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Filing Details

Accession Number:
0001530721-13-000078
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-12-18 16:28:13
Reporting Period:
2013-10-01
Filing Date:
2013-12-18
Accepted Time:
2013-12-18 16:28:13
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1530721 Michael Kors Holdings Ltd KORS Leather & Leather Products (3100) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1572712 Britton Russell C/o Michael Kors Ltd, Unit 1902, 19/f
Tower 6, The Gateway, Harbour City
Tsim Sha Tsi, Kowloon K3
Svp, Global Operations No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Ordinary Shares, No Par Value Disposition 2013-10-01 403 $75.14 4,120 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Ordinary Shares, No Par Value Employee share option (right to buy) $52.90 2019-10-01 6,726 6,726 Direct
Ordinary Shares, No Par Value Employee share option (right to buy) $62.24 2020-06-03 4,211 4,211 Direct
Ordinary Shares, No Par Value Performance-based restricted share units $0.00 1,446 0 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2019-10-01 6,726 6,726 Direct
2020-06-03 4,211 4,211 Direct
1,446 0 Direct
Footnotes
  1. Represents shares sold by the reporting person to cover tax withholding obligations upon the vesting of restricted shares.
  2. Granted pursuant to the Michael Kors Holdings Limited Omnibus Incentive Plan (the "Incentive Plan") on October 1, 2012. 25% of these share options are fully vested and exercisable. Of the remaining unvested share options one-third will vest on October 1, 2014, 2015 and 2016, respectively, subject to grantee's continued employment with the Company through the vesting date.
  3. Granted pursuant to the Incentive Plan on June 3, 2013. 25% of these share options 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.
  4. 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.
  5. 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.