Michael Kors Holdings Ltd 4
4 · Michael Kors Holdings Ltd · Filed Jun 6, 2017
Insider Transaction Report
Form 4
Parsons Joseph B.
EVP, CFO, COO & Treasurer
Transactions
- Exercise/Conversion
Ordinary shares, no par value
2017-06-02+4,934→ 50,108 total - Tax Payment
Ordinary shares, no par value
2017-06-02$33.05/sh−1,991$65,803→ 48,117 total - Tax Payment
Ordinary shares, no par value
2017-06-03$34.49/sh−1,021$35,214→ 46,423 total - Exercise/Conversion
Performance-based restricted share units
2017-06-02−4,934→ 0 totalExercise: $0.00→ Ordinary share, no par value (4,933 underlying) - Tax Payment
Ordinary shares, no par value
2017-06-02$33.05/sh−673$22,243→ 47,444 total
Holdings
- 17,404
Employee share options (right to buy)
Exercise: $49.88Exp: 2023-06-15→ Ordinary shares, no par value (17,404 underlying) - 25,825
Employee share option (right to buy)
Exercise: $47.10Exp: 2022-06-15→ Ordinary shares, no par value (25,825 underlying) - 9,623
Restricted share units
Exercise: $0.00→ Ordinary shares, no par value (9,623 underlying) - 11,465
Restricted share units
Exercise: $0.00→ Ordinary shares, no par value (3,822 underlying) - 94,000(indirect: By Foundation)
Ordinary shares, no par value
- 228,000
Employee share option (right to buy)
Exercise: $5.00Exp: 2021-03-25→ Ordinary shares, no par value (228,000 underlying) - 21,436
Employee share option (right to buy)
Exercise: $94.45Exp: 2021-06-02→ Ordinary shares, no par value (21,436 underlying) - 67,829
Employee share option (right to buy)
Exercise: $20.00Exp: 2018-12-14→ Ordinary shares, no par value (67,829 underlying) - 25,266
Employee share option (right to buy)
Exercise: $62.24Exp: 2020-06-03→ Ordinary shares, no par value (25,266 underlying)
Footnotes (9)
- [F1]Represents settlement of performance-based restricted share units ("PSRUs"). See footnote 3.
- [F2]Represents shares withheld by the Company to cover tax withholding obligations upon vesting.
- [F3]Represents PRSUs granted to the reporting person on June 2, 2014. The PSRUs vested on June 2, 2017 upon achievement of a pre-established cumulative net earnings goal for the applicable period resulting in the reporting person earning 86.3% of the ordinary shares originally subject to the award.
- [F4]Immediately exercisable.
- [F5]Granted on June 15, 2016 pursuant to Michael Kors Holdings Limited Amended and Restated Omnibus Incentive Plan (the "Incentive Plan"). These securities vest 25% each year on June 15, 2017, 2018, 2019, and 2020, respectively, subject to grantee's continued employment with the Company through the vesting date.
- [F6]Granted on June 15, 2015 pursuant to the Incentive Plan. These securities 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.
- [F7]Granted on June 2, 2014 pursuant to the Incentive Plan. 75% of these share options are immediately exercisable. The remaining unvested share options will vest on June 2, 2018, subject to grantee's continued employment with the Company through the vesting date.
- [F8]The RSUs do not expire.
- [F9]Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.