Filing Details
- Accession Number:
- 0000950142-14-002424
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-12-09 20:35:02
- Reporting Period:
- 2014-12-05
- Filing Date:
- 2014-12-09
- Accepted Time:
- 2014-12-09 20:35:02
- 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 |
|---|---|---|---|---|---|---|---|
| 1570611 | S. Lee Sporn | 33 Kingsway London X0 WC2B 6UF | Svp Bus Affairs, Gc & Sec | 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 | Acquisiton | 2014-12-05 | 76,000 | $5.00 | 96,403 | No | 4 | M | Direct | |
| Ordinary Shares, No Par Value | Disposition | 2014-12-05 | 76,000 | $76.63 | 20,403 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Ordinary Shares, No Par Value | Employee share option (right to buy) | Disposition | 2014-12-05 | 76,000 | $0.00 | 76,000 | $5.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 76,000 | 2021-03-25 | No | 4 | M | 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) | $94.45 | 2021-06-02 | 11,909 | 11,909 | Direct | |
| Ordinary Shares, No Par Value | Employee share option (right to buy) | $20.00 | 2018-12-14 | 27,454 | 27,454 | Direct | |
| Ordinary Shares, No Par Value | Employee share option (right to buy) | $62.24 | 2020-06-03 | 14,036 | 14,036 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2021-06-02 | 11,909 | 11,909 | Direct |
| 2018-12-14 | 27,454 | 27,454 | Direct |
| 2020-06-03 | 14,036 | 14,036 | Direct |
Footnotes
- The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $76.47 to $76.94. Upon request of the SEC staff, the Company or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold at each separate price.
- Granted on March 25, 2011 pursuant to the Amended and Restated Michael Kors (USA), Inc. Stock Option Plan. These share options vest in full 10-years from the date of grant if the Company's shareholder net equity has increased by at least 20% per annum during such 10-year period. These share options may also vest on an accelerated basis if the pre-established annual performance goal (tied to annual divisional pre-tax profit) for the year has been met, in each case, subject to the reporting person's continued employment with the Company through the vesting date. If the annual performance goal is attained for Fiscal 2015, then the 76,000 unvested share options will vest on or about the date the audit of the financial statements of the Company for the fiscal year ended March 28, 2015 is completed.
- Granted on June 2, 2014 pursuant to the Michael Kors Holdings Limited Omnibus Incentive Plan (the "Incentive Plan"). 25% of these securities vest annually on each of June 2, 2015, 2016, 2017 and 2018, respectively, subject to grantee's continued employment with the Company through the vesting date.
- Granted on December 14, 2011 pursuant to the Incentive Plan. 13,728 share options are fully vested and exercisable. Of the remaining unvested share options one-half will vest annually on each of December 14, 2014 and 2015, respectively, subject to grantee's continued employment with the Company through the vesting date.
- Granted on June 3, 2013 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 3, 2015, 2016 and 2017, respectively, subject to grantee's continued employment with the Company through the vesting date.
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