→ 0 totalExercise: $0.00→ Ordinary shares, no par value (7,230 underlying)
Holdings
- 76,000
Employee share option (right to buy)
Exercise: $5.00Exp: 2021-03-25→ Ordinary shares, no par value (76,000 underlying) - 14,347
Employee share option (right to buy)
Exercise: $47.10Exp: 2022-06-15→ Ordinary shares, no par value (14,347 underlying) - 11,909
Employee share option (right to buy)
Exercise: $94.45Exp: 2021-06-02→ Ordinary shares, no par value (11,909 underlying) - 14,036
Employee share option (right to buy)
Exercise: $62.24Exp: 2020-06-03→ Ordinary shares, no par value (14,036 underlying) - 8,493
Restricted share unit
Exercise: $0.00→ Ordinary shares, no par value (8,493 underlying) - 27,454
Employee share option (right to buy)
Exercise: $20.00Exp: 2018-12-14→ Ordinary shares, no par value (27,454 underlying)
Footnotes (9)
- [F1]Represents performance-based restricted share units ("PSRUs") granted to the reporting person on June 3, 2013. The PSRUs vested on June 1, 2016 upon achievement of a pre-established cumulative net earnings goal for the applicable period resulting in the reporting person earning 150% of the shares originally subject to the award.
- [F2]Represents shares withheld by the Company to cover tax withholding obligations upon the vesting of the PSRUs.
- [F3]Represents shares withheld by the Company to cover tax withholding obligations upon the vesting of restricted shares.
- [F4]Granted on June 15, 2015 pursuant to the Michael Kors Holdings Limited Omnibus Incentive Plan (the "Incentive Plan"). These securities will vest 25% each year on June 15, 2016, 2017, 2018, and 2019, respectively, subject to grantee's continued employment with the Company through the vesting date.
- [F5]The RSUs do not expire.
- [F6]Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
- [F7]Granted on June 2, 2014 pursuant to the Incentive Plan. 25% of these share options are immediately exercisable. The remaining unvested share options will vest 25% each year on June 2, 2016, 2017 and 2018, respectively, subject to grantee's continued employment with the Company through the vesting date.
- [F8]Immediately exercisable.
- [F9]Granted on June 3, 2013 pursuant to the Incentive Plan. 50% of these share options are immediately exercisable. The remaining unvested share options will vest 25% each year on June 3, 2016 and 2017, respectively, subject to grantee's continued employment with the Company through the vesting date.