Home > Insider Trading > Filing (0001530721-14-000002)

Filing Details

Accession Number:: 0001530721-14-000002
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-02-10 16:15:19
Reporting Period:: 2014-02-06

Filing Date:: 2014-02-10
Accepted Time:: 2014-02-10 16:15:19
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	C/O Michael Kors Ltd, Unit 1902, 19/F Tower 6, The Gateway, Harbour City Tsim Sha Tsi, Kowloon K3	Svp Bus Affairs, Gc & Sec	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

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	2014-02-06	13,728	$20.00	33,992	No	4	M	Direct
Ordinary Shares, No Par Value	Disposition	2014-02-06	16,564	$92.24	17,428	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

Show Other Fields >>

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	2014-02-06	13,728	$0.00	13,728	$20.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
27,454		2018-12-14	No	4	M	Direct

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Ordinary Shares, No Par Value	Employee share option (right to buy)	$5.00	2021-03-25	152,000	152,000	Direct
Ordinary Shares, No Par Value	Employee share option (right to buy)	$62.24	2020-06-03	14,036	14,036	Direct
Ordinary Shares, No Par Value	Performance-based restricted share units	$0.00		4,820	0	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2021-03-25	152,000	152,000	Direct
2020-06-03	14,036	14,036	Direct
	4,820	0	Direct

Footnotes

The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $92.06 to $92.45. 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 December 14, 2011 pursuant to the Michael Kors Holdings Limited Omnibus Incentive Plan (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 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 2014 and/or Fiscal 2015, then one-half of these share options will vest annually on or about the date the audit of the financial statements of the Company for the fiscal years ended March 29, 2014 and March 28, 2015, respectively, is completed.
Granted on June 3, 2013 pursuant to the Incentive Plan. 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.
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 reporting person's continued employment with the Company through the end of such performance period.
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.