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Filing Details

Accession Number:: 0001530721-14-000014
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-06-04 17:26:34
Reporting Period:: 2014-06-02

Filing Date:: 2014-06-04
Accepted Time:: 2014-06-04 17:26:34
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
1538861	David Michael Kors	C/O Michael Kors Ltd, Unit 1902, 19/F Tower 6, The Gateway, Harbour City Tsim Sha Tsi, Kowloon K3	Hon Chair & Chief Creative Off	Yes	Yes	No	No

Reported Non-Derivative Transactions

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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	2014-06-02	27,792	$0.00	4,346,325	No	4	A	Direct
Ordinary Shares, No Par Value	Disposition	2014-06-03	4,720	$94.05	4,341,605	No	4	F	Direct
Ordinary Shares, No Par Value	Acquisiton	2014-06-02	4,764	$0.00	26,251	No	4	A	Indirect	Held by spouse
Ordinary Shares, No Par Value	Disposition	2014-06-04	534	$94.40	25,717	No	4	S	Indirect	Held by spouse

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	F	Direct
No	4	A	Indirect	Held by spouse
No	4	S	Indirect	Held by spouse

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Ordinary Shares, No Par Value	Employee share option (right to buy)	Acquisiton	2014-06-02	89,316	$0.00	89,316	$94.45
Ordinary Shares, No Par Value	Employee share option (right to buy)	Acquisiton	2014-06-02	5,104	$0.00	5,104	$94.45
Ordinary Shares, No Par Value	Performance-based restricted share units	Acquisiton	2014-06-02	23,822	$0.00	23,822	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
89,316	2021-06-02	No	4	A	Direct
5,104	2021-06-02	No	4	A	Indirect
0		No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Ordinary Shares, No Par Value	95,000	Indirect	Held by the Kors LePere Foundation

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Ordinary Shares, No Par Value	Employee share option (right to buy)	$62.24	2020-06-03	84,219	84,219	Direct
Ordinary Shares, No Par Value	Employee share option (right to buy)	$62.24	2020-06-03	12,031	12,031	Indirect
Ordinary Shares, No Par Value	Performance-based restricted share units	$0.00		28,920	0	Direct
Ordinary Shares, No Par Value	Employee share option (right to buy)	$20.00	2018-12-14	387,597	387,597	Direct
Ordinary Shares, No Par Value	Employee share option (right to buy)	$2.63	2018-04-16	246,590	246,590	Indirect
Ordinary Shares, No Par Value	Employee share option (right to buy)	$2.63	2020-10-25	165,765	165,765	Indirect
Ordinary Share, No Par Value	Employee share option (right to buy)	$20.00	2018-12-14	38,760	38,760	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2020-06-03	84,219	84,219	Direct
2020-06-03	12,031	12,031	Indirect
	28,920	0	Direct
2018-12-14	387,597	387,597	Direct
2018-04-16	246,590	246,590	Indirect
2020-10-25	165,765	165,765	Indirect
2018-12-14	38,760	38,760	Indirect

Footnotes

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.
Represents shares withheld by the Company to cover tax withholding obligations upon the vesting of restricted shares.
Represents shares sold to cover tax withholding obligations upon the vesting of restricted shares.
Each performance-based restricted share unit ("PRSUs") represents a contingent right to receive one ordinary share of the Company. The PRSUs will cliff vest after three years only upon achievement of a pre-established cumulative net earnings goal for the applicable three-year period, subject to the grantee'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.
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.
Granted on December 14, 2011 pursuant to the Incentive Plan. One-half of these share options are immediately 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.
Immediately exercisable.
Granted on October 25, 2010 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 grantee's continued employment with the Company through the vesting date. 110,510 share options are immediately exercisable. If the annual performance goal is attained for Fiscal 2015, then the remaining 55,255 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 3, 2013 pursuant to the Incentive Plan.