Michael Kors Holdings Ltd 4
4 · Michael Kors Holdings Ltd · Filed Jun 5, 2013
Insider Transaction Report
Form 4
Russell Britton
SVP, Global Operations
Transactions
- Award
Performance-based restricted share units
2013-06-03+1,446→ 0 total→ Ordinary shares, no par value (1,446 underlying) - Award
Ordinary shares, no par value
2013-06-03+1,687→ 4,523 total - Award
Employee share option (right to buy)
2013-06-03+4,211→ 4,211 totalExercise: $62.24Exp: 2020-06-03→ Ordinary shares, no par value (4,211 underlying)
Holdings
- 6,726
Employee share option (right to buy)
Exercise: $52.90Exp: 2019-10-01→ Ordinary shares, no par value (6,726 underlying)
Footnotes (4)
- [F1]Represents securities granted pursuant to the Michael Kors Holdings Limited Omnibus Incentive Plan (the "Incentive Plan"). 25% of these securities will vest annually on each of June 3, 2014, 2015, 2016 and 2017, respectively, subject to grantee's continued employment with the Company through the vesting date.
- [F2]Represents securities granted pursuant to the Incentive Plan. 25% of these securities will vest annually on each of October 1, 2013, 2014, 2015 and 2016, respectively, subject to grantee's continued employment with the Company through the vesting date.
- [F3]Each performance-based restricted share unit ("PRSUs") represents a contingent right to receive one ordinary share of the Company. The PRSUs will cliff vest around June 2016 only upon achievement of a pre-established cumulative net earnings goal for the applicable three-year period (2014-2016), subject to the grantee's continued employment with the Company through the end of such performance period.
- [F4]The number of ordinary shares earned with respect to such PRSUs will range from 0-150% of the shares originally subject to the award, depending on actual achievement.